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610-616 Coney Island Ave 10,230 SF 100% Leased Retail Building Brooklyn, NY 11218 $7,055,289 CAD ($689.67 CAD/SF) 8% Cap Rate
EXECUTIVE SUMMARY
Located in the Kensington neighborhood in Brooklyn, 610-616 Coney Island Avenue was built in 1930 and has 3 stories and 4 units. One Story building 10,230 SF + 6,000 SF Basement. Site extends rear to East 9th Street. 2 Drive-Ins with Lifts. Easy access to transportation with the Q train a short walk to the Beverley Road station with the F-G trains nearby.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$361,065
|
$35.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$361,065
|
$35.29
|
| Taxes |
$96,837
|
$9.47
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$96,837
|
$9.47
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $361,065 |
| Annual Per SF | $35.29 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $361,065 |
| Annual Per SF | $35.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $96,837 |
| Annual Per SF | $9.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $96,837 |
| Annual Per SF | $9.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,230 SF
Building Class
B
Year Built
1930
Price
$7,055,289 CAD
Price Per SF
$689.67 CAD
Cap Rate
8%
NOI
$564,423 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.11
Lot Size
0.21 AC
Zoning
R5 - medium density residential
Frontage
48’ on Coney Island Ave
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (98)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05361-0025 | Total Assessment | $1,099,733 CAD (2025) |
| Land Assessment | $204,454 CAD (2025) | Annual Taxes | $96,837 CAD ($9.47 CAD/SF) |
| Improvements Assessment | $895,280 CAD (2025) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
05361-0025
Land Assessment
$204,454 CAD (2025)
Improvements Assessment
$895,280 CAD (2025)
Total Assessment
$1,099,733 CAD (2025)
Annual Taxes
$96,837 CAD ($9.47 CAD/SF)
Tax Year
2024 Payable 2024
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610-616 Coney Island Ave
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