Property profile

1619 86Th St Brooklyn, NY 11214

FOR SALE
Drive through restaurants
Property ID
US63-1906603
6,100 SF 0.32 ac lot Built 1930
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

1619 86Th St Brooklyn, NY 11214
Brooklyn metro Census 18000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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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

since 2017
3 recorded transactions
2018
Price N/A
2017
$5.9M
1969
Price N/A

Zoning & alternative use

C8-1 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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
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