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1425 Neptune Ave
Brooklyn, NY 11224
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Corner mixed-use building with retail and residential components.
- Walking distance to the Coney Island-Stillwell Avenue transit hub.
- Commercial space may be delivered vacant.
- Located along Neptune Avenue in the Coney Island neighborhood.
- Access to D, F, N and Q subway lines.
- Positioned near major neighborhood attractions and retail destinations.
Executive Summary
1425 Neptune Avenue presents the opportunity to acquire a corner mixed-use asset in Brooklyn's Coney Island neighborhood. The property consists of one ground-floor retail space and two residential apartments, creating a blend of commercial and residential income streams within a single asset. Positioned at the intersection of Neptune Avenue and West 15th Street, the property benefits from visibility along an established neighborhood corridor and direct access to surrounding residential and commercial activity.
The location is within walking distance of the Coney Island-Stillwell Avenue transit hub, providing access to the D, F, N and Q subway lines. The property is also situated near the Belt Parkway, enhancing connectivity throughout Brooklyn and the greater New York metropolitan area. Nearby demand generators highlighted in the marketing package include Coney Island attractions, local retail destinations, educational institutions, healthcare facilities, and neighborhood-serving businesses that contribute to year-round activity in the area.
The mixed-use configuration offers flexibility for investors seeking income-producing real estate as well as owner-users interested in occupying the commercial component. The brochure indicates that the commercial space can be delivered vacant, creating potential occupancy flexibility. Coney Island continues to benefit from ongoing public and private investment, supporting long-term neighborhood activity and reinforcing the property's position within one of Brooklyn's most recognizable coastal districts.
The location is within walking distance of the Coney Island-Stillwell Avenue transit hub, providing access to the D, F, N and Q subway lines. The property is also situated near the Belt Parkway, enhancing connectivity throughout Brooklyn and the greater New York metropolitan area. Nearby demand generators highlighted in the marketing package include Coney Island attractions, local retail destinations, educational institutions, healthcare facilities, and neighborhood-serving businesses that contribute to year-round activity in the area.
The mixed-use configuration offers flexibility for investors seeking income-producing real estate as well as owner-users interested in occupying the commercial component. The brochure indicates that the commercial space can be delivered vacant, creating potential occupancy flexibility. Coney Island continues to benefit from ongoing public and private investment, supporting long-term neighborhood activity and reinforcing the property's position within one of Brooklyn's most recognizable coastal districts.
Property Facts
| Price Per Unit | $968,443 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 4.95% | Building Size | 3,108 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | M1-2 - Light Industrial Districts | ||
| Price Per Unit | $968,443 CAD |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 3,108 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Opportunity Zone |
Yes |
| Zoning | M1-2 - Light Industrial Districts |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 06997-0001 | Improvements Assessment | $115,051 CAD |
| Land Assessment | $8,550 CAD | Total Assessment | $123,601 CAD |
Property Taxes
Parcel Number
06997-0001
Land Assessment
$8,550 CAD
Improvements Assessment
$115,051 CAD
Total Assessment
$123,601 CAD
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