3165 Coney Island AveBrooklyn, NY 11235

Property Details for 3165 Coney Island Ave

Year built

1930

Lot size

0.03 AC

Property size (Sq ft)

3,120 SF

Zone code

R6

Property type

Investment properties

Property subtype

Live-work space

APN

08707-0069

APU

87070069

Description

This exceptional 1,000-square-foot retail space is ideally situated at 3165 Coney Island Avenue in Brooklyn, New York, 11235. Boasting a prominent 20-foot frontage on Coney Island Avenue, this single-tenant property offers unparalleled visibility and branding opportunities within a high-traffic area. The space includes a sizable basement, adding significant potential for storage or expansion. The property benefits from a central HVAC system, ensuring year-round comfort. Its convenient location places it steps away from public transportation, providing easy accessibility for both customers and employees. The zoning designation is R6, C1-2, offering flexibility for a variety of retail uses. This Kings County property presents a rare opportunity to establish a thriving business in a vibrant and densely populated neighborhood. The address is easily accessible via Brighton Beach Avenue. This turnkey retail space is ready for immediate occupancy and represents a strong investment in a prime commercial location. The property's size and location make it an ideal choice for a variety of retail businesses seeking high visibility and convenient access to public transportation.

• CAP approach

  CAP return

  Valuation

  6%

  $515,829

  6.5%

  $476,150

  7%

  $442,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,659

  Geo Method

  $407,659

• Alternative Use

  Use

  Valuation

  Residential

  $590,426

  Hospitality

  $540,827

  Educational

  $449,962

  Medical

  $465,437

  Retail

  $699,941

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5789

Longitude

-73.9594

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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