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3171 Coney Island Ave
Brooklyn, NY 11235
Office Property For Sale
Executive Summary
Ground floor income of $9,000 with approximately 1,350 sq. ft. on the ground level and 700 sq. ft. on the second floor. The property offers 51.5 feet of frontage along Coney Island Avenue.
Annual property taxes for 2025 are $30,529. Insurance is $3,075, with a projected rate of $1.50 per sq. ft. MTA license fee is $17,103. Water and sewer are tenant-paid; electric and gas are on separate meters.
The property has had the same tenant for 30 years, ensuring long-term occupancy stability.
Annual property taxes for 2025 are $30,529. Insurance is $3,075, with a projected rate of $1.50 per sq. ft. MTA license fee is $17,103. Water and sewer are tenant-paid; electric and gas are on separate meters.
The property has had the same tenant for 30 years, ensuring long-term occupancy stability.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
1,648 SF
Building Class
C
Year Built
1930
Price
$1,550,000
Price Per SF
$940.53
Percent Leased
76%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
824 SF
Building FAR
2.00
Lot Size
0.02 AC
Zoning
R6-C1-2 - a medium-density residential district (R6) with a C1-2 commercial overlay, allowing for 6-8 story apartment buildings with local retail on
Property Taxes
| Parcel Number | 08707-0072 | Improvements Assessment | $270,000 |
| Land Assessment | $14,850 | Total Assessment | $284,850 |
Property Taxes
Parcel Number
08707-0072
Land Assessment
$14,850
Improvements Assessment
$270,000
Total Assessment
$284,850
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