Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

3099 Coney Island Ave Unit 1, Brooklyn, NY, 11235

--beds
4baths
3,705sqft
$1,799,000
$486price/sqft
$11,238/moest. monthly cost
$449,520/yrincome needed

About This Home

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.

Getting Around

95
WalkingWalker's Paradise
0
TransitVery Limited Transit
64
BikeBikeable

Schools

5/10
3/10

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Interior Area

  • Total structure area: 3,705
  • Total interior livable area: 3,705 sqft

Property

Details

  • Special condition: Resale