Two-Story Office and Retail
2357 Coney Island Ave Brooklyn, NY 11223
2357 Coney Island Ave, Brooklyn, NY, 11223
$1,359,000
For Sale
$1,359,000
Completely renovated building with first-floor retail/office space and available second-floor office units.
Property Size1,500 SF
Price / SF$906
Days on Market75
Property Features for 2357 Coney Island Ave
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Commercial
Listing agency
(718) 407-6366
Listed by
Valeriy Millerman
(718) 407-6366
Source
Elliman
Added: May 9 Updated: Jul 21 at 1:30AM Checked: Jul 21 at 5:49AM
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 Valeriy Millerman
Investment Insights
Based on property information with market context.
This completely renovated two-story building includes first-floor store or office space and multiple second-floor office suites. The first floor is described as 1,500 square feet with a two-year lease remaining. Second floor Office #2 and Office #3 are available, with projected rents noted for each unit.
The property is located at 2357 Coney Island Ave in Brooklyn, NY. Reported walk, bike, and transit scores indicate strong access for pedestrians, cyclists, and public transportation.
The building’s current configuration supports a mixed retail/office setup, with tenancy in place on the first floor and leasing availability on the second floor.
The property is located at 2357 Coney Island Ave in Brooklyn, NY. Reported walk, bike, and transit scores indicate strong access for pedestrians, cyclists, and public transportation.
The building’s current configuration supports a mixed retail/office setup, with tenancy in place on the first floor and leasing availability on the second floor.
Key Highlights
- First‑floor store/office offering 1,500 sq. ft. with a 2‑year lease left
- Available second‑floor Office #2 with projected rent of $1,400/month
- Available second‑floor Office #3 with projected rent of $1,600/month
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 | $116.6k | $77.76 |
| − Vacancy | −$13.9k | −$9.25 |
| EGI | $102.8k | $68.51 |
| − OpEx | −$30.8k | −$20.55 |
| NOI | $71.9k | $47.95 |
1,500 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$899.2K – $1.20M
NOI $71,932 @ 7.0% cap · market cap 5.29%
Second Best
Office B
$534.6K
$467.8K – $623.7K
NOI $37,422 @ 7.0% cap · market cap 2.75%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,940 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Roadcraft Driving Academy
Training Center
Huvoo
(Bike/Boat/Book/etc) Store
United National Realty
Real Estate Agency
Saiat Stepanian, MS
Physician
FEELREAL, Inc.
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Completely renovated building with first-floor retail/office space and available second-floor office units.
Where is this office units located?
The property is located at 2357 Coney Island Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,359,000.
What are key features of this property?
This property features: First‑floor store/office offering 1,500 sq. ft. with a 2‑year lease left; Available second‑floor Office #2 with projected rent of $1,400/month; Available second‑floor Office #3 with projected rent of $1,600/month
