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    2402 86Th St Brooklyn, NY 11214

    For Sale
    $99,000

    High-Cap Rate Office Investment Opportunity

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2,000 square foot commercial office building, located at 2402 86th Street B in Brooklyn, NY 11214, presents a lucrative investment opportunity. Currently operating as an established physical therapy center, the property boasts a substantial gross yearly income of $700,000 and a net operating income (NOI) of approximately $202,000, resulting in an attractive 2.04% capitalization rate. The asking price is $99,000. The single-unit building sits on a 19,333 square foot lot and features impressive 11-15 foot ceilings. The spacious interior includes a large waiting area, a reception desk, a file room, multiple treatment rooms, and two restrooms. The property benefits from a lease with a 3% annual rent increase, with water and property taxes included. This turnkey operation is ideally suited for a similar medical practice or other professional office use, offering immediate income generation and significant growth potential in a highly desirable Brooklyn business district. The property's strong financial performance and prime location make it an exceptional investment opportunity not to be missed.

    Property Features for 2402 86Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,000 SF

    Building Details

    Units
    1

    HighLights

    • $99,000 Asking Price
    • 2,000 SF Office Building
    • 2.04% Cap Rate, $202,000 NOI
    • Located at 2402 86th Street B, Brooklyn, NY 11214
    • 19,333 SF Lot Size
    • 11‑15 Foot Ceiling Heights
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Village Plumbing & Heating ... Plumber Home Family Care ... Social Services Organization Gabriela Fitness coach Personal Trainer Fortune Social Day ... Sports Club Ren De Physical ... Physical Therapist

    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
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9893388
    Latitude
    40.5988633

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    FAQs

    What type of property is this?
    Office Property / Space - High-Cap Rate Office Investment Opportunity
    Where is this office property / space located?
    The property is located at 2402 86Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: $99,000 Asking Price; 2,000 SF Office Building; 2.04% Cap Rate, $202,000 NOI
    Request Owner's contact information
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    Brooklyn, NY 11214
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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
    2402 86Th St Brooklyn, NY 11214
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