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1818 86th St 30,000 SF Vacant Retail Building Brooklyn, NY 11214 $12,600,000 ($420/SF) 4.11% Cap Rate



EXECUTIVE SUMMARY
Presenting a rare opportunity to own a unique corner elevated commercial building in the heart of the highly sought-after Bensonhurst/Bath Beach neighborhood. This expansive property boasts approximately 30,000 square feet across two levels, plus a full basement, and is ideally situated on one of the most vibrant commercial blocks of 86th Street. The building features ground-floor 5 storefronts, store that also utilizes the second floor as a showroom, and a discount store along the side street. Positioned on a 103x100-foot lot with a building footprint of approximately 91x103 feet, this property offers exceptional visibility and foot traffic. It is conveniently surrounded by essential amenities, including the N train subway station, multiple bus lines, supermarkets, bakeries, banks, restaurants, and more—all within a short distance. This is a prime investment with potential for future rent increase and development—please consult your architect and explore the possibilities under the City of YES initiative. Rent roll available upon request.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$769,200
|
$25.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$769,200
|
$25.64
|
| Taxes |
$229,603
|
$7.65
|
| Operating Expenses |
$21,440
|
$0.71
|
| Total Expenses |
$251,043
|
$8.37
|
| Net Operating Income |
$518,157
|
$17.27
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $769,200 |
| Annual Per SF | $25.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $769,200 |
| Annual Per SF | $25.64 |
| Taxes | |
|---|---|
| Annual | $229,603 |
| Annual Per SF | $7.65 |
| Operating Expenses | |
|---|---|
| Annual | $21,440 |
| Annual Per SF | $0.71 |
| Total Expenses | |
|---|---|
| Annual | $251,043 |
| Annual Per SF | $8.37 |
| Net Operating Income | |
|---|---|
| Annual | $518,157 |
| Annual Per SF | $17.27 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
30,000 SF
Building Class
C
Year Built/Renovated
1929/2007
Price
$12,600,000
Price Per SF
$420
Cap Rate
4.11%
NOI
$517,860
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.89
Lot Size
0.24 AC
Zoning
R5 w/ C1-2 overlay - Medium density district with a height limit of 40 fee
Frontage
100’ on 86th St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 86th Street Apparel Corp
- Retailer
- -
- -
- -
- American Place
- Retailer
- -
- -
- -
- Supreme Furniture
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 86th Street Apparel Corp | Retailer | - | - | - | ||
| American Place | Retailer | - | - | - | ||
| Supreme Furniture | Retailer | - | - | - |
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06369-0050 | Total Assessment | $2,424,600 (2025) |
| Land Assessment | $155,250 (2025) | Annual Taxes | $229,603 ($7.65/SF) |
| Improvements Assessment | $2,269,350 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
06369-0050
Land Assessment
$155,250 (2025)
Improvements Assessment
$2,269,350 (2025)
Total Assessment
$2,424,600 (2025)
Annual Taxes
$229,603 ($7.65/SF)
Tax Year
2024
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1818 86th St
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