3099 Coney Island, Brooklyn, New York

$1,659,000

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3,705

Square feet

About 3099 Coney Island

Introducing a prime investment opportunity situated on a highly trafficked corridor in the vibrant heart of Brighton Beach. This impressive three-story building offers approximately 4,000 square feet of rentable space, strategically positioned along the bustling Coney Island Avenue for maximum visibility. Designed with flexibility in mind, the second and third floors are fully vacant, originally intended for medical office use but adaptable to a variety of purposes. The ground floor currently houses a doctor's office on a month-to-month lease, providing immediate income potential. With R6 zoning, there is an opportunity for vertical expansion, further enhancing the property's value. Each floor is equipped with its own central air system, ensuring comfort and convenience for future tenants or business operations. This property presents an excellent opportunity for both business and investment purposes, with a projected annual income of $140,000 and a minimum 6% cap rate. Don’t miss the chance to secure this exceptional asset.

Features of 3099 Coney Island

MLS® # 485178
Price $1,659,000
Bathrooms 0.00
Square Footage 3,705
Year Built 1999
Type Commercial
Sub-Type Commercial
Status Active

Community Information

Address 3099 Coney Island
Area Brighton Beach
City Brooklyn
County Kings (Brooklyn)
State New York
Zip Code 11235

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Laminate, Tile
Interior Features Elevator – Passenger
Heating Hot Air
Fireplace No
Has Basement Yes
Basement Finished, Full

Exterior

Exterior Brick
Exterior Features Fence - Full
Roof Flat, Rubber
Construction Brick
Foundation Block

Additional Information

Date Listed August 14th, 2024
Days on Market 722
Zoning R6
Tax $23,346

Listing Map

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