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EXECUTIVE SUMMARY
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 2165-2167 86th Street, Bensonhurst, Brooklyn, NY. Located on the "right side of the street" on the busiest retail block in Bensonhurst. 7,200 SF retail building plus storage basement and sidewalk space. Most of first floor, all of basement & second floor occupied by T-Mobile Corporate - a tenant for approximately 25 years. T-Mobile has a net lease that runs through August 2027 with one 5-year option to extend through August 2032. Portion of first floor occupied by Super Cruise Travel on a net lease that runs through July 31, 2034 with 3% annual increases. 140 feet away from corner of 86th Street and Bay Parkway - one of Southern Brooklyn's busiest intersections with very high vehicular, subway, and pedestrian counts. The stair to the bust subway station are approximately 100 feet away and multiple bus stops are on adjacent corners. Neighboring tenants include TD Bank, City MD, CVS, Chase Bank, Citibank, AT&T, Carter's/OshKosh, Gap, and many other national and local retailers, restaurants, banks, and health care providers. The quality of tenancy and proximity to the corner make this property one of the most outstanding properties on this prime retail block. The available/unused air rights for residential, commercial, or community facility use further enhance the opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
7,200 SF
Building Class
C
Year Built
1931
Price
$7,700,000
Price Per SF
$1,069.44
Tenancy
Single
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.09 AC
Zoning
C4-2 - Regional commercial center located outside of the central business districts
Frontage
40’ on 86th St
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06347-0051 | Improvements Assessment | $1,038,600 |
| Land Assessment | $165,600 | Total Assessment | $1,204,200 |
PROPERTY TAXES
Parcel Number
06347-0051
Land Assessment
$165,600
Improvements Assessment
$1,038,600
Total Assessment
$1,204,200
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2165-2167 86th St
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