1848 Coney Island Ave - Apartments FOR SALE


Brooklyn, NY 11230- Midwood
$2,500,000 USD
347-320-2569
1848 Coney Island Ave, Brooklyn, NY for Sale
$2,500,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

1848 Coney Island Ave
Brooklyn, NY 11230
Midwood


OVERVIEW

Presenting 1848 Coney Island Ave, a well-maintained, three-story mixed-use building in Brooklyn offering steady rental income and a thriving commercial presence. The property features two residential units and a ground-floor laundromat, situated on a 20' x 80' lot with a 20' x 55' footprint, plus a full basement for additional storage. Each residential apartment offers 3 bedrooms, 1 bathroom, and a generous living room. The first-floor laundromat generates $3,500 per month with three years remaining on the lease, with the tenant paying all utilities including water. The second-floor apartment rents for $1,600 per month and the third-floor for $1,800 per month, both on a month-to-month basis with heat and hot water included. The building features two separate water meters for added efficiency. Located in a vibrant corridor, this property is close to shops, cafes, Staples, and public transportation. This is a perfect opportunity for an owner-occupant or investor. Residential units may be delivered vacant.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$758 USD /SF

# OF UNITS

3

PRICE/UNIT

$833,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,793 SF

ZONING

C8-2, OP

APN/PARCEL ID

06617-0010

ASK ABOUT THIS PROPERTY

Emily LiangTiger RealtyMore Info
347-320-2569

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Emily LiangTiger RealtyMore Info
347-320-2569

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