Two-Family Home Coney Island
2967 Coney Island Avenue Brooklyn, NY 11235
2967 Coney Island Avenue, Brooklyn, NY, 11235
$989,000
For Sale
$989,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,280 SF
Lot Size0.05 Acres
Price / SF$772.66
Days on Market275
Property Features for 2967 Coney Island Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C8-1
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,280 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5244
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Flooring type
- Carpet, Concrete, Ceramic
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
Kaloshi Real Estate Inc
(718) 287-5200
915 Coney Island Ave, Brooklyn, NY
Listed by
Javed Iqbal · License #10311203437
(718) 287-5200
Added: Oct 19, 2025 Updated: Jul 11 at 7:34 pm Checked: Jul 20 at 9:06 pm
MLS# 496715
Listing URL
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.
This is a two-family home featuring a full finished basement. The property is situated close to shopping, schools, hospitals, and public transportation. It is suitable for multi-generational living or rental income opportunities. The property is located on Coney Island Avenue in Brooklyn, NY. The lot size is 0.0459 acres and the property size is 1280 square feet. The zoning is C8-1.
Key Highlights
- Two‑family home with a full finished basement
- Brick construction
- Built in 1915
Local Financial Insights For Multifamily LT 5
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 | $65.3k | $51.00 |
| − Vacancy | −$1.2k | −$0.97 |
| EGI | $64.0k | $50.03 |
| − OpEx | −$19.2k | −$15.01 |
| NOI | $44.8k | $35.02 |
1,280 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$640.4K
$560.4K – $747.1K
NOI $44,828 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$558.2K
$488.5K – $651.3K
NOI $39,077 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$1.06M
$927.4K – $1.24M
NOI $74,189 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home in prime location near shopping and transportation.
Where is this duplex located?
The property is located at 2967 Coney Island Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Two‑family home with a full finished basement; Brick construction; Built in 1915
