2480 86Th StBrooklyn, NY 11214

For Sale
$2,250,000

Prime Brooklyn location, high NOI, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use property, located at 2480 86th Street in the vibrant Bensonhurst neighborhood of Brooklyn, New York, presents a compelling investment opportunity. The building, constructed in 1928, boasts a total of 2,340 square feet spread across two stories. Currently operating at 100% occupancy, the property features two tenants: a thriving dim sum bakery on the ground floor and a spacious three-bedroom apartment on the upper level. The asking price is $2,250,000, representing a price per square foot of $961.54 and a strong 3.72% capitalization rate. The current Net Operating Income (NOI) stands at $83,712, providing a solid return on investment. The lease type is NNN (Net, Net, Net), minimizing landlord responsibilities. The property's strong performance and desirable location in Kings County, zip code 11214, make it an attractive addition to any portfolio. The current occupancy is expected to continue until May 23, 2024. This is a rare opportunity to acquire a well-established, income-producing property in a thriving Brooklyn community. The property's history and current success position it for continued growth and profitability.

Highlights

  • $2,250,000 asking price.
  • Mixed-use retail property with restaurant and storefront subtypes.
  • NNN lease, multi-tenant (2 tenants), 100% occupancy.
  • 2,340 square feet, $961.54/sq ft, 3.72% cap rate, $83,712 NOI.
  • Located at 2480 86th St, Brooklyn, NY 11214.
  • Built in 1928, two stories.

Property Details for 2480 86Th St

Property type
Other retail properties, Individual retail properties
Square Feet
2,340 SF
Year Built
1928
Stories
2

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.5978933
Longitude
-73.9876008
2480 86Th St, Brooklyn, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2480 86Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message