2149-2151 86th St Brooklyn, NY 11214
- Investment properties
- 9,600 SF
- 0.09 lot acres
Current Use by Public Records
- Investment properties
Property Details for 2149-2151 86th St
- Year built
- 1931
- Lot size
- 0.09 lot acres
- Property size
- 9,600 SF
- Zone code
- C4-2
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 06347-0057
- APU
- 63470057
Description
This exceptional investment opportunity presents a 10,000-square-foot retail building currently occupied by CVS Pharmacy under a net lease expiring December 30, 2025. Situated on a prominent 40' x 100' lot (4,000 sq ft) in prime Bensonhurst, Brooklyn, at 2149-2151 86th Street, 11214, this two-story building boasts 9,600 square feet of retail space plus 400 square feet of sidewalk space. The property features a full basement accessible via an internal staircase and wheelchair lift, and a second floor with office space, a conference/lunch room, and storage. Its location at a major intersection in Southern Brooklyn ensures exceptional visibility and high foot, vehicle, and subway traffic. The surrounding area includes a strong tenant mix of national banks and retailers such as TD Bank, City MD, Chase Bank, Citibank, AT&T, Carter's/Osh Kosh, and Gap. The property is zoned C4-2 and offers unused air rights for potential future development. This high-volume retail space stands out among other buildings on the block, making it a compelling investment with a 5.40% cap rate and an occupancy date of January 1, 2026. The building's size and location, combined with the strong tenant and surrounding businesses, present a rare opportunity for significant return on investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9945
- Latitude
- 40.6027
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
