Retail-Office Building with
1380 Coney Island Avenue Brooklyn, NY 11230
New
For Sale
$4,999,000
COMMERCIAL - Brooklyn, NY
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$833.17
Days on Market2
Property Features for 1380 Coney Island Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5,OP,C1-3
Basement
Finished
Standard status
Active
Size
6,000 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
40771
Building Details
Year built
1930
Floors in Building
1
Number of units
1
Flooring type
Laminate, Ceramic, Carpet, Granite
Building materials
Brick
Roof type
Flat
Listing Agency:
GW Realty Inc.
(917) 449-3902
Listed By:
Mari Mineh
(917) 449-3902
Added: Jul 27
Last Checked: Jul 28 at 2:06PM
MLS# 503296
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1380 Coney Island Avenue in Brooklyn, this for-sale commercial property includes an existing office and retail build-out. The space features cashier stations and display windows, along with office cubicles and workstations, storage racks, and split-unit HVAC systems intended to support both office and retail operations.
The property is situated under zoning R5, OP, and C1-3 (as stated in the listing information). The commercial size is listed as 6,000 square feet, with a lot size of 0.1377 acres.
Designed for flexibility, the current configuration combines customer-facing retail elements with dedicated office space, making it suitable for users seeking an in-place layout for professional, community, or retail needs.
The property is situated under zoning R5, OP, and C1-3 (as stated in the listing information). The commercial size is listed as 6,000 square feet, with a lot size of 0.1377 acres.
Designed for flexibility, the current configuration combines customer-facing retail elements with dedicated office space, making it suitable for users seeking an in-place layout for professional, community, or retail needs.
Key Highlights
- Brick commercial property at 1380 Coney Island Avenue, Brooklyn, NY 11230 (Midwood)
- Built in 1930 with flat roof
- Existing office and retail build‑out with cashier stations, display windows, and storage racks
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $466.6k | $77.76 |
| − Vacancy | −$55.5k | −$9.25 |
| EGI | $411.0k | $68.51 |
| − OpEx | −$123.3k | −$20.55 |
| NOI | $287.7k | $47.95 |
6,000 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.80M
NOI $287,728 @ 7.0% cap · market cap 5.76%
Second Best
Office B
$2.14M
$1.87M – $2.49M
NOI $149,688 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,760 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Mixed office and retail build-out includes cashier stations, display windows, office workspaces, storage, and split-unit HVAC.
Where is this office units located?
The property is located at 1380 Coney Island Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: Brick commercial property at 1380 Coney Island Avenue, Brooklyn, NY 11230 (Midwood); Built in 1930 with flat roof; Existing office and retail build‑out with cashier stations, display windows, and storage racks
