$2,980,000
RENTED JUN 1, 2025

Estimated payment $18,522/month

Total Views 3,267
-- Bed
-- Bath
4,608 Sq Ft
$647 Price per Sq Ft

Highlights

  • Tile Flooring
  • 1-minute walk to 20 Avenue (D,M Line)
  • Baseboard Heating
  • PS 748 Brooklyn School for Global Scholars Rated A

About This Home

TWO BUILDINGS ADJACENT TO EACH OTHER IN THE HEART OF 86TH ST .
WE CAN SOLD AS A PACKAGE WITH 1929 86TH ST.
LOT SIZE :20/100 BUILDING SIZE:20/100.


This property at 1931 86th St, Brooklyn, presents an exceptional investment opportunity with a solid 5% return on investment. Located in a highly accessible area with heavy foot traffic, it sits in a busy commercial district that attracts a large volume of consumers and business activity. Whether for rental income or future appreciation, this property is an ideal investment choice. With the continued growth and commercial prosperity of the Brooklyn area, the market potential for this property is expected to rise, making it a golden opportunity that investors should not miss.

PLEASE CALL FOR MORE INFOMATION.

Listing Agent

MingQin Sun (Phoebe)

E House Realty & Mgt. Inc Listed on: 12/06/2024

Co-Listing Agent

Yuling Chen

E House Realty & Mgt. Inc.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $24,388

Year Built

  • Built in 1928

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Property is zoned R5

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4,608 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

  • Insurance Expense $4,300
  • Gross Income $164,512

Listing and Financial Details

  • Tax Block 6345

Property Details

Property Type

Other

Est. Annual Taxes

$24,388

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 2000
  • Building Length: 100.00
  • Building Width: 20.00
  • Co List Office Mls Id: 117390
  • Co List Office Phone: (718) 680-2776
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 20th AVE
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4608
  • Building Stories: 2
  • Street Name I D X: 86th
  • Street Number I D X: 1931
  • Year Built: 1928
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: None
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 57
  • Roof: Flat

Utilities

  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R5

Rental Info

  • Rent Income: 193200

Multi Family

  • Annual Gross Expense: 28688.00
  • Annual Gross Income: 164512
  • Insurance Expense: 4300.00
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 24388.00

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,004 $243,450 $63,000 $180,450
2024 $24,004 $236,700 $63,000 $173,700
2023 $24,097 $226,350 $63,000 $163,350
2022 $24,025 $229,050 $63,000 $166,050
2021 $20,549 $192,150 $63,000 $129,150
2020 $11,582 $238,500 $63,000 $175,500
2019 $21,168 $238,500 $63,000 $175,500
2018 $19,758 $208,350 $63,000 $145,350
2017 $18,670 $200,700 $63,000 $137,700
2016 $17,701 $171,000 $63,000 $108,000
2015 $10,642 $188,100 $63,000 $125,100
2014 $10,642 $171,450 $63,000 $108,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2025 06/01/25 Rented $11,800 0.0% --
03/14/2025 03/14/25 For Rent $11,800 0.0% --
12/06/2024 12/06/24 For Sale $2,980,000 -- $647 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $1,800,000 --
Deed $1,000,000 --
Deed $900,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,600,000 Commercial
Previous Owner $1,000,000 Commercial
Previous Owner $499,500 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 487877

Brooklyn Board of REALTORS®

APN: 06345-0057