Three-Story Medical Office
3099 Coney Island Avenue Brooklyn, NY 11235
For Sale
$1,799,000
COMMERCIAL - Brooklyn, NY
Property Size3,705 SF
Lot Size0.04 Acres
Price / SF$485.56
Days on Market709
Property Features for 3099 Coney Island Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R6
- Parking features
- Carport
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,705 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 23346
Building Details
- Year built
- 1999
- Number of units
- 3
- Flooring type
- Laminate, Tile
- Building materials
- Brick
- Roof type
- Rubber, Flat
Listing Agency:
Century 21 Homefront Realty
(718) 252-6060
Listed By:
Igor Yakubinskiy
(718) 252-6060
Added: Aug 14, 2024
Changed: Jul 20
Last Checked: Jul 23 at 10:06PM
MLS# 485178
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 three-story building provides approximately 4,000 square feet of rentable space. The ground floor is currently occupied by a doctor’s office on a month-to-month lease. The second and third floors are fully vacant and were originally intended for medical office use.
The property is situated on Coney Island Avenue in Brighton Beach. Each floor is equipped with its own central air system, supporting independent comfort and operations for future occupants.
Zoned R6, the building offers potential for vertical expansion in accordance with local zoning rules. The listing also notes projected annual income of $140,000 with a minimum 6% cap rate, based on the seller’s assumptions.
The property is situated on Coney Island Avenue in Brighton Beach. Each floor is equipped with its own central air system, supporting independent comfort and operations for future occupants.
Zoned R6, the building offers potential for vertical expansion in accordance with local zoning rules. The listing also notes projected annual income of $140,000 with a minimum 6% cap rate, based on the seller’s assumptions.
Key Highlights
- Three‑story mixed‑use building with approximately 4,000 SF of rentable space on Coney Island Avenue
- Second and third floors are fully vacant and were originally intended for medical office use
- Ground floor has a doctor's office on a month‑to‑month lease
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.1k | $43.20 |
| − Vacancy | −$36.8k | −$9.94 |
| EGI | $123.2k | $33.26 |
| − OpEx | −$30.8k | −$8.32 |
| NOI | $92.4k | $24.95 |
3,705 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,432 @ 7.0% cap · market cap 5.14%
Second Best
Healthcare Medical
$1.23M
$1.07M – $1.43M
NOI $85,897 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$3.07M
$2.68M – $3.58M
NOI $214,742 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Soybelman Dora MD
Physician
Pre Care Speech ...
Physician
Law Offices of Irina ...
Law Firm
B D Manual ...
Medical Clinic
Dr. John H ...
Physician
Similar Off Market Nearby
- Vetco Total Care Animal Hospital — 1610 Ave Y, Brooklyn, NY 11235
- Dr. Jeffrey Z Stein — 126 Brighton 11th St, Brooklyn, NY 11235
- Petco Vaccination Clinic — 1610 Ave Y, Brooklyn, NY 11235
- Brighton 11th Pharmacy INC. — 124 Brighton 11th St, Brooklyn, NY 11235
- Small Friends Veterinary Clinic dr. Olga Korobkova — 360 Neptune Ave, Brooklyn, NY 11235
FAQs
What type of property is this?
Medical Office Space - Three-story building with a ground-floor doctor’s office on month-to-month lease and vacant upper floors.
Where is this medical office space located?
The property is located at 3099 Coney Island Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Three‑story mixed‑use building with approximately 4,000 SF of rentable space on Coney Island Avenue; Second and third floors are fully vacant and were originally intended for medical office use; Ground floor has a doctor's office on a month‑to‑month lease
