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1687 86th Street

New York NY 11214

3
3
2800 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

This property promises a steady income stream and represents a solid investment. The ground level is home to the prosperous "Gossip" restaurant, committed to a 5 + 10-year lease ending on 1/1/2036. The upper level features two modern apartments, refurbished in 2019: a two-bedroom unit and a one-bedroom unit. With tenants on adaptable month-to-month agreements, there's potential for rent recalibration to reflect market rates. This is an exceptional opportunity to secure a dependable and robust investment in a prime location. current estimated CAP rate is ~4.7% Building Square feet 2,800 Building dimensions 20 ft x 70 ft Buildings on lot 1 Stories 2 Roof height 26 ft Year built 1938

Features

3 bedrooms
3 bathrooms
2800 sq. ft. floor area
Multi-Family

Happy sellers in New York

~%

We have insufficient information to provide an overview of customer satisfaction for New York. Viewing the agent profiles, reviews and sales for New York can provide insights for this location.

Local market activity for 3 bedroom multi families in New York

In the last 12 months, 7 three-bedroom multi families similar to 1687 86th Street, have been sold.

This represents a 16% decrease in three-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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