250 86th Street
Vacant Fully Renovated Mixed-Use Building in Prime Bay Ridge
Marketing description
Investment Property Realty Group (IPRG) is pleased to exclusively present the opportunity to acquire 250 86th Street, a prime free-market mixed-use asset located in the heart of Bay Ridge. The property is located on 86th Street just off Ridge Boulevard, at the intersection of Bay Ridge’s strongest retail corridor and one of the neighborhood’s most sought-after residential sections.
The subject property consists of one residential apartment above a two-story medical office, totaling approximately 3,420 square feet. The building is constructed approximately 20 feet by 58 feet, situated on a 20-foot by 100-foot lot. The property is zoned R5D / BR and benefits from the highly sought-after protected Tax Class 1 designation.
The asset is fully renovated and turnkey and is currently vacant, offering a unique opportunity for investors to reposition the asset or for an end user to occupy the space. The property features a newly built-out medical office and a large, brand-new 3-bedroom / 2-bathroom residential apartment. The property is located less than two blocks from the 86th Street [R] subway station, providing convenient access to Manhattan, Queens, and the rest of Brooklyn
Investment highlights
• Free-market mixed-use building in the heart of Bay Ridge
• Prime 86th Street location on Bay Ridge’s strongest retail corridor
• Immediate proximity to Ridge Boulevard, one of Bay Ridge’s most desirable residential sections
• Fully renovated, turnkey asset
• Vacant building – ideal for investor repositioning or end-user occupancy
• Newly built and renovated medical office
• Large, newly renovated residential unit – 3BR / 2BA
• Protected Tax Class 1 with low annual taxes of $13,901
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