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367 86th St
Brooklyn, NY 11209
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Prime Location in Bay Ridge
- Full Finished Basement
- All-Brick Building
- 6-Family Property Building Size: 5,100 Sq. Ft.
EXECUTIVE SUMMARY
Prime Bay Ridge Location – 86th Street between 3rd and 4th Avenue.
This all-brick, six-family building in the highly desired Bay Ridge neighborhood presents an exceptional investment. Featuring five two-bedroom apartments and one one-bedroom apartment, plus a full basement, this property offers flexible living arrangements with consistent rental income potential. The building itself measures 20 x 85 feet, situated on a 20 x 150-foot lot, providing ample space and enhancing its appeal. Bay Ridge’s charm is further highlighted by nearby parks that offer a wealth of outdoor
and recreational activities. Just one block from bustling shopping, dining, and entertainment options, this property is ideally located half a block from public transportation, including the R train and multiple bus lines, making commuting a breeze. The property is also conveniently accessible to the Belt Parkway, Brooklyn Queens Expressway, and Verrazano Bridge, ensuring smooth commutes across the city.
Additionally, diverse dining options, shopping centers, grocery stores and transportation hubs are all within close reach, making this an unbeatable location for tenants and investors alike. This is a good opportunity to own a solid, income-generating asset in one of Bay Ridge’s most vibrant and desirable neighborhoods
This all-brick, six-family building in the highly desired Bay Ridge neighborhood presents an exceptional investment. Featuring five two-bedroom apartments and one one-bedroom apartment, plus a full basement, this property offers flexible living arrangements with consistent rental income potential. The building itself measures 20 x 85 feet, situated on a 20 x 150-foot lot, providing ample space and enhancing its appeal. Bay Ridge’s charm is further highlighted by nearby parks that offer a wealth of outdoor
and recreational activities. Just one block from bustling shopping, dining, and entertainment options, this property is ideally located half a block from public transportation, including the R train and multiple bus lines, making commuting a breeze. The property is also conveniently accessible to the Belt Parkway, Brooklyn Queens Expressway, and Verrazano Bridge, ensuring smooth commutes across the city.
Additionally, diverse dining options, shopping centers, grocery stores and transportation hubs are all within close reach, making this an unbeatable location for tenants and investors alike. This is a good opportunity to own a solid, income-generating asset in one of Bay Ridge’s most vibrant and desirable neighborhoods
PROPERTY FACTS
| Price Per Unit | $320,780 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.59% | Lot Size | 0.07 AC |
| No. Units | 6 | Building Size | 5,100 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1921 |
| Zoning | R5B - R5 - Medium density district with a height limit of 40 feet | ||
| Price Per Unit | $320,780 CAD |
| Sale Type | Investment |
| Cap Rate | 4.59% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 5,100 SF |
| No. Stories | 3 |
| Year Built | 1921 |
| Zoning | R5B - R5 - Medium density district with a height limit of 40 feet |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Basement
SITE AMENITIES
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 850 |
PROPERTY TAXES
| Parcel Number | 06034-0056 | Improvements Assessment | $581,528 CAD |
| Land Assessment | $11,136 CAD | Total Assessment | $592,663 CAD |
PROPERTY TAXES
Parcel Number
06034-0056
Land Assessment
$11,136 CAD
Improvements Assessment
$581,528 CAD
Total Assessment
$592,663 CAD
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