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3,705 sqft

$1,659,000

3099 Coney Island Avenue, Brooklyn NY, 11235

Price per sqft$447.77
Built in1999
Property size3,705 sqft
Property typeCommercial

Overview

Active

Listed Aug 15, 2024

Updated Aug 7

Introducing a prime investment opportunity situated on a highly trafficked corridor in the vibrant heart of Brighton Beach. This impressive three-story building offers approximately 4,000 square feet of rentable space, strategically positioned along the bustling Coney Island Avenue for maximum visibility. Designed with flexibility in mind, the second and third floors are fully vacant, originally intended for medical office use but adaptable to a variety of purposes. The ground floor currently houses a doctor's office on a month-to-month lease, providing immediate income potential. With R6 zoning, there is an opportunity for vertical expansion, further enhancing the property's value. Each floor is equipped with its own central air system, ensuring comfort and convenience for future tenants or business operations. This property presents an excellent opportunity for both business and investment purposes, with a projected annual income of $140,000 and a minimum 6% cap rate. Don’t miss the chance to secure this exceptional asset.

Additional information

MLS® ID
485178

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$23,346
Tax Frequency
Annually

Listed by Igor Yakubinskiy with Century 21 Homefront Realty
Listing Contact: 7182526060 

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