$3,150,000
518 86th Street
Brooklyn, NY 11209
MLS# 2400746
Status: Closed
4950 sqft
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Property Description
Outstanding Investment Opportunity with high income and low real estate taxes. Great Candidate for 1031 Exchange! Situated on 86th Street in Bay Ridge, one of Brooklyn's busiest commercial corridors. Boasting an extremely high traffic location, this well-maintained mixed use 4 story building, plus full finished basement, under-went an extensive gut renovation in 1996 including water main, sewer line, electric & gas services and interior electrical & plumbing lines. Additional renovations include interior & exterior concrete work and completely new building façade. Retail space is vented, equipped with central air and underwent recent renovations (2019), making it especially well-suited for any type of food establishment but with the potential to be utilized for any retail purpose including medical or professional use. Commercial space includes 1,350 sq ft ground floor w/11' ceilings + 1,350 sq ft fully finished and tiled basement with clear 8' ceiling height, half bath, office space, floor drains, grease trap and hydraulic lift to ground floor - a total of 2,700 usable sq ft. This building offers an excellent opportunity for owner/user. The property also contains 'FREE MARKET' residential units. Agent has partnership interest in property.

Details
Maps
Documents
Address/Legal
Section: N/A
Contract/Location Information
List Price/SqFt: 676.77
Sale/Lease: Sale
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: Yes
General Property Info
# of Buildings: 1
Stories: 4
Taxes: 16759
Tax Abated: No
Lot Size SqFt: 1600
Year Built Info: Approx
Lot Dim: 20x80
Irregular: No
Air Conditioner: Central
# of A/C Units: 2
Condition: Excellent
Garage Capacity: 0
# of Parking Spaces: 0
Lease Purchase: No
# of Residential Units: 2
# of Commercial Units: 1
# of Mfg Units: 0
# of Medical Units: 0
# of Non-Conform Units: 0
Public Remarks: Outstanding Investment Opportunity with high income and low real estate taxes. Great Candidate for 1031 Exchange! Situated on 86th Street in Bay Ridge, one of Brooklyn's busiest commercial corridors. Boasting an extremely high traffic location, this well-maintained mixed use 4 story building, plus full finished basement, under-went an extensive gut renovation in 1996 including water main, sewer line, electric & gas services and interior electrical & plumbing lines. Additional renovations include interior & exterior concrete work and completely new building façade. Retail space is vented, equipped with central air and underwent recent renovations (2019), making it especially well-suited for any type of food establishment but with the potential to be utilized for any retail purpose including medical or professional use. Commercial space includes 1,350 sq ft ground floor w/11' ceilings + 1,350 sq ft fully finished and tiled basement with clear 8' ceiling height, half bath, office space, floor drains, grease trap and hydraulic lift to ground floor - a total of 2,700 usable sq ft. This building offers an excellent opportunity for owner/user. The property also contains 'FREE MARKET' residential units. Agent has partnership interest in property.
Year Built: 1926
Building SqFt: 4950
Status Change Info
Projected Close Date: 2024-04-30
Pending Date: 2024-02-22
Sold Date: 2024-04-11
Sold Price: $3,150,000
Sewer
City: 1
Electric
220: 1
Showing Instructions
Call Agent: 1
Heat Source
Gas: 1
Heat System
Steam: 1
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Income & Expense
Gross Income: 0
Total Expense: 0
Net Income: 0
Features
Apartment: 1
Medical/Dental: 1
Mixed Use: 1
Office: 1
Restaurant: 1
Retail: 1
Building Info
Building Available SqFt: 4950
Retail Available SqFt: 1350
Retail Ceiling Height: 11
Sprinklers: No
Construction
Masonry: 1
AddressLegal
Street No.: 518
Street Name: 86th
Street Suffix: Street
County: Kings
State: NY
Zip Code: 11209
Area Name: Bay Ridge
Parcel ID: 06051-0025
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2024-02-08
Sold Price: $3,150,000
Current Price: $3,150,000
Sub-Type: Commercial
Zoning: C4-2
Block: 06051
Lot: 0025
Property Features
Electric Meters: Individual
Gas Meters: Individual
Heat Source: Gas
Heat System: Steam
Showing Instructions: Call Agent
Electric: 220
Features: Apartment; Medical/Dental; Mixed Use; Office; Restaurant; Retail
Construction: Masonry
Listing Courtesy of Robert DeFalco Realty, Inc.

Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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