558-574 86th St
Brooklyn, NY 11209
Retail Property For Sale

558 86th Street is currently a single story retail space occupied by Jennifer Convertibles Furniture. Their lease expires in June of 2021 with 10% Bi-Annual increases. They also have a kick out clause in their lease. The kick out clause allows an investor to submit plans, find tenants, etc., while still collecting income. There are 8,700 square feet of retail space available, with 147 feet of retail frontage on 86th Street. There is also a full basement the entire size of the building, and is currently being used as part of the showroom. This property has 17,400 SF of available air rights, but only 9,999 SF can be used with no parking requirement. The available air rights allow an investor to build a full 8,700 SF on the second floor with no set back or parking requirements. There is tremendous upside in this property given the air rights and location. This unique opportunity offers investors many different options. There is a surge of retail development along the Bay Ridge 86th Street retail corridor, including Bath & Body Works, Banana Republic, Panera Bread and Victoria’s Secret. This business district also houses many seasoned retail tenants, such as Century 21, The Gap, Chipotle, Panera, Modell’s as well as Chase Bank, Apple Bank, TJ Maxx, and Bank of America. With these large retail tenants as neighbors, any investors can utilize the existing retail floor space or opt to build and bring in a number of different tenants