2776 Coney Island Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11235
$2,900,000 USD
347-515-8272
2776 Coney Island Ave, Brooklyn, NY for Sale
$2,900,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 6.21% Cap Rate

2776 Coney Island Ave
Brooklyn, NY 11235


OVERVIEW

Corner mix use building for Sale in prime Sheepshead Bay/Gravesend area. The opportunity consists of 4 residential units ( free market 2 x two bedrooms and 2 x one bedrooms) above 2 commercial ( retail and office) with full finished basement. The 4500 SF building sits on a 2500 SF irregular lot with C2-2/R5/OP zoning. The property is conveniently accessible via public transit with the Sheepshead Bay Rd train station B and Q Trains in short proximity. Sheepshead Bay has cemented itself in the New York City real estate market for its sound investment fundamentals, great accessibility & diverse cultural offerings. The property is 100% occupied with month-to-month leases (except retail). Current Net Operating Income is $156000 ( Projected $180000). This property has great upside potential!!!

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$593 USD /SF

CAP RATE

6.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,000 SF

ZONING

R5

APN/PARCEL ID

07224-0030

ASK ABOUT THIS PROPERTY

Aliaksei 'Alex' PalaukouA.P. Services IncMore Info
347-515-8272

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Aliaksei 'Alex' PalaukouA.P. Services IncMore Info
347-515-8272

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