675 86th Street.indd - Agorafy
675 86th Street Brooklyn, NY DYKER HEIGHTS
66-Unit Elevator Residential Building For Sale FOR SALE Building Features
R
R
675 86th Street
Address:
675 86th Street, Brooklyn, NY 11228
Block / Lot:
6037 / 77
Lot Dimensions:
151.56’ x 101’ (approx.)
Lot Size:
15,100 sq. ft. (approx.)
Building Dimensions:
151.5’ x 79’
Stories:
6
Residential Units:
66
Gross SF:
64,200 sq. ft. (approx.)
Net SF:
47,600 sq. ft. (approx.)
Zoning / FAR:
C4-2A / 3.00
Total Buildable SF:
45,300 sq. ft. (approx.)
Minus Existing ZFA:
64,200 sq. ft. (approx.)
Available Air Rights:
Overbuilt sq. ft. (approx.)
Assessment (15/16):
$563,850
Taxes (15/16):
$72,843
Property Highlights Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 675 86th Street, 66-unit multifamily building located on the north side of the street between Gatling Place and Bravo Boulevard in Dyker Heights, Brooklyn. The elevatored property stands 6-stories tall with a full unfinished garden level, presenting a great opportunity for an investor to add value.
R
101’
101’
BR
6037
151.56’
77
OU OB AV
A LEV
RD
85 STREET
151.56’
675 86th Street generates a healthy NOI with a unit mix comprised of 27 studios and 39 one-bedroom apartments. Fifty-seven (57) units are rent stabilized, three (3) units are rent controlled, one (1) unit is free market status, four (4) units are vacant, and one (1) unit is the Super’s unit. The property measures approximately 151.5’ x 79.0’ and approximately 64,200 square feet, plus an additional approximately 10,700 square feet in the unfinished garden level. Tenants will benefit from the property’s unique location. Situated only a few blocks from the R train, 86th St. retail corridor, and almost immediate access to the BQE, this property is ideally located for commuters and families alike. Additionally, the building’s elevated location provides many units with terrific views of the Manhattan skyline and the Verrazano Bridge. Several parks and the Brooklyn waterfront await tenants via a short drive or 10-15 minute walk.
86 STREET
Asking Price
$16,000,000 For More Information, Please Contact: Stephen P. Palmese
Jeffrey Shalom
Michael Mazzara
Stephen Vorvolakos
Thomas Freeland
Patrick Madigan
Caroline Hodes
Vice Chairman (718) 307 6552
Executive Director (718) 307 6558
Director (718) 606 7052
Associate (718) 307 6559
Associate Director (718) 606 7021
Associate (718) 606 7058
Associate (718) 307 6557
stephen.palmese@ cushwake.com
jeffrey.shalom @cushwake.com
michael.mazzara@ cushwake.com
stephen.vorvolakos@ cushwake.com
thomas.freeland@ cushwake.com
patrick.madigan@ cushwake.com
caroline.hodes@ cushwake.com
Cushman & Wakefield 205 Montague Street 3rd Floor
Brooklyn, New York 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
66-Unit Elevator Residential Building For Sale FOR SALE Building Features
R
R
675 86th Street
Address:
675 86th Street, Brooklyn, NY 11228
Block / Lot:
6037 / 77
Lot Dimensions:
151.56’ x 101’ (approx.)
Lot Size:
15,100 sq. ft. (approx.)
Building Dimensions:
151.5’ x 79’
Stories:
6
Residential Units:
66
Gross SF:
64,200 sq. ft. (approx.)
Net SF:
47,600 sq. ft. (approx.)
Zoning / FAR:
C4-2A / 3.00
Total Buildable SF:
45,300 sq. ft. (approx.)
Minus Existing ZFA:
64,200 sq. ft. (approx.)
Available Air Rights:
Overbuilt sq. ft. (approx.)
Assessment (15/16):
$563,850
Taxes (15/16):
$72,843
Property Highlights Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 675 86th Street, 66-unit multifamily building located on the north side of the street between Gatling Place and Bravo Boulevard in Dyker Heights, Brooklyn. The elevatored property stands 6-stories tall with a full unfinished garden level, presenting a great opportunity for an investor to add value.
R
101’
101’
BR
6037
151.56’
77
OU OB AV
A LEV
RD
85 STREET
151.56’
675 86th Street generates a healthy NOI with a unit mix comprised of 27 studios and 39 one-bedroom apartments. Fifty-seven (57) units are rent stabilized, three (3) units are rent controlled, one (1) unit is free market status, four (4) units are vacant, and one (1) unit is the Super’s unit. The property measures approximately 151.5’ x 79.0’ and approximately 64,200 square feet, plus an additional approximately 10,700 square feet in the unfinished garden level. Tenants will benefit from the property’s unique location. Situated only a few blocks from the R train, 86th St. retail corridor, and almost immediate access to the BQE, this property is ideally located for commuters and families alike. Additionally, the building’s elevated location provides many units with terrific views of the Manhattan skyline and the Verrazano Bridge. Several parks and the Brooklyn waterfront await tenants via a short drive or 10-15 minute walk.
86 STREET
Asking Price
$16,000,000 For More Information, Please Contact: Stephen P. Palmese
Jeffrey Shalom
Michael Mazzara
Stephen Vorvolakos
Thomas Freeland
Patrick Madigan
Caroline Hodes
Vice Chairman (718) 307 6552
Executive Director (718) 307 6558
Director (718) 606 7052
Associate (718) 307 6559
Associate Director (718) 606 7021
Associate (718) 606 7058
Associate (718) 307 6557
stephen.palmese@ cushwake.com
jeffrey.shalom @cushwake.com
michael.mazzara@ cushwake.com
stephen.vorvolakos@ cushwake.com
thomas.freeland@ cushwake.com
patrick.madigan@ cushwake.com
caroline.hodes@ cushwake.com
Cushman & Wakefield 205 Montague Street 3rd Floor
Brooklyn, New York 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
