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- LoopNet Team
1737 Coney Island Ave
Brooklyn, NY 11230
Retail Property For Sale
Investment Highlights
- Projected 7.5 CAP!!
PROPERTY FACTS
About 1737 Coney Island Ave , Brooklyn, NY 11230
Great Mixed Use opportunity with option for redevelopment. Commercial Mixed use building currently 2200 SF Retail 1100 SF (short term tenant in place @ $3600 PM) Office 1100 SF **** Plans are being drafted to extend the building. First phase will be to extend the commercial all the way back to property line creating a 1600 sf commercial space. Projected Rent $5000 Second phase to extend 3 floors 5 apartments. 2ND FL 4 bedroom 1.5 Baths and Balcony Projected Rent $3,400 3RD FL ( Two Apts ) 2 bed Projected $1,900 and 1 one bed $1,600 4TH & 5TH Floors Two 2 bed Duplex apts floor 4 and 5 Projected $2200 Each Total Projected Income $195,600 Projected expenses $39,000 Projected NOI $156,600 Projected Cap Rate 7.1% Based on Acquisition cost $1,350,000 Construction Cost $850,000
PROPERTY TAXES
| Parcel Number | 06749-0095 | Improvements Assessment | $116,194 |
| Land Assessment | $6,916 | Total Assessment | $123,110 |
PROPERTY TAXES
