1261 Coney Island Ave - Service FOR SALE


Brooklyn, NY 11230- Midwood
$5,799,000 USD
718-200-8511
1261 Coney Island Ave, Brooklyn, NY for Sale
$5,799,000 USD
Service - FOR SALE
1/6
null | Request Cap Rate

1261 Coney Island Ave
Brooklyn, NY 11230
Midwood


HIGHLIGHTS

  • High Ceilings
  • Midwood
  • Heavy Foot Traffic
  • Warehouse
  • Investment Opportunity
  • Residential or Mixed Use

OVERVIEW

WELCOME TO 1261 CONEY ISLAND AVENUE Brooklyn, NY 11230 in MIDWOOD PROPERTY HIGHLIGHTS * Lot Dimensions: 59.58’ × 100’ * Lot Area: Approximately 5,958 SF * Existing Building: Approximately 5,958 SF * Retail / Commercial Space: Approximately 5,958 SF * Office Space: Approximately 500 SF * Existing Building: 2 Stories * Full Drive-In Gate * Ground-Floor Warehouse / Commercial Space * Excellent visibility and frontage along Coney Island Avenue ZONING & DEVELOPMENT OPPORTUNITY * Zoning: R5/ C2-3 * Commercial Overlay: C2-3 * Residential & Commercial Development Potential * Opportunity to evaluate mixed-use development, incorporating residential units with ground-floor commercial space * Potential for redevelopment or expansion of the existing property, subject to zoning regulations and NYC approvals * The 59.58’ × 100’ lot provides approximately 5,958 SF of land, creating a substantial development footprint along Coney Island Avenue * Excellent opportunity for a developer, investor, owner-user, or value-add purchaser INVESTMENT POTENTIAL 1261 Coney Island Avenue presents a compelling opportunity to acquire a substantial 59.58’ × 100’ commercial property along one of Brooklyn’s established commercial corridors. With approximately 5,958 SF of land, an existing two-story commercial building, drive-in access and R5 / C2-3 zoning, the property offers multiple potential investment strategies. A purchaser may consider continued commercial use, repositioning, renovation, expansion or future mixed-use development, subject to independent zoning analysis and all required NYC approvals. The combination of a sizable lot, commercial frontage, residential zoning and C2-3 commercial overlay makes this an attractive opportunity for investors seeking both immediate utility and long-term development potential. All information, including zoning, dimensions, square footage, development potential and permitted uses, is provided for informational and marketing purposes only and is subject to independent verification. Prospective purchasers should conduct their own due diligence with their architect, attorney, engineer and the appropriate New York City agencies.

FOR SALE DETAILS

PRICE

$5,799,000 USD

PRICE/SF

$387 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14

LAND SF

6,098

ZONING

R5/ C2-3

APN/PARCEL ID

06704-0084

ASK ABOUT THIS PROPERTY

Orian HakmonAllure NY PropertiesMore Info
718-200-8511

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

Orian HakmonAllure NY PropertiesMore Info
718-200-8511

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