Net-Leased Bank
For Sale
Contact for pricing
426 86th St, Brooklyn, NY 11209
Two-story commercial building occupied by Apple Bank under a corporate-guaranteed NN lease.
Property Size3,060 SF
Lot Size0.05 Acres
Days on Market144
Property Features for 426 86th St
General Information
Standard status
Active
Size
3,060 SF
Lot size
0.05 Acres
Property subtype
Retail
Zoning
C4-2A
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Marcus & Millichap - Manhattan
(212) 430-5229
Listed By:
Scott Plasky · License #NY 40PL1176852
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 1:27AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
Located at 426 86th St in Brooklyn’s Bay Ridge neighborhood, this two-story bank building contains 3,060 SF on a 2,000 SF lot. The ground floor measures 1,900 SF, the second floor contains 1,160 SF, and the property also includes a 1,160 SF lower level. The building has operated as a bank for over 25+ years.
Apple Bank occupies the property under a 12-year NN lease with approximately four years remaining. The lease provides 10% increases every three years, with the next increase scheduled for June 2024, and includes a full corporate guarantee. The landlord handles roof and structural repairs, while the tenant pays other expenses directly.
The property is positioned on 86th Street between 4th Ave and 5th Ave, near retailers including McDonald's, Wendy's, Panda Express, GAP, Banana Republic, Taco Bell, Chipotle, Starbucks, and Sephora. C4-2A zoning allows an additional 2,940 SF to be built on the site.
Apple Bank occupies the property under a 12-year NN lease with approximately four years remaining. The lease provides 10% increases every three years, with the next increase scheduled for June 2024, and includes a full corporate guarantee. The landlord handles roof and structural repairs, while the tenant pays other expenses directly.
The property is positioned on 86th Street between 4th Ave and 5th Ave, near retailers including McDonald's, Wendy's, Panda Express, GAP, Banana Republic, Taco Bell, Chipotle, Starbucks, and Sephora. C4-2A zoning allows an additional 2,940 SF to be built on the site.
Key Highlights
- Apple Bank occupancy under a 12‑year NN lease with approximately four years remaining
- Full corporate guarantee from the tenant
- 3,060 SF building on a 2,000 SF lot
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,685
Businesses Nearby
247k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Dining 27%
Groceries 15%
Office Supplies 10%
Super Foodtown
Groceries
31,460 visits/mo
0.3 miles
BP
Shops & Services
29,878 visits/mo
0.3 miles
Taco Bell
Dining
25,051 visits/mo
0.1 miles
Staples
Office Supplies
24,435 visits/mo
0.4 miles
Starbucks
Dining
14,495 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Two-story commercial building occupied by Apple Bank under a corporate-guaranteed NN lease.
Where is this bank located?
The property is located at 426 86th St Brooklyn, NY.
What are key features of this property?
This property features: Apple Bank occupancy under a 12‑year NN lease with approximately four years remaining; Full corporate guarantee from the tenant; 3,060 SF building on a 2,000 SF lot
