1619 86Th St Brooklyn, NY 11214
- Drive through restaurants
- 6,100 SF
- 0.32 lot acres
Current Use by Public Records
- Golden Palace / Chinese Restaurant
Property Details for 1619 86Th St
- Year built
- 1930
- Lot size
- 0.32 lot acres
- Property size
- 6,100 SF
- Zone code
- C8-1
- Property type
- Drive through restaurants
- APN
- 06342-0079
- APU
- 63420079
Description
This exceptional Brooklyn investment property, located at 1619 86th Street, presents a rare opportunity for discerning investors and developers. The 6,100 square foot building sits on a substantial 19,729 square foot lot and is currently leased to a well-established restaurant under a triple net lease with approximately nine years remaining on a 15-year term. The property boasts a 4% cap rate and a net operating income (NOI) of $408,000, making it an attractive addition to any portfolio. The building features a ceiling height ranging from 11 to 15 feet, offering ample space and versatility. The property is zoned C8-1/R5, opening doors to a multitude of potential uses and redevelopment opportunities. The asking price is $10,050,000. This single-story building is situated in Kings County (Brooklyn), New York, zip code 11214, and offers significant potential for long-term growth and appreciation. The substantial lot size provides ample parking and additional development possibilities. This is a prime investment opportunity with strong cash flow and significant upside potential. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0067
- Latitude
- 40.61
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
