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    534-544 Coney Island Ave Brooklyn, NY 11218

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    For Sale
    Contact for pricing

    Premier development site in an undersupplied and growing submarket.

    Lot size:
    0.23 Acres

    Property Features for 534-544 Coney Island Ave

    General Information

    Lot size
    0.23 Acres

    Source: JLL | New York City Agent Michael Mazzara

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Site in Prospect Park

    The property, situated at the intersection of Coney Island Avenue and Hinckley Place in Prospect Park South, Brooklyn, is a development site with a 10,160 square foot footprint. It allows for the construction of up to 60,960 ZFA. Currently, the site is occupied by QSR NYC LLC, which owns the KFC tenant interest and makes monthly ground lease payments. The ground lease includes a 120-day demolition clause, offering developers an opportunity for redevelopment in a growing submarket.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -73.970478
    Latitude
    40.643958

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    FAQs

    What type of property is this?
    Land - Premier development site in an undersupplied and growing submarket.
    Where is this land located?
    The property is located at 534-544 Coney Island Ave Brooklyn, NY.
    What are key features of this property?
    This property features: - Premier development site in Prospect Park South.; - Significant development potential with up to 60,960 ZFA.; - Prime corner location at the intersection of Coney Island Avenue and Hinckley Place.
    (212) 812-5700
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    534-544 Coney Island Ave Brooklyn, NY 11218
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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
    534-544 Coney Island Ave Brooklyn, NY 11218
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