Mixed-Use
New
For Sale
$3,499,000
705 86th Street, Brooklyn, NY 11228
The property combines office suites with two-bedroom residential units in a brick building.
Property Size12,399 SF
Price / SF$282.20
Days on Market7
Property Features for 705 86th Street
General Information
Standard status
Active
Size
12,399 SF
Property subtype
Residential Income
Zoning
C4
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Office Units
6
Additional Details
Property Use
Mixed-Use
Taxes and HOA fees
Annual Taxes
$53,901
Amenities
2
true
4
5138
54x89
0.12
On Street
12399
Building Details
Building Size
12,399 SF
Year Built
1994
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Svetlana Noll · License #10301222590
(929) 433-9563
Source:
Matiasrealestatenyc
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 29 at 2:41PM
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 Homes R Us Realty of NY, Inc.
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Investment Insights
Based on property information with market context.
Built in 1994, this all-brick mixed-use building contains 12,399 square feet. Its layout includes six office suites and two residential apartments, each with two bedrooms. The combination of commercial and residential space is located at 705 86th Street in Brooklyn’s Dyker Heights neighborhood.
Key Highlights
- 12,399‑square‑foot mixed‑use building
- Six office suites
- Two residential units, each with two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$309,330
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,186,600
$6.2M
Cap Rate 7%
$4,419,000
$4.4M
Cap Rate 9%
$3,437,000
$3.4M
Market Conditions
NOI Build-Up for 12,399 SF
Gross rent
$535.6K $43.20/SF
− Vacancy
−$123.2K −$9.94/SF
EGI
$412.4K $33.26/SF
− OpEx
−$103.1K −$8.32/SF
NOI
$309.3K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,186,600
Cap Rate 7%
$4,419,000
Cap Rate 9%
$3,437,000
Alternative Uses
Best Use
Mixed Use
$6.43M
$5.63M – $7.50M
NOI $450,084 @ 7.0% cap · market cap 12.86%
Second Best
Apartment 5plus
$5.41M
$4.73M – $6.31M
NOI $378,529 @ 7.0% cap · market cap 10.82%
Theoretical Best
Specialty Retail
$10.27M
$8.98M – $11.98M
NOI $718,646 @ 7.0% cap · market cap 20.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
6
Office units
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines office suites with two-bedroom residential units in a brick building.
Where is this mixed-use property located?
The property is located at 705 86th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 12,399‑square‑foot mixed‑use building; Six office suites; Two residential units, each with two bedrooms
