692 Coney Island AveBrooklyn, NY 11218

For Sale
$1,600,000

Turnkey Mixed-Use, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
94
This fully renovated, 2,700 square foot mixed-use building at 692 Coney Island Avenue in Brooklyn, NY (zip code 11218) is offered at $1,600,000, representing a 5.00% cap rate and a price per square foot of $592.59. Currently boasting 100% occupancy, the property features two commercial units and one residential unit, providing diverse income streams. The building benefits from a prime location on Coney Island Avenue, between Avenue C and Cortelyou Road, in the Kensington neighborhood. Its modern updates include a "vanilla box" space with expansive glass frontage, ideal for showcasing a business. The C8-2 zoning allows for a variety of uses. Convenient public transportation is readily available via the Q train at Cortelyou Road and numerous bus lines (B68, BM4, BM3, B103, BM1, BM2, & B35). The area enjoys high foot traffic and is surrounded by established businesses including KFC, Mobil, 7-Eleven, Dunkin', Walgreens, and many more, ensuring a strong tenant base and high visibility. This turnkey investment opportunity is perfect for retail and street retail investors seeking a thriving location in Brooklyn.

Highlights

  • Prime Coney Island Avenue location in Kensington, Brooklyn.
  • Fully renovated 2,700 sq ft mixed-use building.
  • Turnkey investment opportunity with 100% occupancy.
  • Three units: two residential, one commercial.
  • Contact 718-437-6100 for details.

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6406323
Longitude
-73.9694466
692 Coney Island Ave, Brooklyn, New York

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692 Coney Island Ave
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