1899-1909 Coney Island Avenue
Brooklyn, New York NY 11230
$8,499,000 Price
Active Status
Est. Monthly Payment: $36,499.58 See Details
17,784 Square Feet
410841 Listing ID
Prime location in the heart of Midwood on Coney Island Ave near Kings Hwy. 2015 Construction. Package deal. 1899-1909 Coney Island Ave. Four Mixed Use buildings. 4 Commercial stores and 8 apartments. All tenants have 3% increases and pay own utilities. 80ft of frontage on Coney Island Ave. Zoned R7A. 15000 Sqft unused air rights. FAR 4. Total 32000 buildable. 4 commercial stores built 20x100x4=8000sqft. All apartments are 3 bedrooms with 2 full baths and outdoor space. Modern kitchens with granite counters, stainless steel appliances ( dishwasher, microwave, stove, 2 door fridge), washer and dryer hook up, split system in each room ( AC and Heat ), hardwood flooring. Current Net Operating Income is $456,000 per year. 5,3% Cap Rate at asking price. Submit your offers. Please note that each building can be also sold separately. 1899 Coney island Ave- $2,095,000, 1901 Coney Island Ave- $2,142,000, 1907 Coney Island Ave- $2,179,000, 1909 Coney Island Ave- $2,233,000
Schedule Showing
Status Active
County Kings (Brooklyn)
Property Type Commercial
Property Sub Type Commercial
{"zipcode": "11230", "price": "8499000"}
Down Payment
Credit Score
Loan Amount
Loan Type

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Primary Features

Borough: Brooklyn
County: Kings (Brooklyn)
Current Use: Other
MLS Area Major: Midwood
Potential Use: Other
Property Sub Type: Commercial
Property Type: Commercial
Sale Type: Arm's Length
Stories: 3
Zoning: R7A

Interior Features

AC Units: 5+
Basement Amenities: Full
Ceiling Height: Other
Commercial Features Interior: Intercom
Lavatories: Other
Unit Count: 4
Walls: Other

Location Information

Cross Street Name: Ave P
Cross Street Name 2: Ave O
Street Suffix: Avenue

External Features

Building Footprint Sq Ft: 8000
Building Length: 100.00
Building Type: Attached
Building Width: 80.00
Commercial Features Exterior: Other
Construction Materials: Block, Brick
Foundation Details: Block, Poured Concrete
Handicap Access YN: No
Loading Docks: None
Lot Size Length: 100
Lot Size Width: 80
Lot Sq Ft: 8000
Roof: Flat


Certificate Of Occupancy YN: yes
Commercial Condo YN: no
Equipment Included: none
Negotiate Thru: Broker
Number Of Stores: 3
Status: Active

Financial Details

Financing: Bank Mortgage, Cash
Gross Expense: 57802.00
Gross Income: 513324
Insurance Expense: 9900.00
Tax Amount: 35002.00
Transaction Type: Sale
Utility Expense: 2400.00

Zoning Info

© 2017 Brooklyn MLS (BMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of GEO Real Estate Group Inc

Contact - Listing ID 410841

Doreen Greenwood

2738 Gerritsen Avenue
Brooklyn, NY 11229
Phone: 7187694448

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