1619 86Th St, Brooklyn, NY 11214
For Sale
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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.
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Golden Palace Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C8-1 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.