514 86th St - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11209- Bay Ridge
$4,500,000 USD
917-539-0402
514 86th St, Brooklyn, NY for Sale
$4,500,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 6% Cap Rate

514 86th St
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • 514 86th Street Includes Starbucks (In Place Since 2007, Lease Through 2027), Huntington Learning Center, and Two Apartments
  • Located One Block From the 86th Street Subway Station (R Train) and Less Than One Mile From the Verrazano Bridge
  • Strong Income-Producing Asset with Credit Tenants and Free-Market Residential Upside
  • Buildings Can Be Purchased Individually or as a Portfolio

OVERVIEW

Marcus & Millichap proudly presents the rare opportunity to acquire a fully occupied mixed-use building on a prime stretch of 86th Street in Brooklyn’s Bay Ridge neighborhood. The property is surrounded by local and national retailers in every direction. The offering provides the opportunity to acquire an asset anchored by a national credit tenant (Starbucks) on a fully corporate guaranteed lease. 514 86th Street it is located one building off the corner of 5th Avenue on one of the busiest blocks in Bay Ridge. This building consists of a ground-floor retail space leased to Starbucks on a corporate-guaranteed lease through 2027. Starbucks has operated at this location since 2007. The second floor is leased to the national tutoring service Huntington Learning Center (300 locations), and the upper floors include two free market, three-bedroom apartments. In addition, this offering is being marketed alongside another mixed-use property on the same block, 526-528 86th Street. The properties can be purchased individually, or as a package. The total offering presents an investor with the rare opportunity to acquire credit-tenant anchored mixed-use properties in one of the best neighborhoods in South Brooklyn. The properties can be purchased individually as well. Bay Ridge is one of the most desirable neighborhoods in Brooklyn. This site is one block from the 86th Street Subway Station (R Train), as well as being ideally positioned right off the BQE (278) and less than one mile.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$549 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Anchored Mixed-Use

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Medical

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,482 SF

ZONING

C4-2A/BR

APN/PARCEL ID

06051-0023

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.