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Midwood Multifamily Investment Opportunity
For Sale
$4,750,000

1820 Coney Island Ave, Brooklyn, NY 11230

Solid brick 12-family building in prime Midwood location.

Property Size3,600 SF
Lot Size0.09 Acres
Price / SF$1,319
Days on Market205

Property Features for 1820 Coney Island Ave

General Information

Standard status Active
Size 3,600 SF
Lot size 0.09 Acres
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $27,000
Listing Agency: Double Door Realty Inc
Listed By: Haiem Samouha · License #HS0145
Source: Elliman
Added: Mar 11 Changed: Sep 17 Last Checked: Sep 30 at 12:17PM

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 Double Door Realty Inc

Investment Insights

Based on property information with market context.

Located on Coney Island Avenue in the Midwood section of Brooklyn, this multifamily property features a solid brick, 12-family building. The building measures 40x90 feet and is situated on a 40x100 lot. The property is positioned as an investment opportunity and may also suit use as a school or house of worship. There is potential for apartments to be delivered vacant at closing.

Key Highlights

  • Massive 40x90 building on a 40x100 lot in Midwood.
  • 12‑family solid brick building.
  • Potential for apartments to be delivered vacant at closing.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Hotel & Motel Gym & Fitness Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,718
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Solid brick 12-family building in prime Midwood location.
Where is this apartment building located?
The property is located at 1820 Coney Island Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Massive 40x90 building on a 40x100 lot in Midwood.; 12‑family solid brick building.; Potential for apartments to be delivered vacant at closing.
More about this property
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