For Sale
$2,550,000

469 86Th St Brooklyn, NY 11209

Prime Brooklyn retail, vacant, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional mixed-use storefront property at 469 86th Street in Brooklyn, New York, presents a compelling investment opportunity. Located in Bay Ridge's most desirable retail corridor, this vacant building offers 2,900 gross square feet across two floors, situated on a 20' x 100' lot. The property boasts a 25' backyard and a full basement, adding significant value. Previously home to the French Art Photo Studio, this building is being offered for sale for the first time in 85 years, representing a unique chance for repositioning or owner-occupancy. With an asking price of $2,550,000 and an 8.00% cap rate, this property offers strong potential for return on investment. The building's location is highly accessible, with the 86th Street R subway station nearby and several bus lines (B1, B16, S93, S79, and S53) in close proximity. Ample street parking and a municipal parking garage at 87th Street and 5th Avenue further enhance convenience. Given the average rental rates exceeding $125 per square foot in this corridor, this property is ideally suited for major retail tenants. The building consists of one structure with two units spread across two stories. This is a value-add investment opportunity perfect for retail investors or owner-users seeking a prime location in a thriving Brooklyn neighborhood.

Highlights

  • Vacant retail/mixed-use building on prime 86th Street, Bay Ridge, Brooklyn.
  • Ideal for retail investors or owner-occupiers.
  • 2,900 SF, two floors, 25' yard, full basement; rents in this corridor average over $125/SF.

Property Details for 469 86Th St

Property type
Retail properties, Mixed-use properties
Square Feet
2,900 SF
Buildings
1
Stories
2
Units
2

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6219835
Longitude
-74.0265455

FAQs

What type of property is this?
Retail property - Prime Brooklyn retail, vacant, high potential.
Where is the retail property located?
The property is located at 469 86Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Vacant retail/mixed-use building on prime 86th Street, Bay Ridge, Brooklyn.; Ideal for retail investors or owner-occupiers.; 2,900 SF, two floors, 25' yard, full basement; rents in this corridor average over $125/SF.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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469 86Th St
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