1962 Coney Island Avenue

Brooklyn, NY 11223

About this property

Mixed-Use Investment Opportunity | Commercial + Residential Income | Prime Brooklyn LocationExcellent opportunity to own a well-maintained three-story mixed-use property located along the Coney Island Avenue commercial corridor in Brooklyn. This approximately 3,300 SF building features a ground-floor commercial space with two residential units above, providing multiple income streams and strong investment potential. The property offers a functional layout with spacious residential apartments and a commercial component suitable for long-term income generation. Fully renovated in 2018, the building features updated interiors, separate building systems, multiple electric meters, and separate gas meters, helping provide efficient ownership and management. With low operating expenses and tenants responsible for their own utilities, this property offers an attractive opportunity for investors seeking a stable mixed-use asset. Conveniently located near shopping, dining, public transportation, major roadways, and the Kings Highway B/Q subway station, offering excellent accessibility within Brooklyn. A rare opportunity to acquire an income-producing mixed-use property in a desirable Brooklyn location with commercial exposure, residential upside, and long-term value.

About this property

Mixed-Use Investment Opportunity | Commercial + Residential Income | Prime Brooklyn LocationExcellent opportunity to own a well-maintained three-story mixed-use property located along the Coney Island Avenue commercial corridor in Brooklyn. This approximately 3,300 SF building features a ground-floor commercial space with two residential units above, providing multiple income streams and strong investment potential. The property offers a functional layout with spacious residential apartments and a commercial component suitable for long-term income generation. Fully renovated in 2018, the building features updated interiors, separate building systems, multiple electric meters, and separate gas meters, helping provide efficient ownership and management. With low operating expenses and tenants responsible for their own utilities, this property offers an attractive opportunity for investors seeking a stable mixed-use asset. Conveniently located near shopping, dining, public transportation, major roadways, and the Kings Highway B/Q subway station, offering excellent accessibility within Brooklyn. A rare opportunity to acquire an income-producing mixed-use property in a desirable Brooklyn location with commercial exposure, residential upside, and long-term value.

Features and Additional Information

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$1,998,000 Active
3,300 sqft

Presented By Smitchger Realty

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Get in touch today! Phone: 1-845-534-7874
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B Square Realty
1-718-939-8388
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Area Information

| Kings (Brooklyn) County |

$ 1,998,000
This listing is play_arrow 20.0% higher than the average in the area
$ 1,665,000 in the area
3,300 SqFt
This listing is play_arrow 7.3% larger than the average in the area
3,076 SqFt in the area
$ 605 $/SqFt
This listing is play_arrow 11.1% more than the average in the area
$ 545 $/SqFt in the area
25 days on site
This listing is play_arrow 78.8% below the average in the area
118 days on site in the area

Schools in the Area

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    Elementary School
    Ps 238 Anne Sullivan
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    Middle School
    Edward R Murrow High School
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    High School
    Edward R Murrow High School

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Listed By Li Li
Brokerage: B Square Realty

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