518 86th Street

Brooklyn, NY, 11209

$3,499,995

$707 per ft²
$3,499,995
$707 per ft²
Active
Active
 - For Sale
carpenters-square
4,950 ft²
property_type
Commercial
calendar
Built 1926
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 facade. 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.
MLS® ID:
1156662
Updated:
8/11/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Apartment, Medical/Dental, Mixed Use, Office, Restaurant, Retail
Heating
Steam

Exterior/Building Features

Lot Size
1,600 ft² lot
Sewer
City

Other Property Details

Area Name
Bay Ridge
Taxes
$16667.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Kings
Utilities
220
Pool
No
Zoning
C4-2

Courtesy of Robert DeFalco Realty, Inc.

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