$4,800,000
Updated 3 years ago
Off Market

705 86th Street

Bay Ridge, Brooklyn | Dahlgren Place & Battery Ave

4 Beds12,399 Square FeetIncome Property

$4,800,000
floors / apts3 / 2
Lot Size35'3"x89'3"
Built Size35'3" wide
ZoneC4-2A
Building TypeLow-Rise
RE Taxes$64,962
Price Per SF
$387

Building Amenities

  • Voice Intercom
  • Elevator

Property Description for 705 86th Street

Hello investors and mixed-use property lovers: May I have your attention please. One of Bay Ridge's top investment properties is up for sale right now, full brick 3 story building on a double lot (703 - 705) located on one of the busiest streets in Brooklyn, 86th Street, 1 elevator. 6 commecial (medical / professional office suites), plus 2 apartments, 4 rooms, 2 bedrooms each. fully occupied investment property with NO vacancies, parking space behind the building for 2 cars. Excellent yearly gross income $269,352 with more potential. Close to everything, Verrazano bridge, Brooklyn Queens Expressway, Belt Parkway, Dyker Gulf course and 86th Street shopping strip. High potential investment property that can make you lose sleep at night by just thinking about the possibilities. So, what are you waiting for Mr. Investor? Hurry, please call now and find out yourself how this investment property can make you sleepless!!!

Listing History for 705 86th Street

Now
01/05/2024
POM by Samy Hassan
Century 21 Achievers
2024

Building Details for 705 86th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessElevator
Year Built1961
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

86 St
0.44 miles

Citi Bike

Fort Hamilton Pkwy & 85 St
0.18 miles

Contact Agent

Contact Agent

Samy Hassan
Century 21 Achievers

Bay Ridge | Brooklyn

Lush front yards and trimmed hedges are pretty common in Bay Ridge.

Quick Profile

Bay Ridge is an old-world neighborhood neatly tucked into the southwest corner of Brooklyn within the shadows of the Verrazano Bridge. The neighborhood is encircled by the Belt Parkway along the shore line and the Gowanus Expressway inland.

Bay Ridge, long known for its generational pull, has historically been home to a diverse number of ethnic groups. While the area is flush with people of Irish, Italian and Greek descent, these ethnic communities have been joined by larger numbers of new groups, including people with Russian, Polish, Asian and Middle Eastern backgrounds. The Arab American community today in Bay Ridge represents the largest concentration of Arab Americans in New York City.

For many years, Bay Ridge and its waterside location, would attract the affluent. But most of the mansions that once lined Shore Road are long gone and have been replaced by six-story apartment buildings.  

Aside from the low-rise apartment buildings, the neighborhood pretty much consists of one and two-family homes. Lush front yards and trimmed hedges are pretty common here.  

Current zoning and limitations on building heights restrict any out of the norm development. At present, the future beholds small development on some of the commercial strips and teardowns of older homes for smaller residential projects.

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: 90241TH