Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    703 86Th St Brooklyn, NY 11228

    Sponsored
    For Sale
    $4,480,000

    Prime Dyker Heights location, high cap rate.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a combined portfolio of two buildings located at 703-705 86th Street in Brooklyn, New York, situated on a prominent retail strip in the Bay Ridge/Dyker Heights border. The property consists of approximately 6,600 square feet of commercial medical office space and two modern residential units, each approximately 1,019 square feet, totaling 8,637 square feet. The buildings, constructed of brick and featuring elevators, underwent renovations in 1989. Two of the offices were owner-occupied and built with high-end materials. The property boasts a high projected capitalization rate and is zoned C4-2A. Building dimensions are 54.38' x 76' for 703 and 54.38' x 89.33' for 705, with a combined lot size of 70.66' x 89.33'. There is significant unused floor area ratio (FAR) of 6,783. Staten Island University Hospital | Northwell Health is a prime tenant. The property enjoys a highly visible location, minutes from a train station, express bus routes to Staten Island, the BQE, and the Verrazano Bridge. The property offers considerable upside potential, including possible conversion to condominiums or additional residential units. The asking price is $4,480,000. Owner is motivated to sell.

    Property Features for 703 86Th St

    General Information

    Property type
    Medical offices

    HighLights

    • Prime 86th Street retail strip location, Bay Ridge/Dyker Heights border.
    • Newly renovated (1989), well‑maintained three‑story brick building with elevator.
    • Legal two‑family dwelling (approx. 1,019 sq ft per unit) plus six offices (approx. 6,600 sq ft total); combined 8,637 sq ft.
    • Two owner‑occupied offices featuring high‑end finishes.
    • C4‑2A zoning; 70.66 ft x 89.33 ft lot; 6,783 sq ft unused FAR.
    • Staten Island University Hospital (Northwell Health) is a prime tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    NSLA CARSHIP LLC Freight Forwarding Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0217314
    Latitude
    40.6189787

    Nearby Similar for Sale

    • New
      $2,495,000
      12,000 SF

      Brooklyn Multi-Unit Investment Opportunity

      Two contiguous buildings with 16 units in Columbia Waterfront District.
      96 Baltic St, Brooklyn, NY 11201
      View Details
    • New
      $1,585,000
      1,870 SF

      Two-Family Home in Greenwood Heights

      Two-family home with income potential in evolving Greenwood Heights.
      200 31St St, Brooklyn, NY 11232
      View Details
    • New
      $2,450,888
      3,200 SF

      Brooklyn Fourplex with High Income

      Updated 9-bedroom, 6.5-bath four-family with six apartments.
      354 Rutland Rd, Brooklyn, NY 11225
      View Details
    • $4,999,000
      3,060 SF

      Renovated Brownstone in Park Slope

      Impeccably renovated three-family brownstone in prime Park Slope location.
      645 Carroll St, Brooklyn, NY 11215
      View Details
    • New
      $7,250,000
      11,250 SF

      Renovated Commercial Building in Brooklyn

      Versatile commercial space in Bedford-Stuyvesant, ideal for owner-users.
      405 Gates Ave, Brooklyn, NY 11216
      View Details
    • $1,999,000
      2,700 SF

      Bedford-Stuyvesant Two-Family Townhouse

      Two-family townhouse in Bedford-Stuyvesant with income potential.
      427 Pulaski St, Brooklyn, NY 11221
      View Details
    • $1,650,000
      2,048 SF

      Renovated Two-Family Home, Brooklyn

      Newly renovated 2-family in Dyker Heights with rental potential.
      200 Bay 7Th St, Brooklyn, NY 11228
      View Details
    • $1,500,000
      4,522 SF

      Renovated Mixed-Use Corner Property

      Fully renovated mixed-use property in Gravesend/Bensonhurst, Brooklyn.
      248 Avenue P, Brooklyn, NY 11204
      View Details
    • $4,025,000
      0.06 Acres

      Turn-Key 9-Unit Investment Opportunity

      9-unit property in Bedford-Stuyvesant with $275K NOI.
      305 Sumpter St, Brooklyn, NY 11233
      View Details
    • New
      $2,450,888
      0.05 Acres

      Brooklyn Multifamily Investment Opportunity

      Updated 9-bedroom, 6.5-bath legal 4-family with six apartments.
      354 Rutland Rd, Brooklyn, NY 11225
      View Details
    • $869,950
      Pending

      Vacant Three-Family Building in Brooklyn

      Vacant 3-family building in Ocean Hill, close to transportation.
      1936 Prospect Pl, Brooklyn, NY 11233
      View Details
    • $2,378,888
      4,320 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building with doctor's office and residential units in Brooklyn.
      321 Marine Ave, Brooklyn, NY 11209
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Dyker Heights location, high cap rate.
    Where is this medical office located?
    The property is located at 703 86Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,480,000.
    What are key features of this property?
    This property features: Prime 86th Street retail strip location, Bay Ridge/Dyker Heights border.; Newly renovated (1989), well-maintained three-story brick building with elevator.; Legal two-family dwelling (approx. 1,019 sq ft per unit) plus six offices (approx. 6,600 sq ft total); combined 8,637 sq ft.
    Request Owner's contact information
    703 86Th St Brooklyn, NY 11228
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    703 86Th St
    Brooklyn, NY 11228
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    703 86Th St Brooklyn, NY 11228
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.