$4,000,000
Updated 10 years ago
Sold

526 86th Street

Fort Hamilton, Brooklyn | 5th Ave & Gelston Ave

9,600 Square FeetRental Property

$4,000,000
floors / apts4 / 2
Lot Size33'x80'
Built Size33'x74'
ZoneC4-2A
Building TypeLow-Rise
Price Per SF
$417

Building Amenities

  • Voice Intercom

Property Description for 526 86th Street

The subject property is a 4-story, approximately 9,600 square foot mixed-use building located on the southwest corner of 86th Street and Gelston Avenue in Bay Ridge, Brooklyn. In addition to being located within the heart of the retail corridor of Bay Ridge, the property benefits from tremendous visibility from the street as it has 33' of frontage along 86th Street. The building consists of 3 commercial units and 2 residential units on the 5th floor, all spanning approximately 2,400 square feet each over four floors. Mothers Work Inc. holds a lease for the first floor commercial space through May of 2014 while the second and third floor commercial units are both currently vacant. One of the residential units is leased through June 30, 2012 for $1,400 per month while the other is currently occupied by a company employee. The potential gross annual income is approximately $363,800.

Listing History for 526 86th Street

Now
08/13/2013
$4,000,000
Sold and Closed by Michael Mazzara
Cushman & Wakefield
01/09/2013
Contract Signed by Stephen Palmese
Cushman & Wakefield

Building Details for 526 86th Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1926
Floors/Apts4/2
Learn More About the Building

Transit and Citi Bike

Subway

86 St
0.19 miles
Bay Ridge-95 St
0.41 miles

Citi Bike

Fort Hamilton Pkwy & 85 St
0.09 miles
5 Ave & 88 St
0.1 miles

Contact Agents

Contact Agents

Michael Mazzara
Cushman & Wakefield
Winfield Clifford
Cushman & Wakefield

Fort Hamilton | Brooklyn

Quick Profile

Fort Hamilton has the unique distinction of being both a military base and a neighborhood in Brooklyn. Well, technically it’s a sub-neighborhood of Bay Ridge.

Named after founding father Alexander Hamilton, the neighborhood sits in the southwestern corner of Brooklyn and it’s about a square mile in size (give or take). Its boundaries are 86th Street to the north, Belt Parkway and Fort Hamilton military installation to the south, 7th Avenue to the east, and Shore Road to the west.

The area was originally inhabited by the Canarsie Indians and later settled by the Dutch in 1620. A few decades later, thanks to land grants from Governor Peter Stuyvesant, Cornelius Van Werckhoven from the Netherlands purchased what is now Bay Ridge and Fort Hamilton for a very small amount of money.

The area remained an isolated stretch of rural land until the electric trolley line was introduced to Brooklyn in 1892. The trolley connected various points of Brooklyn and Fort Hamilton soon flourished. .

Fort Hamilton and Bay Ridge experienced waves of immigration and just like other areas of New York City it became a true melting pot. Irish and Italians immigrants made their way to the neighborhood in the early part of the 20th century followed by Syrian and Lebanese immigrants in the 1950s. More recently, Asian and Arab-Americans call Fort Hamilton home.

Modern-day Fort Hamilton may not have the cool factor that other Brooklyn neighborhoods flaunt but there are many trade-offs. It offers tree-lined streets and friendly neighbors. Most residents will tell you it has a small-town feel with the added perk of affordable housing. Fort Hamilton’s proximity to the Verrazano-Narrows Bridge and access to Manhattan-bound trains make it a very commutable neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 44051TH