1435 86th St
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1435 86th St
21,500 SF 70% Leased Office Building Brooklyn, NY 11228 £11,726,929 (£545/SF) 6.99% Net Initial Yield
Investment Highlights
- Elevator
- Davita Space newly renovated
- New HVAC + Roof
Executive Summary
- Brand new elevator
- Davita space was newly renovated 2019
- Davita 15 year lease with 10% bumps every 5 years (NNN). Corp. guaranteed lease.
- Lease expires January 31, 2038 + two 5 year option.
- Brand new elevator that goes from lower level to top floor. Brand New Roof.
- Davita pays 100% of snow removal.
- New HVAC and roof.
- Floor plans available upon request.
*$18,360 parking contract increases 2% annually
- Davita space was newly renovated 2019
- Davita 15 year lease with 10% bumps every 5 years (NNN). Corp. guaranteed lease.
- Lease expires January 31, 2038 + two 5 year option.
- Brand new elevator that goes from lower level to top floor. Brand New Roof.
- Davita pays 100% of snow removal.
- New HVAC and roof.
- Floor plans available upon request.
*$18,360 parking contract increases 2% annually
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
21,500 SF
Building Class
C
Year Built
2007
Price
£11,726,929
Price Per SF
£545
Net Initial Yield
6.99%
NOI
£819,203
Percent Leased
70%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
6,500 SF
Building FAR
1.76
Land Acres
0.28 AC
Zoning
R4 - Low density residential district
Parking
3 Spaces (0.14 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Storage Space
- Lift Access
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This is second floor of a medical building. New elevators, New HVAC.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste Entire Fl | 6,500 SF | Office/Medical | Partial Build-Out | Now |
2nd Fl-Ste Entire Fl
| Size |
| 6,500 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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2nd Fl-Ste Entire Fl
| Size | 6,500 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
This is second floor of a medical building. New elevators, New HVAC.
1 of 1
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 06340-0060 | Improvements Assessment | £2,625,499 (2024) |
| Land Assessment | £254,149 (2024) | Total Assessment | £2,879,648 (2024) |
PROPERTY TAXES
Parcel Number
06340-0060
Land Assessment
£254,149 (2024)
Improvements Assessment
£2,625,499 (2024)
Total Assessment
£2,879,648 (2024)
-
Richard Guarino -
Friedman-Roth Realty
1 of 7
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1435 86th St
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