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1848 Coney Island Ave 3 Unit Apartment Building $3,424,275 CAD ($1,141,425 CAD/Unit) Brooklyn, NY 11230
Executive Summary
Presenting 1848 Coney Island Ave, a well-maintained, three-story mixed-use building in Brooklyn offering steady rental income and a thriving commercial presence. The property features two residential units and a ground-floor laundromat, situated on a 20' x 80' lot with a 20' x 55' footprint, plus a full basement for additional storage. Each residential apartment offers 3 bedrooms, 1 bathroom, and a generous living room. The first-floor laundromat generates $3,500 per month with three years remaining on the lease, with the tenant paying all utilities including water. The second-floor apartment rents for $1,600 per month and the third-floor for $1,800 per month, both on a month-to-month basis with heat and hot water included. The building features two separate water meters for added efficiency. Located in a vibrant corridor, this property is close to shops, cafes, Staples, and public transportation. This is a perfect opportunity for an owner-occupant or investor. Residential units may be delivered vacant.
Property Facts
| Price | $3,424,275 CAD | Building Class | C |
| Price Per Unit | $1,141,425 CAD | Lot Size | 0.04 AC |
| Sale Type | Investment or Owner User | Building Size | 3,300 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | C8-2, OP - heavy commercial zoning district designed for automotive, repair, and large-scale, low-intensity manufacturing uses | ||
| Price | $3,424,275 CAD |
| Price Per Unit | $1,141,425 CAD |
| Sale Type | Investment or Owner User |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,300 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | C8-2, OP - heavy commercial zoning district designed for automotive, repair, and large-scale, low-intensity manufacturing uses |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06617-0010 | Improvements Assessment | $152,455 CAD |
| Land Assessment | $16,096 CAD | Total Assessment | $168,551 CAD |
Property Taxes
Parcel Number
06617-0010
Land Assessment
$16,096 CAD
Improvements Assessment
$152,455 CAD
Total Assessment
$168,551 CAD
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1848 Coney Island Ave
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