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2797-2799 86th St 4,260 SF 100% Leased Retail Building Brooklyn, NY 11223 $2,390,000 ($561.03/SF) 7% Cap Rate



EXECUTIVE SUMMARY
This is a high return investment and fully leased commercial building with five unique commercial spaces. Top great features for the property are as follows: 2 Stories building with high ceiling basements, 4,260 Square Feet total, 5 Commercial Retail Spaces with long term tenants, building size: 38 X52, Lot: 38x52, Zoning: C1-2/R5, facing both 86th ST and west 8th ST, close multiple large supermarkets and top retail stores, such as Mcdonald’s and Petco , close to N train and F train stations, close to freeway 278, net income is close to 165k, top investment returns for the properties, it is excellent for owner self-use or 1031 exchange buyers or investors who are looking for high returns or easy management with stable incomes.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,260 SF
Building Class
C
Year Built
1982
Price
$2,390,000
Price Per SF
$561.03
Cap Rate
7%
NOI
$167,300
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.63
Lot Size
0.06 AC
Zoning
R5
Frontage
38’ on 86Th St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Services
- -
- -
- -
Auto repair shop in Brooklyn, New York.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Services | - | - | - |
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (97)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07142-0118 | Improvements Assessment | $392,400 |
| Land Assessment | $48,150 | Total Assessment | $440,550 |
PROPERTY TAXES
Parcel Number
07142-0118
Land Assessment
$48,150
Improvements Assessment
$392,400
Total Assessment
$440,550
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Presented by
Sun Realty New York Inc.
2797-2799 86th St
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