Office Units with Retail
New
For Sale
$4,999,000
1380 Coney Island Ave, Brooklyn, NY 11230
Existing office and retail build-out with cashier stations, display windows, and split-unit HVAC systems.
Days on Market6
Property Features for 1380 Coney Island Ave
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Public Transit
Yes
Amenities
cashier stations
display windows
office cubicles
workstations
storage racks
split-unit HVAC systems
Building Details
Building Size
6,000 SF
Year Built
1930
Listing Agency:
GW Realty, LLC
(917) 449-3902
Listed By:
Mari Mineh
(917) 449-3902
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 1 at 6:24AM
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 GW Realty, LLC
Investment Insights
Based on property information with market context.
1380 Coney Island Avenue offers office units with an existing office-and-retail build-out. The space includes cashier stations and display windows, along with office cubicles and workstations for day-to-day operations. Storage racks provide additional capacity, and the property is served by split-unit HVAC systems to support tenant comfort and workflow.
Built in 1930, the property is positioned at 1380 Coney Island Ave in Brooklyn, NY 11230, on a commercial corridor in Midwood. The surrounding mobility profile is strong, with a BikeScore of 80 (Very Bikeable), WalkScore of 79 (Very Walkable), and a TransitScore of 90 (Rider’s Paradise).
This configuration supports flexible use as an office setting or retail operation, with room for organizations that need both front-of-house and workspace components.
Built in 1930, the property is positioned at 1380 Coney Island Ave in Brooklyn, NY 11230, on a commercial corridor in Midwood. The surrounding mobility profile is strong, with a BikeScore of 80 (Very Bikeable), WalkScore of 79 (Very Walkable), and a TransitScore of 90 (Rider’s Paradise).
This configuration supports flexible use as an office setting or retail operation, with room for organizations that need both front-of-house and workspace components.
Key Highlights
- Office‑and‑retail build‑out with cashier stations and display windows
- Office cubicles and workstations included for operational flexibility
- Storage racks provide additional on‑site support space
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 | $466.6k | $77.76 |
| − Vacancy | −$55.5k | −$9.25 |
| EGI | $411.0k | $68.51 |
| − OpEx | −$123.3k | −$20.55 |
| NOI | $287.7k | $47.95 |
6,000 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.80M
NOI $287,728 @ 7.0% cap · market cap 5.76%
Second Best
Office B
$2.14M
$1.87M – $2.49M
NOI $149,688 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,760 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,757
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Existing office and retail build-out with cashier stations, display windows, and split-unit HVAC systems.
Where is this office units located?
The property is located at 1380 Coney Island Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: Office‑and‑retail build‑out with cashier stations and display windows; Office cubicles and workstations included for operational flexibility; Storage racks provide additional on‑site support space
