Mixed-Use Property with
For Sale
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3149 Coney Island Avenue, Brooklyn, NY 11235
Three-level commercial building with restaurant operations and ancillary storage and event space.
Property Size2,240 SF
Price / SF$624.55
Days on Market55
Property Features for 3149 Coney Island Avenue
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Retail
Net Operating Income
$96,927
Building Details
Year Built
1930
Stories
2
Units
1
Listing Agency:
Calemine & Co. Real Estate, LL
Listed By:
Louis J Calemine · License #New York
(718) 998-1100
Source:
Crexi
Added: Aug 27
Changed: Oct 15
Last Checked: Oct 19 at 6:16AM
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 Calemine & Co. Real Estate, LL
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Investment Insights
Based on property information with market context.
This mixed-use property was built in 1930 and includes 2,240 square feet across a first floor, basement, and second floor. The restaurant occupies the first floor and basement, while the second floor is being used for storage and event functions associated with the restaurant operation.
The building is located at 3149 Coney Island Avenue in Brooklyn’s Brighton Beach area. One restaurant operator has occupied the property for 30+ years under a lease scheduled to end in January 2028. The lease is available for review upon request, and the property may be delivered vacant.
The building is located at 3149 Coney Island Avenue in Brooklyn’s Brighton Beach area. One restaurant operator has occupied the property for 30+ years under a lease scheduled to end in January 2028. The lease is available for review upon request, and the property may be delivered vacant.
Key Highlights
- 2,240‑square‑foot mixed‑use building constructed in 1930
- Restaurant use spans the first floor and basement
- Second floor currently serves as storage and event space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,312
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,240
$1.6M
Cap Rate 7%
$1,161,600
$1.2M
Cap Rate 9%
$903,467
$903.5K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$147.8K $66.00/SF
− Vacancy
−$17.7K −$7.92/SF
EGI
$130.1K $58.08/SF
− OpEx
−$48.8K −$21.78/SF
NOI
$81.3K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,240
Cap Rate 7%
$1,161,600
Cap Rate 9%
$903,467
Alternative Uses
Best Use
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,830 @ 7.0% cap · market cap 9.28%
Second Best
Mixed Use
$1.16M
$1.02M – $1.36M
NOI $81,312 @ 7.0% cap · market cap 5.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,130
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 34%
Electronics 15%
Starbucks
Dining
18,545 visits/mo
0.1 miles
Mobil
Shops & Services
16,113 visits/mo
0.2 miles
Chase Bank
Shops & Services
15,188 visits/mo
0.1 miles
AT&T
Electronics
8,318 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,300 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level commercial building with restaurant operations and ancillary storage and event space.
Where is this mixed-use property located?
The property is located at 3149 Coney Island Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 2,240‑square‑foot mixed‑use building constructed in 1930; Restaurant use spans the first floor and basement; Second floor currently serves as storage and event space
