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705 86th St 12,000 SF 57% Leased Office Building Brooklyn, NY 11228 $5,427,337 CAD ($452.28 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Exceptional visibility, high foot traffic, and convenient access to transportation, fine dining, and upscale retail.
- With high visibility, easy access, and immediate income potential, this property is an ideal addition to any investment portfolio.
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity in one of Brooklyn's most desirable neighborhoods. This grand all-brick mixed-use 54X76 building in Dyker Heights spans over 12,000 sq. ft. and offers a strong mix of commercial and residential income. The property features 6 office suites and two spacious 2-bedroom residential units, making it ideal for investors or owner-users seeking immediate cash flow with long-term upside. Zoned C4-2A, the building is well-suited for medical office, retail or mixed-use redevelopment, providing flexibility for a variety of business and investment opportunities. Perfectly positioned along a vibrant commercial corridor, this property offers exceptional visibility, high foot traffic, and convenient access to transportation, fine dining, and upscale retail. With high visibility, easy access, and immediate income potential, this property is an ideal addition to any investment portfolio. Contact Lana Noll at 929-433-9563 for more information
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$420,768
|
$35.06
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$93,947
|
$7.83
|
| Net Operating Income |
$326,821
|
$27.24
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $420,768 |
| Annual Per SF | $35.06 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $93,947 |
| Annual Per SF | $7.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $326,821 |
| Annual Per SF | $27.24 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
12,000 SF
Building Class
B
Year Built
1994
Price
$5,427,337 CAD
Price Per SF
$452.28 CAD
Cap Rate
7%
NOI
$379,914 CAD
Percent Leased
57%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,000 SF
Building FAR
2.30
Lot Size
0.12 AC
Zoning
C4-2A - Commercial & office buildings: Office only - 2-6 stories
AMENITIES
- Security System
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 06037-0065 | Improvements Assessment | $394,807 CAD (2025) |
| Land Assessment | $308,266 CAD (2025) | Total Assessment | $703,073 CAD (2025) |
PROPERTY TAXES
Parcel Number
06037-0065
Land Assessment
$308,266 CAD (2025)
Improvements Assessment
$394,807 CAD (2025)
Total Assessment
$703,073 CAD (2025)
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705 86th St
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