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610-616 Coney Island Ave 10,230 SF 100% Leased Retail Building Brooklyn, NY 11218 $5,100,000 ($498.53/SF) 8% Cap Rate
EXECUTIVE SUMMARY
Located in the Kensington neighborhood in Brooklyn, 610-616 Coney Island Avenue was built in 1930 and has 3 stories and 4 units. One Story building 10,230 SF + 6,000 SF Basement. Site extends rear to East 9th Street. 2 Drive-Ins with Lifts. Easy access to transportation with the Q train a short walk to the Beverley Road station with the F-G trains nearby.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$261,000
|
$25.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$261,000
|
$25.51
|
| Taxes |
$70,000
|
$6.84
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$70,000
|
$6.84
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $261,000 |
| Annual Per SF | $25.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $261,000 |
| Annual Per SF | $25.51 |
| Taxes | |
|---|---|
| Annual | $70,000 |
| Annual Per SF | $6.84 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $70,000 |
| Annual Per SF | $6.84 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,230 SF
Building Class
B
Year Built
1930
Price
$5,100,000
Price Per SF
$498.53
Cap Rate
8%
NOI
$408,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.11
Lot Size
0.21 AC
Zoning
R5 - medium density residential
Frontage
48’ on Coney Island Ave
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (98)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05361-0025 | Total Assessment | $779,400 (2025) |
| Land Assessment | $144,900 (2025) | Annual Taxes | $70,000 ($6.84/SF) |
| Improvements Assessment | $634,500 (2025) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
05361-0025
Land Assessment
$144,900 (2025)
Improvements Assessment
$634,500 (2025)
Total Assessment
$779,400 (2025)
Annual Taxes
$70,000 ($6.84/SF)
Tax Year
2024 Payable 2024
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610-616 Coney Island Ave
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