Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Drive through restaurants

    1619 86Th St, Brooklyn, NY 11214

    6,100 SF 0.32 ac lot Built 1930
    Entity Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1906603
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1930
    Total area 6,100 SF
    Lot 0.32 ac (13,729 SF)
    Zoning code C8-1
    APN 06342-0079
    UPID US63-1906603
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Golden Palace Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $395k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $759k
    Blend (final) Blend
    $575k
    Owner & transaction history
    Michael Vegas LLC · 9 yrs held
    Michael Vegas LLC
    since 2017
    3 recorded transactions
    2018
    2017
    $5.9M
    1969
    Zoning & alternative use
    C8-1 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message