1153 Coney Island Ave - Retail FOR SALE


Brooklyn, NY 11230- Flatbush-Ditmas Park | 
$7,000,000 USD
917-539-0402
1153 Coney Island Ave, Brooklyn, NY for Sale
$7,000,000 USD
Retail - FOR SALE
1/4
null | Request Cap Rate

1153 Coney Island Ave
Brooklyn, NY 11230
Flatbush-Ditmas Park


HIGHLIGHTS

  • Rare Corner Commercial Redevelopment Opportunity in Brooklyn’s Midwood Neighborhood
  • 6,630 SF Existing Retail Building Resting on a 14,000 SF Lot
  • C8-2 Zoning Permitting Approximately 28,000 SF As-of-Right Development
  • Prominent Corner Location at Coney Island Avenue and Avenue H
  • Long-Term Redevelopment Upside Supported by Surrounding Residential Zoning Patterns

OVERVIEW

The subject offering presents a rare opportunity to acquire a prominent corner commercial asset at the intersection of Coney Island Avenue and Avenue H in the heart of Brooklyn’s Midwood neighborhood. The offering consists of a 6,630-square-foot single-story retail building situated on a 10,000-square-foot corner parcel (100’ x 100’), together with an adjacent 4,000-square-foot parking lot. Combined, the properties encompass approximately 14,000 square feet of land and benefit from highly desirable C8-2 zoning. The zoning permits up to 28,000 square feet of as-of-right development (2.0 FAR), with the potential for up to 67,200 square feet through the utilization of the community facility bonus. The existing improvements also include a full, 6,630 square-foot lower level and an elevator servicing the building. The property benefits from exceptional accessibility, featuring curb cuts along both Coney Island Avenue and Avenue H. Positioned on a heavily trafficked commercial corridor, the asset is surrounded by a diverse mix of established retailers, service businesses, and residential communities. The property is also located just a few blocks from the Avenue H subway station, providing direct access to the Q train and enhancing connectivity throughout Brooklyn and Manhattan. From a long-term strategic perspective, the surrounding zoning landscape further enhances the property’s appeal. The adjacent parcel is zoned R5D, while properties across Coney Island Avenue are zoned R6A, creating a compelling basis for future residential rezoning considerations and potential redevelopment opportunities.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$1,056 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brooklyn Corner - Avenue H - 14,000 SF Lot

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Warehouse, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 SF

ZONING

C8-2

APN/PARCEL ID

06695-0001

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.