3129 Coney Island Avenue Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property Features for 3129 Coney Island Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1
- Patio and Porch features
- Patio
- Interior features
- Dishwasher, Patio Garden, Stove, Washer
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,160 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12708
Building Details
- Year built
- 1932
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Shingle, Flat
Listing agent Soranlly Adames-Lopez (917) 836-1050
Listing office Keller Williams Realty Empire 8508 3rd Ave, Brooklyn, NY (718) 954-8400
Listing date Jul 10, 2026
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 in Brooklyn, the address is 3129 Coney Island Avenue, Brooklyn, NY 11235. Showings are by appointment only, and all prospective buyers must provide a mortgage pre-approval letter or proof of funds prior to scheduling a viewing.
The building’s unit mix provides flexibility for both investors and owner-occupants, with options to take delivery with tenants in place or vacant depending on buyer preference.
Key Highlights
- Legal four‑family building with one 2‑bedroom unit, two 1‑bedroom units, and one studio
- Fully renovated and brought up to code, with major systems and renovations completed
- Tenants are on month‑to‑month leases; rents are below current market value (per listing remarks)
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 | $110.2k | $51.00 |
| − Vacancy | −$2.1k | −$0.97 |
| EGI | $108.1k | $50.03 |
| − OpEx | −$32.4k | −$15.01 |
| NOI | $75.6k | $35.02 |
