2776 Coney Island Ave | Brooklyn, NY 11235
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2776 Coney Island Ave
Brooklyn, NY 11235
Retail Property For Sale
Executive Summary
Corner mix use building for Sale in prime Sheepshead Bay/Gravesend area. The opportunity consists of 4 residential units ( free market 2 x two bedrooms and 2 x one bedrooms) above 2 commercial ( retail and office) with full finished basement. The 4500 SF building sits on a 2500 SF irregular lot with C2-2/R5/OP zoning. The property is conveniently accessible via public transit with the Sheepshead Bay Rd train station B and Q Trains in short proximity. Sheepshead Bay has cemented itself in the New York City real estate market for its sound investment fundamentals, great accessibility & diverse cultural offerings. The property is 100% occupied with month-to-month leases (except retail). Current Net Operating Income is $153000 ( Projected $177000). This property has great upside potential!!!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,892 SF
Year Built
1931
Price
$4,123,800 CAD
Price Per SF
$843 CAD
Cap Rate
5.28%
NOI
$217,762 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.45
Lot Size
0.05 AC
Zoning
R5 - C2-2/R5/OP
Frontage
21 ft on Coney Island Ave
PROPERTY TAXES
| Parcel Number | 07224-0030 | Improvements Assessment | $151,811 CAD |
| Land Assessment | $195,186 CAD | Total Assessment | $346,997 CAD |
PROPERTY TAXES
Parcel Number
07224-0030
Land Assessment
$195,186 CAD
Improvements Assessment
$151,811 CAD
Total Assessment
$346,997 CAD
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