610 Coney Island AveBrooklyn, NY 11218
- Retail properties
- 10,230 SF
Property Details for 610 Coney Island Ave
- Year built
- 1930
- Property size (Sq ft)
- 10,230 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use investment property, located at 610-616 Coney Island Avenue in Brooklyn's Kensington neighborhood, presents a compelling opportunity. Built in 1930, this three-story building offers 10,230 square feet of space, plus an additional 6,000 square feet in the basement, currently housing four tenants with 100% occupancy. The property boasts two drive-ins with lifts, providing convenient access for automotive businesses. Its strategic location offers easy access to public transportation, with the Q train a short walk away at the Beverley Road station and the F and G trains nearby. The lot size is 8,040 square feet, extending to East 9th Street. The asking price is $5,750,000, representing a price per square foot of $562.07 and a 6.00% cap rate. The property is zoned R5, C2-3, offering flexibility for future development. This core investment opportunity is ideal for those seeking a strong return in a vibrant Brooklyn location.
Location Insight
- City
- Brooklyn
- County
- Kings
- State
- New York
- Latitude
- 40.6423
- Longitude
- -73.97
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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