Two-Family Home with Finished
For Sale
$989,000
2967 Coney Island Avenue, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size1,280 SF
Lot Size0.05 Acres
Price / SF$772.66
Days on Market374
Property Features for 2967 Coney Island Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C8-1
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3
Basement
Full, Finished
Subdivision
Brighton Beach
Standard status
Active
Size
1,280 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5244
Building Details
Year built
1915
Floors in Building
2
Flooring type
Ceramic, Concrete, Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
Kaloshi Real Estate Inc
Listed By:
Javed Iqbal
(718) 287-5200
Added: Oct 19, 2025
Changed: Oct 20
Last Checked: Oct 27 at 11:06AM
MLS# 496715
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.
Located at 2967 Coney Island Avenue in Brooklyn, this two-family home contains 1,280 square feet of property space on a 0.0459-acre lot. The residence includes five bedrooms, three bathrooms, and a full finished basement, with ceramic, concrete, and carpet flooring throughout. Brick construction, a shingle roof, and a 1915 build date further define the property.
The property is zoned C8-1 and sits near shopping, schools, hospitals, and public transportation. Its Coney Island Avenue location provides an established Brooklyn setting for a two-family residential property.
The property is zoned C8-1 and sits near shopping, schools, hospitals, and public transportation. Its Coney Island Avenue location provides an established Brooklyn setting for a two-family residential property.
Key Highlights
- Two‑family home with a full finished basement
- 1,280 square feet on a 0.0459‑acre lot
- Five bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,828
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,560
$896.6K
Cap Rate 7%
$640,400
$640.4K
Cap Rate 9%
$498,089
$498.1K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$65.3K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$64.0K $50.03/SF
− OpEx
−$19.2K −$15.01/SF
NOI
$44.8K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,560
Cap Rate 7%
$640,400
Cap Rate 9%
$498,089
Alternative Uses
Best Use
Multifamily LT 5
$640.4K
$560.4K – $747.1K
NOI $44,828 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$558.2K
$488.5K – $651.3K
NOI $39,077 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$1.06M
$927.4K – $1.24M
NOI $74,189 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick construction with ceramic, concrete, and carpet flooring across a five-bedroom, three-bathroom residence.
Where is this duplex located?
The property is located at 2967 Coney Island Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Two‑family home with a full finished basement; 1,280 square feet on a 0.0459‑acre lot; Five bedrooms and three bathrooms
