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250 86th St
Brooklyn, NY 11209
Office Property For Sale
Investment Highlights
- Free Market mixed-use building in the heart of Bay Ridge
- Immediate proximity to Ridge Boulevard, one of Bay Ridge's most desirable residential sections
- Vacant building - ideal for investor repositioning or end-user occupancy
- Prime 86th Street location on Bay Ridge's strongest retail corridor
- Fully renovated, turnkey asset
- Newly built and renovated medical office
Executive Summary
Investment Property Realty Group (IPRG) is pleased to exclusively present the opportunity to acquire 250 86th Street, a prime free market mixed-use asset located in the heart of Bay Ridge. The property is located on 86th Street just off Ridge Boulevard, at the intersection of Bay Ridge’s strongest retail corridor and one of the neighborhood’s most sought-after residential sections.
The subject property consists of one residential apartment above a two-story medical office, totaling approximately 3,420 square feet. The building is constructed approximately 20 feet by 58 feet, situated on a 20-foot by 100-foot lot. The property is zoned R5D / BR and benefits from the highly sought-after protected Tax Class 1 designation.
The asset is fully renovated and turnkey and is currently vacant, offering a unique opportunity for investors to reposition the asset or for an end user to occupy the space. The property features a newly built-out medical office and a large, brand-new 3-bedroom / 2-bathroom residential apartment. The property is located less than two blocks from the 86th Street [R] subway station, providing convenient access to Manhattan, Queens, and the rest of Brooklyn.
The subject property consists of one residential apartment above a two-story medical office, totaling approximately 3,420 square feet. The building is constructed approximately 20 feet by 58 feet, situated on a 20-foot by 100-foot lot. The property is zoned R5D / BR and benefits from the highly sought-after protected Tax Class 1 designation.
The asset is fully renovated and turnkey and is currently vacant, offering a unique opportunity for investors to reposition the asset or for an end user to occupy the space. The property features a newly built-out medical office and a large, brand-new 3-bedroom / 2-bathroom residential apartment. The property is located less than two blocks from the 86th Street [R] subway station, providing convenient access to Manhattan, Queens, and the rest of Brooklyn.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,611 SF
Building Class
C
Year Built/Renovated
1915/2025
Price
$1,900,000
Price Per SF
$727.69
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,306 SF
Building FAR
1.50
Lot Size
0.04 AC
Zoning
R5D, BR
Property Taxes
| Parcel Number | 06043-0027 | Improvements Assessment | $118,560 |
| Land Assessment | $17,760 | Total Assessment | $136,320 |
Property Taxes
Parcel Number
06043-0027
Land Assessment
$17,760
Improvements Assessment
$118,560
Total Assessment
$136,320
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