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2776 Coney Island Ave

4,892 SF 100% Leased Retail Building Brooklyn, NY 11235 £2,297,758 (£470/SF) 5.28% Net Initial Yield

Executive Summary

Corner mix use building for Sale in prime Sheepshead Bay/Gravesend area. The opportunity consists of 4 residential units ( free market 2 x two bedrooms and 2 x one bedrooms) above 2 commercial ( retail and office) with full finished basement. The 4500 SF building sits on a 2500 SF irregular lot with C2-2/R5/OP zoning. The property is conveniently accessible via public transit with the Sheepshead Bay Rd train station B and Q Trains in short proximity. Sheepshead Bay has cemented itself in the New York City real estate market for its sound investment fundamentals, great accessibility & diverse cultural offerings. The property is 100% occupied with month-to-month leases (except retail). Current Net Operating Income is $153000 ( Projected $177000). This property has great upside potential!!!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,892 SF
Year Built
1931
Price
£2,297,758
Price Per SF
£470
Net Initial Yield
5.28%
NOI
£121,336
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
2.45
Lot Size
0.05 AC
Zoning
R5 - C2-2/R5/OP
Frontage
21 ft on Coney Island Ave
1 of 1
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (86)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

TD Bank
Krystal Laser Aesthetics
Bank of America
Chase Bank
Stop & Shop
Ridgewood Savings Bank
Capital One Bank
Key Food
Club Pilates
Valley National Bank

PROPERTY TAXES

Parcel Number 07224-0030 Improvements Assessment £84,859
Land Assessment £109,104 Total Assessment £193,962

PROPERTY TAXES

Parcel Number
07224-0030
Land Assessment
£109,104
Improvements Assessment
£84,859
Total Assessment
£193,962
(347) 515-8272

Contact

  • Aliaksei 'Alex' Palaukou
    Aliaksei 'Alex' Palaukou
  • A.P. Services Inc

  • Listing ID: 34157733

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 2776 Coney Island Ave, Brooklyn, NY 11235

The Retail Property at 2776 Coney Island Ave, Brooklyn, NY 11235 is currently available for sale. Contact A.P. Services Inc for more information.

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2776 Coney Island Ave
(347) 515-8272 x

2776 Coney Island Ave

Aliaksei 'Alex' Palaukou

(347) 515-8272

(347) 515-8272

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