Commercial Building with High
2799 86th St Brooklyn, NY 11223
For Sale
$2,290,000
Fully leased commercial building with five spaces and high net income.
Property Size4,260 SF
Lot Size0.05 Acres
Price / SF$537.56
Days on Market136
Property Features for 2799 86th St
General Information
- Standard status
- Active
- Size
- 4,260 SF
- Lot size
- 0.05 Acres
- Property subtype
- Commercial
Listing Agency:
Sun Realty New York Inc
(718) 650-5775
Listed By:
Dongyun Lin
(718) 650-5775
Source:
Elliman
Added: Mar 10
Changed: Jul 10
Last Checked: Jul 23 at 6:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sun Realty New York Inc
Investment Insights
Based on property information with market context.
This is a fully leased, two-story commercial building featuring five unique commercial spaces, each with high-ceiling basements. The building has a total area of 4,260 square feet, with dimensions of 38 feet by 52 feet, situated on a lot of the same size. The property is zoned C1-2/R5 and faces both 86th Street and West 8th Street. Its location offers proximity to multiple large supermarkets and prominent retail stores, including McDonald’s and Petco. Transportation is facilitated by nearby N and F train stations, as well as convenient access to freeway 278. The property generates a net income close to $165,000, representing a high return on investment. This property is suitable for owner self-use, 1031 exchange buyers, or investors seeking high returns and easy management with stable incomes.
Key Highlights
- High net income (close to $165k) and top investment returns
- Fully leased commercial building with 5 commercial retail spaces and long‑term tenants
- Excellent location facing both 86th St and West 8th St, close to supermarkets, retail stores (McDonald's, Petco), and transportation (N & F trains, Freeway 278)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $331.3k | $77.76 |
| − Vacancy | −$39.4k | −$9.25 |
| EGI | $291.8k | $68.51 |
| − OpEx | −$87.6k | −$20.55 |
| NOI | $204.3k | $47.95 |
4,260 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.92M
$2.55M – $3.40M
NOI $204,287 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.53M
$3.09M – $4.12M
NOI $246,910 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Discount Liquor Store
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- M&J Wholesale Flowers — 2567 Stillwell Ave 2nd Floor, Brooklyn, NY 11223
- Florist — Brooklyn, NY 11223
- Robert Joseph's — Brooklyn, NY 11223
- Flower Fantasy — 308 Avenue U, Brooklyn, NY 11223
- Mimosa Flowers Inc — 2308 W 7th St, Brooklyn, NY 11223
FAQs
What type of property is this?
Storefront property - Fully leased commercial building with five spaces and high net income.
Where is this storefront property located?
The property is located at 2799 86th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: High net income (close to $165k) and top investment returns; Fully leased commercial building with 5 commercial retail spaces and long‑term tenants; Excellent location facing both 86th St and West 8th St, close to supermarkets, retail stores (McDonald's, Petco), and transportation (N & F trains, Freeway 278)
