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    2776 Coney Island Ave Brooklyn, NY 11235

    For Sale
    $2,900,000

    Mixed Use - Brooklyn, NY

    Type:Mixed Use
    Property size:
    4,892 SF
    Lot size:
    0.06 Acres
    Days on Market:
    315
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 2776 Coney Island Ave

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    C2-2/R5/OP
    Parking
    2
    Size
    4,892 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas, Other (Heating), Steam

    Building Details

    Floors in Building
    3
    Flooring type
    Concrete, Hardwood, Laminate
    Building materials
    Brick
    Roof type
    Asphalt, Flat
    Architectural style
    Other

    A P Services Inc (347) 515-8272

    Listing agent Aliaksei A. (Alex) Palaukou (347) 515-8272

    Listing date Jan 26, 2025

    MLS# 487154 Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Building in Sheepshead Bay

    This mixed-use building is located in the Sheepshead Bay/Gravesend area of Brooklyn. The 4,500 square foot building is situated on a 2,500 square foot irregular lot with C2-2/R5/OP zoning. The property features four residential units, including two two-bedroom and two one-bedroom apartments, located above two commercial spaces consisting of retail and office units. A full finished basement is also included. The property is accessible via public transportation, with the Sheepshead Bay Road train station serving the B and Q lines located nearby. The property is currently 100% occupied with month-to-month leases, except for the retail space. The current Net Operating Income is $156,600, with a projected income of $180,600. Sheepshead Bay is known for its investment fundamentals, accessibility, and diverse cultural offerings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Polinski Dental Dentist VIP Exotic & Snacks ... Tobacco Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.960796
    Latitude
    40.58849

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with residential and commercial units in prime location.
    Where is this mixed-use property located?
    The property is located at 2776 Coney Island Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - High Net Operating Income: Currently $156,600 with projected increase to $180,600.; - Prime Location: Corner mix-use building in Sheepshead Bay/Gravesend area.; - Mix Use Building: Features 4 residential units (2 x two bedrooms, 2 x one bedrooms) and 2 commercial units (retail and office).
    (347) 515-8272
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    2776 Coney Island Ave Brooklyn, NY 11235
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    Brooklyn, NY 11235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2776 Coney Island Ave Brooklyn, NY 11235
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