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    948 86Th St Brooklyn, NY 11236

    For Sale
    $1,200,000

    Spacious 7-Bedroom, Two-Family Home in Old Mill Basin

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional two-family brick home, located in the desirable Old Mill Basin neighborhood of Brooklyn, New York, presents a unique investment opportunity. The property boasts over 2700 square feet of living space, spread across two floors, and features seven bedrooms and five bathrooms (four full and one half). Each apartment offers three bedrooms and two bathrooms, providing ample space for comfortable living or lucrative rental income. The home includes a convenient walk-in parlor and a fully accessible basement, adding significant functional space. The property is delivered vacant, allowing for immediate occupancy or seamless rental preparation. A private garage and additional parking are included, adding to the property's appeal. Situated on a 0.05-acre lot at 948 E 86th St, Brooklyn, NY 11236, this mixed-use property offers a compelling combination of residential comfort and investment potential. The asking price is $1,200,000. This is a rare opportunity to acquire a substantial property in a highly sought-after Brooklyn location. The property's size, layout, and features make it ideal for both families and investors seeking a versatile and valuable asset. The vacant status allows for immediate customization and occupancy or rental income generation. Don't miss this chance to own a piece of Old Mill Basin.

    Property Features for 948 86Th St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,178 SF

    HighLights

    • $1,200,000 asking price.
    • Mixed‑use property.
    • Located at 948 E 86th St, Brooklyn, NY 11236.
    • 0.05‑acre lot.
    • Two‑family brick home with approximately 2700 square feet.
    • Seven bedrooms, four full baths, and two half baths.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    36047
    State
    New York
    Longitude
    -73.908016
    Latitude
    40.6372583

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious 7-Bedroom, Two-Family Home in Old Mill Basin
    Where is this mixed-use property located?
    The property is located at 948 86Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; Mixed-use property.; Located at 948 E 86th St, Brooklyn, NY 11236.
    Request Owner's contact information
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    Brooklyn, NY 11236
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    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
    948 86Th St Brooklyn, NY 11236
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