1619 86Th StBrooklyn, NY 11214

For Sale
$10,050,000

High-ROI Restaurant w/ Parking, 9-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Exceptional Brooklyn investment opportunity: 6,100 SF building on a 19,729 SF lot.
  • Triple-net leased to established restaurant with nine years remaining on a 15-year lease.
  • 4% cap rate and $408,000 NOI.
  • 11-15 foot ceiling heights.
  • C8-1/R5 zoning allows for multiple uses and redevelopment.
  • $10,050,000 asking price.

Property Details for 1619 86Th St

Property type
Other specialty properties, Other retail properties
Square Feet
6,100 SF
Stories
1
Units
1

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.6099789
Longitude
-74.0066812
1619 86Th St, Brooklyn, New York

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1619 86Th St
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