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2076-2084 86th St
Brooklyn, NY 11214
Bank of America & Chipotle · Retail Property For Sale
Investment Highlights
- Trophy Brooklyn net leased investment opportunity on the hard corner of a dense commercial corridor with tremendous foot traffic
- Complete building redevelopment in 2020/2021 with second story added
- BofA rent grows by 45% over primary term and 12-15% increase at the start of each option; Chipotle features 10% rent increase every 5 yrs
- Brand new 15-year leases to best-in-class corporate tenants with limited landlord responsibilities
- New roof (20-year warranty), interior, plumbing, bathrooms, storefront, HVAC, sprinklers, etc.
- Robust demographics with over 877,000 population within 3 miles and average household income of $91,837
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,806 SF
Building Class
B
Year Built/Renovated
1948/2020
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.13 AC
Zoning
C4-2 - General commercial contextual zoning district
Frontage
97’ on 86Th St
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
Property Taxes
| Parcel Number | 06377-0042 | Improvements Assessment | $1,953,900 |
| Land Assessment | $390,600 | Total Assessment | $2,344,500 |
Property Taxes
Parcel Number
06377-0042
Land Assessment
$390,600
Improvements Assessment
$1,953,900
Total Assessment
$2,344,500
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