1899-1909 Coney Island Avenue
Brooklyn, NY 11230
MLS #410841

Commercial
  • 17,784sq ft
$8,499,000
Est. P&I payment: $32460.42/mo
1899-1909 Coney Island Avenue, Brooklyn, NY 11230
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Description for 1899-1909 Coney Island Avenue, Brooklyn, NY 11230
Prime location in the heart of Midwood on Coney Island Ave near Kings Hwy. 2015 Construction. Package deal. 1899-1909 Coney Island Ave. Four Mixed Use buildings. 4 Commercial stores and 8 apartments. All tenants have 3% increases and pay own utilities. 80ft of frontage on Coney Island Ave. Zoned R7A. 15000 Sqft unused air rights. FAR 4. Total 32000 buildable. 4 commercial stores built 20x100x4=8000sqft. All apartments are 3 bedrooms with 2 full baths and outdoor space. Modern kitchens with granite counters, stainless steel appliances ( dishwasher, microwave, stove, 2 door fridge), washer and dryer hook up, split system in each room ( AC and Heat ), hardwood flooring. Current Net Operating Income is $456,000 per year. 5,3% Cap Rate at asking price. Submit your offers. Please note that each building can be also sold separately. 1899 Coney island Ave- $2,095,000, 1901 Coney Island Ave- $2,142,000, 1907 Coney Island Ave- $2,179,000, 1909 Coney Island Ave- $2,233,000
MLS #410841
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My Notes for MLS #410841

General Features

  • Current Use: Other
  • Number Of Stores: 3
  • Owner Occupied: No
  • Potential Use: Other
  • Property Sub Type: Commercial
  • Property Type: Commercial
  • Status: Active
  • Unit Count: 4
  • Zoning: R7A

Utility Features

  • AC Units: 5+
  • Equipment Included: none
  • Utility Expense: 2,400

Financial Features

  • Assessment Fee End Date: 0000-00-00 00:00:00
  • Cap Rate: 0.05
  • Financing: Bank Mortgage,​Cash
  • Gross Expense: 57,802
  • Gross Income: 513,324
  • Insurance Expense: 9,900
  • Net Operating Income: 455,522
  • Tax Abatement End Date: 0000-00-00 00:00:00
  • Tax Amount: 35,002
  • Tenant Lease End Date: 0000-00-00 00:00:00
  • Transaction Type: Sale

Interior Features

  • Basement Amenities: Full
  • Ceiling Height: Other
  • Commercial Features Interior: Intercom
  • Lavatories: Other
  • Sq Ft Total: 17,784
  • Stories: 3
  • Walls: Other

Miscellaneous Features

  • Certificate Of Occupancy YN: 1
  • Date Available: 0000-00-00 00:00:00
  • Handicap Access YNU: No
  • Sale Type: Arm's Length

Community Features

  • Borough: Brooklyn
  • City: Brooklyn
  • County Or Parish: Kings (Brooklyn)
  • Cross Street Name: Ave P
  • Cross Street Name 2: Ave O
  • MLS Area Major: Midwood

Exterior Features

  • Building Footprint Sq Ft: 8,000
  • Building Length: 100
  • Building Type: Attached
  • Building Width: 80
  • Commercial Features Exterior: Other
  • Construction Materials: Block,​Brick
  • Foundation Details: Block,​Poured Concrete
  • Loading Docks: None
  • Lot Size Length: 100
  • Lot Size Width: 80
  • Lot Sq Ft: 8,000
  • Roof: Flat

Location

 
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The listing information for 1899-1909 Coney Island Avenue, Brooklyn, NY 11230 was graciously provided by our friends at the listing brokerage, GEO Real Estate Group Inc

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P&I Payment $32460.42
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Top Properties's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Top Properties, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 10/23/2017 at 1:08pm
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