Storefront Property with Office
For Sale
$4,799,000
1380 Coney Island Avenue, Brooklyn, NY 11230
Commercial, Brooklyn, NY
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$799.83
Days on Market97
Property Features for 1380 Coney Island Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5,OP,C1-3
Basement
Finished
Subdivision
Coney Island
Standard status
Active
Size
6,000 SF
Lot size
0.14 Acres
Additional Details
Condition
Move-in Ready
Taxes and HOA fees
Tax Annual Amount
40771
Building Details
Year built
1930
Floors in Building
1
Number of units
1
Flooring type
Laminate, Carpet, Granite, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
GW Realty Inc.
Listed By:
Mari Mineh
(917) 449-3902
Added: Jul 27
Changed: Oct 30
Last Checked: Oct 31 at 1:06PM
MLS# 503296
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,000-square-foot storefront property combines existing retail and office improvements within a brick building constructed in 1930. The build-out includes cashier stations, display windows, office cubicles, workstations, storage racks, and split-unit HVAC systems. Interior finishes include ceramic, granite, carpet, and laminate flooring, while the building has a flat roof.
The property is located at 1380 Coney Island Avenue in Brooklyn, NY 11230. Zoning is identified as R5, OP, and C1-3. The existing configuration supports retail operations, professional office use, nonprofit office use, and community facility use, as stated in the property information.
The property is located at 1380 Coney Island Avenue in Brooklyn, NY 11230. Zoning is identified as R5, OP, and C1-3. The existing configuration supports retail operations, professional office use, nonprofit office use, and community facility use, as stated in the property information.
Key Highlights
- 6,000 square feet of existing retail and office space
- 0.1377‑acre lot at 1380 Coney Island Avenue, Brooklyn, NY 11230
- Zoning listed as R5,OP,C1‑3
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
Office B
$2.14M
$1.87M – $2.49M
NOI $149,688 @ 7.0% cap · market cap 3.12%
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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Current Use
Location Intelligence
Trade Area within ½ mile
3,757
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- brooklyn florist — 209 Avenue M, Brooklyn, NY 11223
- Flower Boutique — 322 Avenue M, Brooklyn, NY 11230
- N and Coney Fresh Cut Flowers — 1731 Coney Island Ave, Brooklyn, NY 11230
- Otugi Inc — 1106 Avenue N, Brooklyn, NY 11230
- Flowers By Shirley — 619 Avenue M, Brooklyn, NY 11230
Frequently Asked Questions
What type of property is this?
Storefront property - Existing retail and office improvements include display windows, workstations, storage, and split-unit HVAC systems.
Where is this storefront 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 feet of existing retail and office space; 0.1377‑acre lot at 1380 Coney Island Avenue, Brooklyn, NY 11230; Zoning listed as R5,OP,C1‑3
