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3139 Coney Island Ave
Brooklyn, NY 11235
Retail Property For Sale


Investment Highlights
- High foot and vehicular traffic location.
- Private parking space.
- Steps from Brighton Beach Avenue, the Boardwalk & the beach.
Executive Summary
Extremely rare, and well-maintained, mixed-use corner building (built 20'x72') with private parking. The ground floor contains 3 retail units, all occupied by long-term tenants. The entire 2nd level features an enormous 2bd/2ba residential unit that's fully vacant and measures 1,200 square feet. One of the most unique and welcome features of this building is a large terrace off of the apartment living room. From the terrace there's also a staircase leading up to the brand-new roof where you can potentially make use of an additional 1,500 square feet of outdoor space. There's also a vacant, unfinished, full basement with high ceilings and a separate entrance offering the flexibility of additional income, or for use with the residential unit to combine for nearly 2,500 square feet of indoor space for the next owner/occupant. This building truly is a rare opportunity where someone's creativity and unique individual needs can be accommodated. All tenants are current with their rent and would be happy to sign new leases. Possible to deliver one or more units vacant as well. This is a perfect opportunity for owner/operators and investors alike. The location offers unmatched visibility for the already busy area with consistently high vehicular and foot traffic passing by. Located just minutes from the beach, Boardwalk, and the always bustling Brighton Beach Avenue, the location also features very easy access to the Belt Parkway as well as the B & Q subway lines. When combined with the solid tenants, reliable income, and generous R6 zoning, the potential for this perfectly priced investment property simply cannot be beat. Listed Exclusively. PLEASE DO NOT APPROACH THE TENANTS.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,880 SF
Building Class
C
Year Built
1930
Price
$1,799,000
Price Per SF
$624.65
Cap Rate
6.33%
NOI
$113,940
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.65
Lot Size
0.04 AC
Zoning
R6/C1-2 - Medium density residential district
Parking
1 Spaces (0.35 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 08706-0042 | Improvements Assessment | $65,400 |
| Land Assessment | $12,180 | Total Assessment | $77,580 |
Property Taxes
Parcel Number
08706-0042
Land Assessment
$12,180
Improvements Assessment
$65,400
Total Assessment
$77,580
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