2384 86th St - Freestanding FOR SALE


Brooklyn, NY 11214- Gravesend
$17,900,000 USD
917-662-8999
2384 86th St, Brooklyn, NY for Sale
$17,900,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

2384 86th St
Brooklyn, NY 11214
Gravesend


HIGHLIGHTS

  • High Visibility: Rare 193-foot frontage along one of Brooklyn’s busiest retail corridors
  • Flexible Use: Large ground-floor and basement footprint ideal for owner-users, flagship retail, or repositioning
  • Value-Add Upside: Below-market rents and vacancy offer strong NOI growth potential
  • Strategic Location: Transit access, dense demographics, and ongoing neighborhood development support long-term demand
  • Strong foot and vehicular traffic

OVERVIEW

eXp Realty is pleased to exclusively present the sale of 2362–84 86th Street, Brooklyn, NY, a highly visible commercial asset located along Bensonhurst’s most active and established retail corridor. The property sits on a 15,440 SF lot and features approximately 12,130 SF of ground-floor retail space plus 12,130 SF of basement space, offering exceptional scale and flexibility for a wide range of retail, user, or investment strategies. With approximately 193 feet of continuous storefront frontage on 86th Street, one of Brooklyn’s premier shopping streets, the asset provides outstanding exposure, signage potential, and long-term value. Prime Retail Location Positioned within a dense commercial hub, the property is surrounded by a strong lineup of national and regional tenants, including major banks, quick-service restaurants, and well-known retailers. This stretch of 86th Street consistently benefits from heavy foot and vehicular traffic, driven by a large residential population and ongoing neighborhood development. The property enjoys excellent accessibility, with close proximity to the Bay Parkway and 25th Avenue 86th Street subway stations (D line), along with convenient access to the Belt Parkway—making it easily reachable for both local customers and destination traffic. Asset Overview One-story commercial building Eight retail units 193 feet of prime frontage on 86th Street 15,440 SF lot Strong foot and vehicular traffic User / Investor Opportunity A substantial portion of the building—approximately 6,938 square feet—is currently vacant, creating a rare opportunity for an owner-user, national retailer, or investor seeking immediate occupancy or value-add leasing upside. The vacant space offers flexibility for single-tenant or multi-tenant configurations, subject to layout and zoning. Additionally, in-place rents remain below market, providing investors with a clear path to enhanced income through lease-up and rent repositioning. Investment Highlights High Visibility: Rare 193-foot frontage along one of Brooklyn’s busiest retail corridors Flexible Use: Large ground-floor and basement footprint ideal for owner-users, flagship retail, or repositioning Value-Add Upside: Below-market rents and vacancy offer strong NOI growth potential Strategic Location: Transit access, dense demographics, and ongoing neighborhood development support long-term demand This offering represents a compelling opportunity to acquire a high-profile retail asset with immediate usability and long-term upside in one of Brooklyn’s most established commercial districts. Contact exclusive agents for additional information, rent roll, and property details.

FOR SALE DETAILS

PRICE

$17,900,000 USD

PRICE/SF

$1,476 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C1-3

APN/PARCEL ID

06863-0038

ASK ABOUT THIS PROPERTY

Kevin MaeXp CommercialMore Info
917-662-8999

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917-662-8999

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