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Brooklyn Restaurant and Parking For Sale
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1619 86th Street, Brooklyn, NY 11214

Restaurant and parking lot with long-term lease in place.

Property Size6,100 SF
Lot Size0.44 Acres
Price / SF$1,647
Days on Market856

Property Features for 1619 86th Street

General Information

Standard status Active
Size 6,100 SF
Lot size 0.44 Acres
Property subtype Retail, Special Purpose
Net Operating Income $408,000

Building Details

Stories 1
Units 1
Listing Agency: BHHS Fillmore R.E
Listed By: Joseph Devito · License #New York
Source: Crexi
Added: Apr 17, 2024 Changed: Aug 8 Last Checked: Aug 20 at 8:56AM

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 BHHS Fillmore R.E

Investment Insights

Based on property information with market context.

The property at 1616 85th Street, along with lot #0011, encompasses over 19,000 square feet, featuring a 6,100 square foot building. Currently, the building is leased to a well-established restaurant, and there is a parking lot. The existing lease is a 15-year triple net lease with approximately 9 years remaining. The property is zoned C8-1/R5, presenting various possibilities for investors and developers.

Key Highlights

  • Over 19,000 sq ft property with a 6,100 sq ft building.
  • Currently leased to a well‑established restaurant.
  • Approximately 9 years remaining on a 15‑year triple net lease.

Property Analytics

Current Use

Golden Palace Restaurant

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Bar & Pub Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,492
Businesses Nearby
138k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Shops & Services 43% Groceries 10% Home Improvements & Furnishings 1%
Outback Steakhouse Dining
23,802 visits/mo 0.3 miles
AutoZone Shops & Services
14,265 visits/mo 0.3 miles
Key Food Groceries
13,779 visits/mo 0.3 miles
Chase Bank Shops & Services
13,449 visits/mo 0.5 miles
Mobil Shops & Services
12,017 visits/mo 0.4 miles

Demographics for 11214, NY

96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail property - Restaurant and parking lot with long-term lease in place.
Where is this retail property located?
The property is located at 1619 86th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $10,050,000.
What are key features of this property?
This property features: Over 19,000 sq ft property with a 6,100 sq ft building.; Currently leased to a well‑established restaurant.; Approximately 9 years remaining on a 15‑year triple net lease.
More about this property
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