Mixed-Use Property with Medical
348 86th Street, Brooklyn, NY 11209
For Sale
$1,799,000
Residential, Brooklyn, NY
Property Size2,875 SF
Lot Size0.04 Acres
Price / SF$625.74
Days on Market196
Property Features for 348 86th Street
General Information
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Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Annual Amount
Building Details
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Floors in Building
Number of units
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Buildings
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Added: Apr 28
Changed: Nov 5
Last Checked: Nov 9 at 4:06AM
MLS# 500648
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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This 2,875-square-foot mixed-use property combines a ground-floor medical office with two residential apartments. The office has front and rear exits, wall-mounted heating and cooling units, and rear parking for two cars. Each apartment offers three bedrooms and 1.5 baths. Residential features include stainless steel appliances and laundry, while the upper unit also includes hardwood flooring, a skylight, and a balcony. The building has brick construction, a flat roof, ceramic and tile flooring, and updated electric and plumbing systems.
Located at 348 86th Street in Brooklyn, the property is zoned R5B and occupies 0.044 acres. Separate utilities and individual gas boilers serve the residential units, supporting distinct heating systems for each apartment. The 1925 building provides a combined residential and professional-use configuration within a single property.
Located at 348 86th Street in Brooklyn, the property is zoned R5B and occupies 0.044 acres. Separate utilities and individual gas boilers serve the residential units, supporting distinct heating systems for each apartment. The 1925 building provides a combined residential and professional-use configuration within a single property.
Key Highlights
- 2,875‑square‑foot mixed‑use building with medical office and two apartments
- Ground‑floor medical office has front and rear exits plus wall‑mounted heating and cooling
- Two three‑bedroom apartments, each with 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,363
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,260
$2.1M
Cap Rate 7%
$1,490,900
$1.5M
Cap Rate 9%
$1,159,589
$1.2M
Market Conditions
NOI Build-Up for 2,875 SF
Gross rent
$189.8K $66.00/SF
− Vacancy
−$22.8K −$7.92/SF
EGI
$167.0K $58.08/SF
− OpEx
−$62.6K −$21.78/SF
NOI
$104.4K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,260
Cap Rate 7%
$1,490,900
Cap Rate 9%
$1,159,589
Alternative Uses
Best Use
Mixed Use
$1.49M
$1.30M – $1.74M
NOI $104,363 @ 7.0% cap · market cap 5.80%
Second Best
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,687 @ 7.0% cap · market cap 5.60%
Theoretical Best
Specialty Retail
$2.38M
$2.08M – $2.78M
NOI $166,635 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
4,685
Businesses Nearby
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Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated medical office space is paired with two three-bedroom apartments and separate utility systems.
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 $1,799,000.
What are key features of this property?
This property features: 2,875‑square‑foot mixed‑use building with medical office and two apartments; Ground‑floor medical office has front and rear exits plus wall‑mounted heating and cooling; Two three‑bedroom apartments, each with 1.5 baths
