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2061-2063 86th St 8,200 SF Retail Building Brooklyn, NY 11214 $8,021,050 CAD ($978.18 CAD/SF) 6.61% Cap Rate
Executive Summary
• Located on the “right side of the street” on one of the busiest retail blocks in Bensonhurst.
• Situated on a 40’ x 100’ plot of land, improved by a 3-story 8,280 SF retail building.
• The 3-story building includes a high ceiling retail store. The fully sprinklered second floor and basement are used for storage allowing the first floor to be used exclusively for selling space. The third floor is not used.
• Currently occupied by Foot Locker Retail, Inc. on a net lease that runs thru January 2031.
• The extension beginning February 2026 was very recently negotiated and executed. Foot Locker has been a tenant there since 2010.
• While Foot Locker has been closing underperforming stores, they have elected to extend their occupancy at this location. Foot Locker has over 2,000 stores, Foot Locker was acquired by Dick's Sporting Goods (NYSE-DKS) for $2.4 Billion in September 2025.
• Surrounded by multiple bus stops. Subway entrance is down the block by 20th Avenue. Municipal Parking lot is directly across the street. High vehicular, subway and pedestrian counts.
• Neighboring tenants include Bank of America, Chipotle, TD Bank, City MD, two Chase Banks, Citibank, AT&T, Carter’s/OshKosh, Gap and many other national and local retailers, restaurants, banks, and health care facilities.
• The available/unused air rights for residential, commercial or community facility use further enhance the opportunity.
• Situated on a 40’ x 100’ plot of land, improved by a 3-story 8,280 SF retail building.
• The 3-story building includes a high ceiling retail store. The fully sprinklered second floor and basement are used for storage allowing the first floor to be used exclusively for selling space. The third floor is not used.
• Currently occupied by Foot Locker Retail, Inc. on a net lease that runs thru January 2031.
• The extension beginning February 2026 was very recently negotiated and executed. Foot Locker has been a tenant there since 2010.
• While Foot Locker has been closing underperforming stores, they have elected to extend their occupancy at this location. Foot Locker has over 2,000 stores, Foot Locker was acquired by Dick's Sporting Goods (NYSE-DKS) for $2.4 Billion in September 2025.
• Surrounded by multiple bus stops. Subway entrance is down the block by 20th Avenue. Municipal Parking lot is directly across the street. High vehicular, subway and pedestrian counts.
• Neighboring tenants include Bank of America, Chipotle, TD Bank, City MD, two Chase Banks, Citibank, AT&T, Carter’s/OshKosh, Gap and many other national and local retailers, restaurants, banks, and health care facilities.
• The available/unused air rights for residential, commercial or community facility use further enhance the opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,200 SF
Building Class
C
Year Built/Renovated
1932/2010
Price
$8,021,050 CAD
Price Per SF
$978.18 CAD
Cap Rate
6.61%
NOI
$530,205 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.09
Lot Size
0.09 AC
Zoning
C4-2 - 2 General commercial contextual zoning district
Frontage
40’ on 86th ST
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
- Signage
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06346-0054 | Improvements Assessment | $2,593,926 CAD |
| Land Assessment | $154,167 CAD | Total Assessment | $2,748,093 CAD |
Property Taxes
Parcel Number
06346-0054
Land Assessment
$154,167 CAD
Improvements Assessment
$2,593,926 CAD
Total Assessment
$2,748,093 CAD
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2061-2063 86th St
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