Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2164 86th St Brooklyn, NY 11214-3213

    • Drive through restaurants
    • 6,786 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Apr 02, 2025
    Value Estimations
    $4,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2651160
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Burger King / Restaurant / Fast Food Restaurant

    Property Details for 2164 86th St

    Year built
    1931
    Lot size
    0.11 lot acres
    Property size
    6,786 SF
    Zone code
    C4-2
    Property type
    Drive through restaurants
    APN
    06380-0038
    APU
    63800038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,050,000
      ML approach
      $4,050,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9947
    Latitude
    40.6021
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $118,415
    $203,400
    $1,229,850
    $1,433,250
    -
    $452,000
    $2,733,000
    $3,185,000

    Comparable in this City

    • Value Estimation
      $535,000
      4,814 SF

      2401 86th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,814 SF
      2401 86th St, Brooklyn, NY 11214
      View Details
    • Value Estimation
      $395,000
      6,100 SF

      1619 86th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,100 SF
      1619 86th St, Brooklyn, NY 11214-2815
      View Details
    • Value Estimation
      $560,000
      3,968 SF

      1602 Shr Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,968 SF
      1602 Shr Pkwy, Brooklyn, NY 11214-6404
      View Details
    • Value Estimation
      $435,000
      1,610 SF

      2010 86th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,610 SF
      2010 86th St, Brooklyn, NY 11214-3204
      View Details
    • Value Estimation
      $2,350,000
      3,288 SF

      2940 Cropsey Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,288 SF
      2940 Cropsey Ave, Brooklyn, NY 11214-7219
      View Details
    • Value Estimation by Request
      15,900 SF

      1750 86Th St

      Day care centers • 15,900 SF
      1750 86Th St, Brooklyn, NY 11214
      View Details

    Similar Nearby for Sale

    • $1,888,888

      Brooklyn Commercial Property with Restaurant

      Income-producing restaurant with apartment near D train.
      2480 86Th St, Brooklyn, NY 11214
      View Details
    • $2,850,000
      3,466 SF

      Bensonhurst Commercial Gem

      Prime location, versatile space, high visibility
      8234 18Th Ave, Brooklyn, NY 11214
      View Details
    • $1,298,000

      Bensonhurst Mixed-Use Investment Property

      Fully tenanted mixed-use property with immediate cash flow in Brooklyn.
      7507 New Utrecht Ave, Brooklyn, NY 11214
      View Details
    • $10,050,000
      6,100 SF

      Brooklyn Restaurant Investment Opportunity

      High-ROI Restaurant w/ Parking, 9-Year Lease
      1619 86Th St, Brooklyn, NY 11214
      View Details
    • $60,000
      900 SF

      Prime Brooklyn Restaurant Space

      Bath Ave Restaurant - $60K
      1926 Bath Ave, Brooklyn, NY 11214
      View Details
    • $5,988,000
      14,500 SF

      Bensonhurst Commercial Gem

      Prime Brooklyn location, high potential
      1857 86Th St, Brooklyn, NY 11214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,343 SF

      Ceasar's Bay Retail Center

      Brooklyn Shopping Center: Prime Retail Space Available
      0 Bay St, Brooklyn, NY 11214
      View Details
    • $54 SF/Yr
      3,000 SF

      Benson Ave Retail Space - Brooklyn

      Prime Brooklyn Retail, 3000 sq ft
      1755 Benson Ave, Brooklyn, NY 11214
      View Details
    • $17 SF/Yr
      1,674 SF

      Bath Avenue Retail Space For Lease

      Prime Bath Beach location, 1674 sq ft retail space.
      1660 Bath Ave, Brooklyn, NY 11214
      View Details
    • $13,000 /Mo
      9,923 SF

      Spacious Warehouse in Bensonhurst/Bath Beach

      Commercial warehouse for lease in prime Bensonhurst/Bath Beach area.
      8733 18Th Ave, Brooklyn, NY 11214
      View Details
    • $82 SF/Yr
      1,000 SF

      Bensonhurst Retail Space For Lease

      Prime Brooklyn location, 1,000 sq ft retail space.
      8418 18Th Ave, Brooklyn, NY 11214
      View Details
    • $50 SF/Yr
      329,522 SF

      Prime Brooklyn Retail Space

      Huge Retail Space - Available Now
      2286 Cropsey Ave, Brooklyn, NY 11214
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2164 86th St
    Brooklyn, NY 11214-3213
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.