1962 Coney Island Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11223- Homecrest
$2,100,000 USD
347-988-5318
1962 Coney Island Ave, Brooklyn, NY for Sale
$2,100,000 USD
Storefront Retail/Residential - FOR SALE
1/37
null | 5.31% Cap Rate

1962 Coney Island Ave
Brooklyn, NY 11223
Homecrest


HIGHLIGHTS

  • income-producing mixed-use
  • ground-floor restaurant + two spacious residential units
  • fully gutted & renovated 9 years ago
  • low owner expenses
  • C8-2 zoning

OVERVIEW

Rare Mixed-Use Opportunity! Fully gutted and renovated approximately 9 years ago, this income-producing property features a ground-floor restaurant with its own central heat and A/C, plus two spacious residential units above. The second floor offers 4 bedrooms and 1.5 baths, while the third floor features 3 bedrooms and 1 full bath. Separate gas boilers and water heaters. Low owner expenses—responsible only for property taxes, building insurance, and hallway electric. Zoned C8-2 with potential additional buildable square footage, offering future upside for investors and developers. Prime commercial location with excellent visibility and strong long-term potential. Won't last!

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$477 USD /SF

CAP RATE

5.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C8-2

APN/PARCEL ID

06642-0016

ASK ABOUT THIS PROPERTY

Jason ZhouRE/MAX EdgeMore Info
347-988-5318

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Jason ZhouRE/MAX EdgeMore Info
347-988-5318

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