1899 Coney Island Avenue
Brooklyn, NY 11230
MLS #410828

Mixed Use
  • 4,446sq ft
$2,095,000
Est. P&I payment: $8001.48/mo
1899 Coney Island Avenue, Brooklyn, NY 11230
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Description for 1899 Coney Island Avenue, Brooklyn, NY 11230
Prime location in heart of Midwood on Coney Island Ave near Kings Hwy. 2015 Construction. 2 family and store. Fully occupied. All tenants pay own utilities and have 3% increases every year. 1st floor is 2000 sqft with full basement. Current tenant is Joseph Burger restaurant ($5835 per month ), 2nd floor has 3 bedrooms with 2 full baths and 500 sqft porch. ($2300 per month), 3rd floor has 3 bedrooms with 2 full baths and balcony. ($2200 per month). Both apartments have stainless steel appliances including dishwasher, stove, 2 door fridge, microwave. Washer and dryer hook up in the unit. Open modern kitchen with granite counters. Hardwood flooring. Split system units in each room (AC and Heat). Net operating income is $111000 per year. Could be sold as package deal 1899-1909 Coney Island Ave (4 stores and 8 apartments) with current NOI $456,000 per year for $8,499,000. Submit your offer.
MLS #410828
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My Notes for MLS #410828

General Features

  • Lot Number: 68
  • Number Of Available Units: 3
  • Number Of Families: 3
  • Number Of Stores: 3
  • Owner Occupied: No
  • Property Sub Type: Mixed Use
  • Property Type: Mixed Use
  • Status: Active
  • Unit Count: 3
  • Year Built: 2015
  • Zoning: R7A

Utility Features

  • Electric: 110 V
  • Hot Water: Gas
  • Utility Expense: 600

Financial Features

  • Assessment Fee End Date: 0000-00-00 00:00:00
  • Cap Rate: 0.05
  • Financing: Bank Mortgage,​Cash,​Negotiable
  • Gross Expense: 13,347
  • Gross Income: 124,020
  • Heat Delivery: Hot Air
  • Heating Fuel: Electric
  • Insurance Expense: 2,300
  • Net Operating Income: 110,673
  • Tax Abatement End Date: 0000-00-00 00:00:00
  • Tax Amount: 7,947
  • Tenant Lease End Date: 0000-00-00 00:00:00
  • Transaction Type: Sale

Interior Features

  • Basement Amenities: Full,​Partial
  • Ceiling Height: Varied Height
  • Commercial Features Interior: Fire - Smoke Alarm,​Intercom,​Kitchen,​Other
  • Flooring: Ceramic,​Concrete,​Granite,​Hardwood
  • Lavatories: Other
  • Sq Ft Total: 4,446
  • Stories: 3

Miscellaneous Features

  • Block: 6,758
  • Certificate Of Occupancy YN: 1
  • Date Available: 0000-00-00 00:00:00
  • 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: 2,000
  • Building Length: 100
  • Building Type: Attached
  • Building Width: 20
  • Commercial Features Exterior: Other
  • Construction Materials: Block,​Brick
  • Exterior: Stucco
  • Foundation Details: Block,​Poured Concrete
  • Loading Docks: None
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Lot Sq Ft: 2,000
  • Roof: Flat
  • Yard: Other

Location

 
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The listing information for 1899 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 $8001.48
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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 10/17/2017 at 8:10pm
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