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692 Coney Island Ave
Brooklyn, NY 11218
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully renovated mixed-use building with 3 units
- Prime Kensington location near Q train and major bus lines
- Strong demographics with over 171,000 residents within 1 mile
- Stable income with projected cap rate of 5.85%
- Surrounded by national and local retailers in a dense urban setting
EXECUTIVE SUMMARY
Introducing 692 Coney Island Avenue, a prime commercial property located in the heart of Brooklyn, NY. This newly-renovated 2,700 SF building offers a turnkey opportunity with a vanilla box space featuring an expansive glass frontage to showcase your business. Zoned C8-2, the property includes two commercial units and one residential unit, providing versatility for various investment opportunities. With its ideal location and modern updates, this property is perfectly poised to meet the needs of retail and street retail investors seeking a thriving space in the Brooklyn area.
- Prime Coney Island Ave
- Newly renovated
- Turnkey
- 1 commercial unit
- 2 residential units
Located in the Kensington neighborhood of Brooklyn between Avenue C & Cortelyou Rd. Nearest Transit: The Q train at Cortelyou Rd and the B68, BM4, BM3, B103, BM1, BM2, & B35 bus lines. Nearby tenants include KFC, Mobil, 7-Eleven, Dunkin', Sycamore Bar + Flower Shop, Walgreens, Western Union, Early Childhood Development Center Kaleidoscope Inc, McDonald's, Wholesale Building Supply, Michael's Pharmacy, JALSA, Los Mariachis, Milk And Honey Cafe, and more!
- Prime Coney Island Ave
- Newly renovated
- Turnkey
- 1 commercial unit
- 2 residential units
Located in the Kensington neighborhood of Brooklyn between Avenue C & Cortelyou Rd. Nearest Transit: The Q train at Cortelyou Rd and the B68, BM4, BM3, B103, BM1, BM2, & B35 bus lines. Nearby tenants include KFC, Mobil, 7-Eleven, Dunkin', Sycamore Bar + Flower Shop, Walgreens, Western Union, Early Childhood Development Center Kaleidoscope Inc, McDonald's, Wholesale Building Supply, Michael's Pharmacy, JALSA, Los Mariachis, Milk And Honey Cafe, and more!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,000 SF
Building Class
B
Year Built
1910
Price
$2,212,000 CAD
Price Per SF
$737.33 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.72
Lot Size
0.04 AC
Zoning
C8-2 - Located in the Kensington neighborhood of Brooklyn between Avenue C & Cortelyou Rd.
Frontage
PROPERTY TAXES
| Parcel Number | 05378-0016 | Improvements Assessment | $111,854 CAD |
| Land Assessment | $25,398 CAD | Total Assessment | $137,253 CAD |
PROPERTY TAXES
Parcel Number
05378-0016
Land Assessment
$25,398 CAD
Improvements Assessment
$111,854 CAD
Total Assessment
$137,253 CAD
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