Historical Retail Sale Listing - The Shore Theater Coney Island

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The Shore Theater Coney Island

1301 Surf Avenue, Brooklyn, NY 11224

N/A

115,667 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
115,667 SF
Property Type:
Retail
Property Sub-type:
Retail (Other)
Additional Sub-types:
Full Service
Special Purpose (Other)
Property Use Type:
Investment
Commission Split:
30%
No. Stories:
7
Tenancy:
Multiple
Year Built:
1905
Lot Size:
20,066 SF
Listing ID
18013134
Last Updated
over 1 year ago

Highlights

  • 115,667 SF building situated on a 20,066 SF Corner Lot
  • Max allowed FAR increased to 5
  • Over 16,500 SF of ground level retail space with entertainment, residential apartments or professional space above
  • Hotel & Casino (approval pending)
  • Located along the Spine of the Coney Island Development Corporation' s comprehensive rezoning and redevelopment plan
  • Steps away from historic icons, beach, boardwalk amusements, arts and entertainment

Description

Coldwell Banker Reliable Commercial Division is pleased to offer The Shore Building Located at 1301 Surf Avenue in Coney Island, Brooklyn, NY.

Landmarked in 2010, one of the most recognizable, striking and tallest buildings in Coney Island. The Shore building features views of the Atlantic Ocean, MCU Stadium, Luna Park' s Wonder Wheel and Cyclone, Steeplechase Plaza, the Boardwalk and Beach.

The property significantly benefits from recent government approvals and investment in the rezoning and redevelopment of Coney Island (see offering memorandum pages 9-12 for details). Potential uses include: Hotel & Casino (pending approval see preliminary Marriot Hotel study on page 15 and recent press on legalized gaming page 14 ). Theatre (IMAX or Off - Broadway), Street Retail with Residential Apartments, Entertainment or Professional Space Above.

Located along the Spine of the Coney Island Development Corporation' s comprehensive rezoning and redevelopment plan (see pages 9-12) Steps away from historic icons, beach, boardwalk amusements, arts and entertainment In 2012 Luna Park saw 640,000 visitors, a number that had not been reached since 1964 The city purchased 7 acres of prime Coney Island real estate for nearly $100M and allocated $150M for infrastructure upgrades in the area.

Map of 1301 Surf Avenue, Brooklyn, NY 11224 (Kings County)

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