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1962 Coney Island Ave 4,400 SF 100% Leased Retail Building Brooklyn, NY 11223 $2,100,000 ($477.27/SF) 5.31% Cap Rate
Investment Highlights
- income-producing mixed-use
- fully gutted & renovated 9 years ago
- C8-2 zoning
- ground-floor restaurant + two spacious residential units
- low owner expenses
Executive Summary
Rare Mixed-Use Opportunity! Fully gutted and renovated approximately 9 years ago, this income-producing property features a ground-floor restaurant with its own central heat and A/C, plus two spacious residential units above. The second floor offers 4 bedrooms and 1.5 baths, while the third floor features 3 bedrooms and 1 full bath. Separate gas boilers and water heaters. Low owner expenses—responsible only for property taxes, building insurance, and hallway electric. Zoned C8-2 with potential additional buildable square footage, offering future upside for investors and developers. Prime commercial location with excellent visibility and strong long-term potential. Won't last!
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1931/2017
Price
$2,100,000
Price Per SF
$477.27
Cap Rate
5.31%
NOI
$111,575
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.02
Lot Size
0.05 AC
Zoning
C8-2 - In C8-2 are typically heavy commercial uses bordering manufacturing zoning.
Frontage
44’ on Coney Island Ave
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06642-0016 | Total Assessment | $146,940 |
| Land Assessment | $22,380 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $124,560 | Tax Year | 2026 |
Property Taxes
Parcel Number
06642-0016
Land Assessment
$22,380
Improvements Assessment
$124,560
Total Assessment
$146,940
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
1962 Coney Island Ave