Investment Overview
Introducing a prime investment opportunity at 2362-2384 86th Street, Brooklyn, NY. This 12,130 SF building boasts 8 units, offering a lucrative proposition for retail industry investors. Built in 1960 and zoned C1-3, this property presents a versatile opportunity in a high-traffic area. With a 42% occupancy rate, there is significant potential for increased returns. Don't miss the chance to capitalize on this sought-after location in the heart of Brooklyn's thriving commercial district.
Investment Highlights
- Investment Highlights
- • Prime 86th Street Retail Corridor
- Located on Bensonhurst’s most active commercial street, widely recognized as Brooklyn’s New Chinatown, a high-demand retail destination with strong pedestrian traffic and consistent consumer activity.
- • Large Lot Size – 15,440 SF
- Rare opportunity to acquire a substantial commercial footprint along one of Brooklyn’s most established retail corridors.
- • Exceptional Retail Frontage – 193 Feet
- Approximately 193 feet of continuous storefront frontage along 86th Street, offering outstanding visibility, signage exposure, and branding opportunities.
- • Significant Building Size – 24,260 SF Total
- Approximately 12,130 SF of ground-floor retail plus 12,130 SF of basement space, providing flexible layouts for large-format retail, multi-tenant configurations, or experiential retail concepts.
- • Owner-User Opportunity
- Approximately 6,938 SF currently vacant, allowing for immediate occupancy for retailers, medical users, or service operators seeking a flagship presence in a high-traffic retail corridor.
- • Value-Add Leasing Potential
- Existing rents are below current market levels, providing investors with a clear opportunity to increase income through lease-up and rental repositioning.
- • Dense Residential Population
- The surrounding Bensonhurst neighborhood features strong population density and stable long-term residency, supporting consistent retail demand and foot traffic.
- • Excellent Transportation Access
- Convenient access to the D subway line at Bay Parkway and 25th Avenue, as well as the Belt Parkway, providing strong connectivity across Brooklyn and Manhattan.
- • Strategic Retail Hub Serving South Brooklyn
- 86th Street serves as a primary commercial destination for Bensonhurst, Dyker Heights, Gravesend, and Bath Beach, drawing shoppers and diners from across South Brooklyn.
- • Rare Scale Asset in a Supply-Constrained Market
- Large retail properties with this amount of frontage and lot size rarely trade along the 86th Street corridor, creating a compelling opportunity for investors seeking long-term appreciation in Brooklyn.