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3099 Coney Island Ave
Brooklyn, NY 11235
Office Property For Sale
Executive Summary
Introducing a prime investment opportunity situated on a highly trafficked corridor in the vibrant heart of Brighton Beach. This impressive three-story building offers approximately 4,000 square feet of rentable space, strategically positioned along the bustling Coney Island Avenue for maximum visibility. Designed with flexibility in mind, the second and third floors are fully vacant, originally intended for medical office use but adaptable to a variety of purposes. The ground floor currently houses a doctor's office on a month-to-month lease, providing immediate income potential. With R6 zoning, there is an opportunity for vertical expansion, further enhancing the property's value. Each floor is equipped with its own central air system, ensuring comfort and convenience for future tenants or business operations. This property presents an excellent opportunity for both business and investment purposes, with a projected annual income of $140,000 and a minimum 6% cap rate. Don’t miss the chance to secure this exceptional asset.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,500 SF
Building Class
C
Year Built
2000
Price
$1,899,000
Price Per SF
$422
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,500 SF
Slab To Slab
10’
Building FAR
2.58
Lot Size
0.04 AC
Zoning
R-6 - Medium density residential district
Parking
1 Spaces (0.22 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
Property Taxes
| Parcel Number | 08705-0012 | Improvements Assessment | $249,300 |
| Land Assessment | $36,450 | Total Assessment | $285,750 |
Property Taxes
Parcel Number
08705-0012
Land Assessment
$36,450
Improvements Assessment
$249,300
Total Assessment
$285,750
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