Mixed-Use Property with Retail
For Sale
$4,799,000
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$799.83
Days on Market47
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
Changed: Oct 25
Last Checked: Oct 30 at 1:52PM
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.
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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 / Yr
$287,728
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
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
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 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 6.00%
Second Best
Mixed Use
$3.11M
$2.72M – $3.63M
NOI $217,800 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,760 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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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
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 $4,799,000.
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
