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Type:
Mixed Use
Sq Ft:
3,420
Units:
Property Description
Investment Property Realty Group (IPRG) is pleased to exclusively present the opportunity to acquire 250 86th Street, a prime freemarket 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 irregularly, measuring approximately 20 feet by 58 feet on one side and 20 feet by 50 feet on the other, 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.
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Block & Lot:
06043-0027
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Neighborhood:
Bay Ridge
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Cross Streets:
Ridge Boulevard & 3rd Avenue
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Lot Dimensions:
20 ft x 100 ft
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Units:
2
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Total Approx. SF:
3,420
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Total Approx. BSF:
7,500
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Zoning:
R5D, BR
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FAR:
2.0
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Tax Class:
1
