2480 86Th StBrooklyn, NY 11214

Property Details for 2480 86Th St

Year built

1928

Lot size

0.03 AC

Property size (Sq ft)

2,340 SF

Zone code

C8-2

Property type

Investment properties

Property subtype

Retail residential properties

APN

06866-0045

APU

68660045

Description

This exceptional mixed-use property, located at 2480 86th Street in the vibrant Bensonhurst neighborhood of Brooklyn, New York, presents a compelling investment opportunity. The building, constructed in 1928, boasts a total of 2,340 square feet spread across two stories. Currently operating at 100% occupancy, the property features two tenants: a thriving dim sum bakery on the ground floor and a spacious three-bedroom apartment on the upper level. The asking price is $2,250,000, representing a price per square foot of $961.54 and a strong 3.72% capitalization rate. The current Net Operating Income (NOI) stands at $83,712, providing a solid return on investment. The lease type is NNN (Net, Net, Net), minimizing landlord responsibilities. The property's strong performance and desirable location in Kings County, zip code 11214, make it an attractive addition to any portfolio. The current occupancy is expected to continue until May 23, 2024. This is a rare opportunity to acquire a well-established, income-producing property in a thriving Brooklyn community. The property's history and current success position it for continued growth and profitability.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5979

Longitude

-73.9876

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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