Office Units with Retail
For Sale
$4,999,000
1380 Coney Island Avenue, Brooklyn, NY 11230
COMMERCIAL - Brooklyn, NY
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$833.17
Days on Market24
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
Taxes and HOA fees
Tax Annual Amount
40771
Building Details
Year built
1930
Floors in Building
1
Number of units
1
Flooring type
Granite, Carpet, Laminate, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
GW Realty Inc.
(917) 449-3902
Listed By:
Mari Mineh
(917) 449-3902
Added: Jul 27
Changed: Aug 5
Last Checked: Aug 19 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This office-unit property includes an existing office and retail build-out designed for immediate use. Interior features include cashier stations, display windows, office cubicles and workstations, and storage racks. HVAC is provided through split-unit systems, supporting flexible use across office and retail areas. Flooring includes carpet, granite, ceramic, and laminate, and the building is constructed with brick.
Set on a 0.1377-acre lot, the property totals 6,000 square feet. It was built in 1930 and has a flat roof.
Zoning is listed as R5, OP, and C1-3, supporting a range of business and community-facing configurations consistent with the existing office and retail layout.
Set on a 0.1377-acre lot, the property totals 6,000 square feet. It was built in 1930 and has a flat roof.
Zoning is listed as R5, OP, and C1-3, supporting a range of business and community-facing configurations consistent with the existing office and retail layout.
Key Highlights
- 6,000 SF office‑unit property with existing office and retail build‑out
- 0.1377‑acre lot with brick construction and flat roof
- Built in 1930 with split‑unit HVAC systems
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
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
Property Profile
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 - Brick office units with retail build-out and split-unit HVAC systems, zoned R5, OP, and C1-3.
Where is this office units 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 SF office‑unit property with existing office and retail build‑out; 0.1377‑acre lot with brick construction and flat roof; Built in 1930 with split‑unit HVAC systems
