3166 Coney Island Avenue, Brooklyn, NY
Multi-Use for Sale - $2,500,000 - 12,160 Sq. Ft. on 9.39 acres
Property Info
| CIMLS# | 133511 |
| Location 3166 Coney Island Avenue Brooklyn NY 11235 | |
| Updated | March 17th, 2011 |
| Type | Multi-Use |
| Price | $2,500,000 |
| Building | 12,160 Sq. Ft. |
| Land | 9.39 acres |
Property Description
Located on Coney Island Avenue, this mixed use property is on a beautiful block. The building features 14 residential units, and 2 new commercial stores. This is truly an excellent opportunity for an investor seeking immediate income. In addition, the pedestrian traffic in this area is immensely high.
The building is one block away from the beach, and half block to the subway - the B/Q trains to Brighton Beach. In addition, the B68 Bus runs on Coney Island Avenue.
Coney Island Avenue frontage is dominated by mixed-use housing - pre-war apartment buildings, small shops, including a large number of antique shops, and service businesses. Several bus lines, including the B68 and the X29, run along Coney Island Avenue, connecting the Prospect Park area and Downtown Brooklyn to the famous oceanfront attractions of Coney Island and Brighton Beach.
Approx. Building SF: 12,160
Approx. Building Size: 40 ft x 76 ft.
Approx. Lot Size: 40 ft x 90.42 ft.
NET OPERATING INCOME: $184,049.44
CAP RATE: 7.4%