Mixed-Use Property with Retail
New
For Sale
$4,999,000
1380 Coney Island Avenue, Brooklyn, NY 11230
Existing office and retail improvements include display windows, workstations, storage racks, and split-unit HVAC systems.
Property Size6,000 SF
Price / SF$833.17
Days on Market2
Property Features for 1380 Coney Island Avenue
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Amenities
Cashier Stations
Display Windows
Office Cubicles
Workstations
Storage Racks
Split-unit HVAC Systems
Listing Agency:
GW Realty Inc.
Listed By:
Mari Mineh
(917) 449-3902
Source:
Prideestates
Added: Sep 15
Last Checked: Sep 15 at 2:24PM
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 Inc.
Investment Insights
Based on property information with market context.
This 6,000-square-foot mixed-use commercial property at 1380 Coney Island Avenue includes an existing office and retail build-out. The interior features cashier stations, display windows, office cubicles, workstations, storage racks, and split-unit HVAC systems. The configuration supports office, retail, professional office, community facility, and non-profit uses identified for the space.
Located in Brooklyn’s Midwood neighborhood, the property sits along Coney Island Avenue, a commercial corridor serving retail businesses, professional services, community organizations, and local businesses. Its existing improvements provide a functional base for continued commercial use without requiring a fully unfinished interior build-out.
Located in Brooklyn’s Midwood neighborhood, the property sits along Coney Island Avenue, a commercial corridor serving retail businesses, professional services, community organizations, and local businesses. Its existing improvements provide a functional base for continued commercial use without requiring a fully unfinished interior build-out.
Key Highlights
- 6,000‑square‑foot mixed‑use commercial property
- Existing office and retail build‑out
- Cashier stations, display windows, office cubicles, and workstations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$287,728
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,754,560
$5.8M
Cap Rate 7%
$4,110,400
$4.1M
Cap Rate 9%
$3,196,978
$3.2M
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$466.6K $77.76/SF
− Vacancy
−$55.5K −$9.25/SF
EGI
$411.0K $68.51/SF
− OpEx
−$123.3K −$20.55/SF
NOI
$287.7K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,754,560
Cap Rate 7%
$4,110,400
Cap Rate 9%
$3,196,978
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.80M
NOI $287,728 @ 7.0% cap · market cap 5.76%
Second Best
Mixed Use
$3.11M
$2.72M – $3.63M
NOI $217,800 @ 7.0% cap · market cap 4.36%
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,757
Businesses Nearby
105k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 9%
Home Improvements & Furnishings 2%
TD Bank
Shops & Services
22,439 visits/mo
0.1 miles
7-Eleven
Shops & Services
15,354 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,776 visits/mo
0.2 miles
Sunoco
Shops & Services
11,658 visits/mo
0.3 miles
Apple Bank
Shops & Services
9,250 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing office and retail improvements include display windows, workstations, storage racks, and split-unit HVAC systems.
Where is this mixed-use property located?
The property is located at 1380 Coney Island Avenue 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: 6,000‑square‑foot mixed‑use commercial property; Existing office and retail build‑out; Cashier stations, display windows, office cubicles, and workstations
