1435 86th St Brooklyn, NY 11228-3435

This exceptional two-story medical office building, situated at 1435 86th Street in Brooklyn, New York, presents a compelling investment opportunity. The 11,290 square foot property, built in 1962 and situated on an 11,999 square foot lot, boasts a strong 6.85% cap rate and is currently 100% occupied. The building features a newly renovated interior (2019), a brand new roof, and a new HVAC system. A brand new elevator services all floors, from the lower level to the top floor. The property is zoned R4/C2-2. The primary tenant, Davita, holds a 15-year lease (NNN) with a January 31, 2038 expiration date, including two five-year options. This lease includes 10% rent increases every five years and is corporate guaranteed. Davita is also responsible for 100% of snow removal. An existing financing option of $7,950,000 at 3.74% interest is available, expiring in May 2030 with a February 2025 payment. A separate parking contract, costing $18,360 annually with a 2% annual increase, is also in place. Floor plans are available upon request. The asking price for this core+ investment is $15,250,000. This property offers a stable, high-return investment with a long-term, secure tenant.