Seller Financing
Address
518 86th Street Brooklyn, NY
Price
$ 3,695,000
Property Attributes
  • MLS#453429
  • TypeCommercial
  • CountyKINGS
  • CityBrooklyn
  • AreaBrooklyn
  • NeighborhoodBay Ridge
  • Zip11209
  • StyleCommercial
  • Taxes$ 16667
  • Price$ 3,695,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4950
  • Lot Size1,600 SqFt
Listing Provided Courtesy Of:
Angelo Saraniero with Robert Defalco Realty
Data Source:
Brooklyn MLS (BNYMLS) - 224 - NY
Property Description

21103RM: 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 fa├žade. 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.

Price History
6/29/2021 Listed $3,695,000

General Features

Borough Brooklyn
Building Type Attached
Ceiling Height 11-15 Foot, 8-10 Foot
Current Use Retail
Electric 220 V
Equipment Included Call L/A for details.
Flooring Ceramic, Concrete, Hardwood
MLS Area Bay Ridge
Number Of Stores 1
Property Type Commercial
Roof Flat
Sub Type Commercial
Utilities Gas
Zoning C4-2a

Interior Features

Ac Units 2
Basement Amenities Finished, Full
Commercial Features Exterior Storm Drains
Commercial Features Interior Heated, Intercom, Kitchen, Restrooms - Public, Restrooms - Staff
Heating Fuel Gas
Lavatories 4+
Unit Count 1
Walls Masonry, Plaster, Sheet Rock

Exterior Features

Exterior Brick, Stucco
Foundation Poured Concrete
Loading Docks None
Lot Size Length 80
Lot Size Width 20
Lot Sq Ft 1600
Parking Attrib None
Potential Use Health Care, Office, Restaurant, Retail

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 11209

Price
AVG $590K
$3.7M
Taxes
AVG $11,900
$16,667
Visits
AVG 46
55
Walkscore
AVG 97
98
Data Provided by Walkscore ® not using MLS data

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