469 86th St - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11209
$2,550,000 USD
631-332-6273
469 86th St, Brooklyn, NY for Sale
$2,550,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | Request Cap Rate

469 86th St
Brooklyn, NY 11209


HIGHLIGHTS

  • First sale in 85 years
  • Best Retail Block in Bay Ridge Brooklyn
  • Great Value Add or Owner/User Opportunity

OVERVIEW

Revived Commercial is proud to bring to market 469 86th Street, which has been family owned since 1938. The subject was once home to the French Art Photo Studio and is now being offered for sale for the first time in 85 years. The building is located on the North Side of 86th Street between 4th and 5th Avenue across the street from the former Century 21 Department Store. The building is situated on a 20’ x 100’ lot with building dimensions of 20’ x 74’ for a total of 2,900 gross square feet. The building is currently vacant; making it an ideal opportunity for retail investors to reposition the asset or end user to occupy the space. The property features approximately 2,900 SF of space between two floors, a 25’ backyard and a full basement; offering an attractive location for major retail tenants as rents are averaging over $125.00 a sf within this corridor. The area is served by various transportation options making it extremely accessible. The 86th St R Subway Station is on the corner of 86th St and 4th Ave. There are several bus lines that operate in close proximity including the B1, B16, S93, S79 and S53. Street parking is available along with a municipal parking garage located at 87th St and 5th Ave.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Elysa BerlinRevived CommercialMore Info
631-332-6273

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Elysa BerlinRevived CommercialMore Info
631-332-6273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.