526 86Th StBrooklyn, NY 11209

Property Details for 526 86Th St

Year built

1926

Lot size

0.06 AC

Property size (Sq ft)

9,768 SF

Zone code

C42A

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

06051-0028

APU

60510028

Description

This exceptional 2,500 square foot commercial property, located at 526 86th Street in the vibrant Bay Ridge neighborhood of Brooklyn, New York, presents a unique opportunity for a single tenant. The property is ideally situated between 5th Avenue and Gelston Avenue, offering excellent visibility and accessibility. Its convenient location near the 86th Street R train station ensures easy commutes for employees and customers alike. Furthermore, a robust public transportation network is readily available, including numerous bus lines (B1, B63, B16, B70, X38, X28, S93, S53, & S79-SBS). The property benefits from its proximity to a thriving retail environment, surrounded by established businesses such as Spectrum Store, Chipotle Mexican Grill, Sephora, Claire's, Burger King, Starbucks, FedEx Office, Bath & Body Works, Taco Bell, Bank of America, Planet Fitness, Dunkin', Dave's Hot Chicken, the United States Postal Service, Victoria's Secret, Wendy's, Mattress Firm, and several automotive dealerships. This high-traffic area guarantees significant foot traffic and exposure for your business. The property is classified as both retail and office space, offering flexibility for a variety of uses. The property is located in Kings County, New York, with a zip code of 11209. This presents a compelling investment opportunity in a bustling and well-connected Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,002,528

  6.5%

  $1,848,488

  7%

  $1,716,453

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,978,245

  Geo Method

  $1,978,245

• Alternative Use

  Use

  Valuation

  Residential

  $1,848,488

  Hospitality

  $1,693,205

  Educational

  $1,408,726

  Medical

  $1,457,175

  Retail

  $2,191,352

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6209

Longitude

-74.0257

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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