526 86th St - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11209- Bay Ridge
$7,000,000 USD
917-539-0402
526 86th St, Brooklyn, NY for Sale
$7,000,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | 5.98% Cap Rate

526 86th St
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • 526-528 86th Street Features FedEx (Lease Through 2032), The Max Challenge, and CKO Kickboxing Plus Two Apartments
  • Located One Block From the 86th Street Subway Station (R Train) and Less Than One Mile From the Verrazano Bridge
  • Properties Surrounded by Major National and Local Retailers in a Highly Desirable South Brooklyn Neighborhood
  • 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 (FedEx) on a fully corporate guaranteed lease. 526-528 86th Street is a four-story mixed-use building on the corner of 86th Street and Gelston Avenue. The building consists of a ground floor retail space leased to FedEx on a lease through 2032, as well as second and third floor retail units, both leased to national fitness chains, The Max Challenge (35 locations) and CKO Kickboxing (150 locations). The property also has two free-market three-bedroom apartments. In addition, this offering is being marketed alongside another mixed-use property on the same block, 514 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

$7,000,000 USD

PRICE/SF

$729 USD /SF

CAP RATE

5.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FedEx Anchored Corner Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C4-2A

APN/PARCEL ID

06051-0028

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.