469 86th St
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469 86th St
2,900 SF 100% Leased Retail Building Brooklyn, NY 11209 £1,804,143 (£622/SF)
Investment Highlights
- First sale in 85 years
- Great Value Add or Owner/User Opportunity
- Best Retail Block in Bay Ridge Brooklyn
Executive Summary
Revived Commercial is proud to bring to market 469 86th Street, which has been family owned since 1938. The subject was once home to the French Art Photo Studio and is now being offered for sale for the first time in 85 years. The building is located on the North Side of 86th Street between 4th and
5th Avenue across the street from the former Century 21 Department Store. The building is situated on a 20’ x 100’ lot with building dimensions of 20’ x 74’ for a total of 2,900 gross square feet. The building is currently vacant; making it an ideal opportunity for retail investors to reposition the asset or end
user to occupy the space. The property features approximately 2,900 SF of space between two floors, a 25’ backyard and a full basement;
offering an attractive location for major retail tenants as rents are averaging over $125.00 a sf within this corridor. The area is
served by various transportation options making it extremely accessible. The 86th St R Subway Station is on the corner of 86th St and 4th Ave. There are several bus lines that operate in close proximity including the B1, B16, S93, S79 and S53. Street parking is available along with a municipal parking garage
located at 87th St and 5th Ave.
5th Avenue across the street from the former Century 21 Department Store. The building is situated on a 20’ x 100’ lot with building dimensions of 20’ x 74’ for a total of 2,900 gross square feet. The building is currently vacant; making it an ideal opportunity for retail investors to reposition the asset or end
user to occupy the space. The property features approximately 2,900 SF of space between two floors, a 25’ backyard and a full basement;
offering an attractive location for major retail tenants as rents are averaging over $125.00 a sf within this corridor. The area is
served by various transportation options making it extremely accessible. The 86th St R Subway Station is on the corner of 86th St and 4th Ave. There are several bus lines that operate in close proximity including the B1, B16, S93, S79 and S53. Street parking is available along with a municipal parking garage
located at 87th St and 5th Ave.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£189,043
|
£2.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£189,043
|
£2.59
|
| Taxes |
£54,360
|
£0.75
|
| Operating Expenses |
£3,922
|
£0.05
|
| Total Expenses |
£58,282
|
£0.80
|
| Net Operating Income |
£130,761
|
£1.79
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £189,043 |
| Annual Per SF | £2.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £189,043 |
| Annual Per SF | £2.59 |
| Taxes | |
|---|---|
| Annual | £54,360 |
| Annual Per SF | £0.75 |
| Operating Expenses | |
|---|---|
| Annual | £3,922 |
| Annual Per SF | £0.05 |
| Total Expenses | |
|---|---|
| Annual | £58,282 |
| Annual Per SF | £0.80 |
| Net Operating Income | |
|---|---|
| Annual | £130,761 |
| Annual Per SF | £1.79 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,900 SF
Building Class
B
Year Built
1938
Construction Status
Proposed
Price
£1,804,143
Price Per SF
£622
Percent Leased
100%
Number of Floors
2
Frontage
20 ft on 86th
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (89)
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
-
Elysa Berlin - Revived Commercial
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469 86th St
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