Mixed-Use Building with Medical
348 86th Street Brooklyn, NY 11209
348 86th Street, Brooklyn, NY, 11209
$1,899,000
For Sale
$1,899,000
Brand-new mixed-use property combines a renovated medical office with two three-bedroom apartments and rear two-car parking.
Property Size2,875 SF
Price / SF$660.52
Days on Market94
Property Features for 348 86th Street
General Information
- Standard status
- Active
- Size
- 2,875 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing agency
RE/MAX Real Estate Professiona
(718) 532-2000
Listed by
Billy Apter · License #bea5721
(718) 532-2000
Source
Compass
Added: Apr 20 Updated: Jul 21 at 4:34PM Checked: Jul 21 at 4:34PM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
Completely renovated mixed-use building featuring a ground-floor medical office plus two apartments. The medical office is updated throughout with a new heating and cooling system using wall split units, and includes two exits at the front and back, with parking in the rear for two cars.
The first-floor apartment offers three bedrooms and 1.5 baths, with stainless steel appliances, in-unit laundry, and split units for heating and cooling. The second-floor apartment also provides three bedrooms and 1.5 baths, an open living and kitchen area, stainless steel appliances, hardwood floors, laundry, a skylight, and a balcony.
According to the property remarks, all utilities are separate, with separate gas boilers for each unit. The offering is listed as being on 86th Street in Bay Ridge, Brooklyn, and the remarks cite potential rental income of over $10,000/month to $120,000/year, depending on configuration.
The first-floor apartment offers three bedrooms and 1.5 baths, with stainless steel appliances, in-unit laundry, and split units for heating and cooling. The second-floor apartment also provides three bedrooms and 1.5 baths, an open living and kitchen area, stainless steel appliances, hardwood floors, laundry, a skylight, and a balcony.
According to the property remarks, all utilities are separate, with separate gas boilers for each unit. The offering is listed as being on 86th Street in Bay Ridge, Brooklyn, and the remarks cite potential rental income of over $10,000/month to $120,000/year, depending on configuration.
Key Highlights
- Mixed‑use building with 1 medical office plus two separate 3‑bedroom, 1.5‑bath apartments (3 total units).
- Ground‑floor medical office is fully renovated with two exits (front and back) and wall split‑unit heating/cooling.
- Rear two‑car parking available, plus brick exterior and poured concrete foundation.
Local Financial Insights For Mixed Use
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 | $189.8k | $66.00 |
| − Vacancy | −$22.8k | −$7.92 |
| EGI | $167.0k | $58.08 |
| − OpEx | −$62.6k | −$21.78 |
| NOI | $104.4k | $36.30 |
2,875 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.49M
$1.30M – $1.74M
NOI $104,363 @ 7.0% cap · market cap 5.50%
Second Best
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,687 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$2.38M
$2.08M – $2.78M
NOI $166,635 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Brand-new mixed-use property combines a renovated medical office with two three-bedroom apartments and rear two-car parking.
Where is this mixed-use property located?
The property is located at 348 86th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Mixed‑use building with 1 medical office plus two separate 3‑bedroom, 1.5‑bath apartments (3 total units).; Ground‑floor medical office is fully renovated with two exits (front and back) and wall split‑unit heating/cooling.; Rear two‑car parking available, plus brick exterior and poured concrete foundation.
