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524 86th St
Brooklyn, NY 11209
Multifamily Property For Sale · 6 Units

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INVESTMENT HIGHLIGHTS

  • Current Gross Income: Approx. $15,550/month
  • Surrounded by established retail and dining, including Sushi Hana
  • Situated in a vibrant commercial corridor with strong foot traffic
  • Easy access to public transportation and major thoroughfares

EXECUTIVE SUMMARY

An exceptional mixed-use investment opportunity located in the heart of Bay Ridge, Brooklyn. This 6-unit property combines residential, office, and retail components, offering strong current income and upside potential in a high-traffic Business Improvement District (BID).
Built in 1926, the building sits on a 1,600 sqft lot and includes:
4 residential units (3R, 3F, 4R, 4F)
1 office unit (2nd floor)
1 retail storefront (currently Sushi Hana)

PROPERTY FACTS

Price Per Unit $680,914 CAD
Sale Type Investment
Cap Rate 5.76%
Sale Condition 1031 Exchange
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Mid-Rise
Building Class B
Lot Size 0.03 AC
Building Size 4,999 SF
No. Stories 4
Year Built 1926
Zoning C4-2A - a commercial zoning district in New York City that allows for a variety of uses, including commercial buildings, community facilities, and residential

AMENITIES

UNIT AMENITIES

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+1 6 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06051-0027
Land Assessment
$84,756 CAD
Improvements Assessment
$420,043 CAD
Total Assessment
$504,800 CAD
  • Listing ID: 31205986

  • Date on Market: 2024-03-13

  • Last Updated:

  • Address: 524 86th St, Brooklyn, NY 11209

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