Mixed-Use Building with
1135 Coney Island Avenue Brooklyn, NY 11230
1135 Coney Island Avenue, Brooklyn, NY, 11230
$1,999,999
For Sale
$1,999,999
Five-family residential building with a ground-floor storefront and unused air rights, zoned R6A/C2-4.
Property Size3,680 SF
Price / SF$543.48
Days on Market196
Property Features for 1135 Coney Island Avenue
General Information
- Standard status
- Active
- Size
- 3,680 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing agency
ROCKAWAY PROPERTIES
(718) 634-3134
Listed by
Tracy C. Gilyutin
(718) 634-3134
Source
Compass
Added: Jan 7 Updated: Jul 21 at 1:32PM Checked: Jul 22 at 7:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROCKAWAY PROPERTIES
Investment Insights
Based on property information with market context.
This mixed-use property includes a five-family residential building with a ground-floor storefront. The offering is zoned R6A/C2-4 and includes approximately 2,000 square feet of unused air rights. The building is described as fully occupied, with one residential unit currently vacant.
The property is located in Brooklyn with proximity to transportation, shopping, and neighborhood amenities, supporting convenient day-to-day access for residents and storefront customers.
With residential and retail components under one roof, the configuration offers income diversification, while the unused air-rights component adds an additional development consideration for qualified investors.
The property is located in Brooklyn with proximity to transportation, shopping, and neighborhood amenities, supporting convenient day-to-day access for residents and storefront customers.
With residential and retail components under one roof, the configuration offers income diversification, while the unused air-rights component adds an additional development consideration for qualified investors.
Key Highlights
- Five‑family residential building with a ground‑floor storefront for mixed‑use income
- Zoned R6A/C2‑4, with approximately 2,000 sq ft of unused air rights
- Fully occupied property with 1 vacant residential unit; tenants are paying in full and on time
Local 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 | $286.2k | $77.76 |
| − Vacancy | −$34.1k | −$9.25 |
| EGI | $252.1k | $68.51 |
| − OpEx | −$75.6k | −$20.55 |
| NOI | $176.5k | $47.95 |
3,680 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.52M
$2.21M – $2.94M
NOI $176,473 @ 7.0% cap · market cap 8.82%
Second Best
Mixed Use
$1.91M
$1.67M – $2.23M
NOI $133,584 @ 7.0% cap · market cap 6.68%
Theoretical Best
Specialty Retail
$3.05M
$2.67M – $3.55M
NOI $213,293 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coney Island Barber
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Five-family residential building with a ground-floor storefront and unused air rights, zoned R6A/C2-4.
Where is this mixed-use property located?
The property is located at 1135 Coney Island Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Five‑family residential building with a ground‑floor storefront for mixed‑use income; Zoned R6A/C2‑4, with approximately 2,000 sq ft of unused air rights; Fully occupied property with 1 vacant residential unit; tenants are paying in full and on time
