Background: The evolution of nuclear magic numbers at extremes of isospin is a topic at the forefront of contemporary nuclear physics. N = 50 is a prime example, with increasing experimental data coming to light on potentially doubly-magic 100 Sn and 78 Ni at the proton-rich and protondeficient extremes, respectively, however experimental discrepancies exist in the data for less exotic systems. Purpose: In 86 Kr the B(E2; 2 + 1 → 0 + 1) value-a key indicator of shell evolution-has been experimentally determined by two different methodologies, with the results deviating by 3σ. Here, we report on a new high-precision measurement of this value, as well as the first measured lifetimes and hence transition strengths for the 2 + 2 and 3 − (2) states in the nucleus. Methods: The Doppler-shift attenuation method was implemented using the TIGRESS gamma-ray spectrometer and TIGRESS integrated plunger (TIP) device. High-statistics Monte-Carlo simulations were utilized to extract lifetimes in accordance with state-of-the-art methodologies. Results: Lifetimes of τ (2 + 1) = 336 ± 4(stat.) ± 20(sys.) fs, τ (2 + 2) = 263 ± 9(stat.) ± 19(sys.) fs and τ (3 − (2)) = 73 ± 6(stat.) ± 32(sys.) fs were extracted. This yields a transition strength for the first-excited state of B(E2; 2 + 1 → 0 + 1) = 259 ± 3(stat.) ± 16(sys.) e 2 fm 4. Conclusions: The measured lifetime disagrees with the previous Doppler-shift attenuation method measurement by more than 3σ, while agreeing well with a previous value extracted from Coulomb excitation. The newly extracted B(E2; 2 + 1 → 0 + 1) value indicates a more significant reduction in the N = 50 isotones approaching Z = 40.