Mixed-Use Income
595 Coney Island Avenue Brooklyn, NY 11218
For Sale
$1,650,000
Well-maintained mixed-use building with two residential units, a studio, a three-bedroom apartment, and one storefront.
Property Size4,400 SF
Lot Size0.04 Acres
Price / SF$375
Days on Market96
Property Features for 595 Coney Island Avenue
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Lot size
- 0.04 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1930
Listing Agency:
Binah Realty Services LLC
(917) 282-5303
Listed By:
Rachel Siony · License #sioel5583
(917) 282-5303
Source:
Compass
Added: Apr 20
Changed: Jul 22
Last Checked: Jul 24 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 Binah Realty Services LLC
Investment Insights
Based on property information with market context.
This mixed-use income property includes well-maintained residential space configured as a two-family setup with two-bedroom units, a studio on the second floor, and a three-bedroom apartment on the third floor, along with one storefront. The building is described as first time on the market.
The property is located in the Ditmas Park area and is identified with R6A zoning. The site is listed as 20 by 85.
The stated building size is 20 by 55, supporting the combined residential and retail use described in the offering.
The property is located in the Ditmas Park area and is identified with R6A zoning. The site is listed as 20 by 85.
The stated building size is 20 by 55, supporting the combined residential and retail use described in the offering.
Key Highlights
- Mixed‑use building in Ditmas Park area with two residential units, a studio, a 3‑bedroom apartment, and one storefront
- 3 residential units plus 1 storefront; residential units include 2‑bedroom units and a studio
- Brick construction; building size 20'×55 on a 20'×85 lot
Financial Insights For Apartment 5plus
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 | $249.2k | $56.64 |
| − Vacancy | −$5.0k | −$1.13 |
| EGI | $244.2k | $55.51 |
| − OpEx | −$109.9k | −$24.98 |
| NOI | $134.3k | $30.53 |
4,400 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$3.01M
$2.64M – $3.52M
NOI $211,000 @ 7.0% cap · market cap 12.79%
Second Best
Multifamily LT 5
$2.20M
$1.93M – $2.57M
NOI $154,095 @ 7.0% cap · market cap 9.34%
Theoretical Best
Specialty Retail
$3.64M
$3.19M – $4.25M
NOI $255,024 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Lobby
Hotel & Motel
Allowyoga
Alternative Medicine Practice
FAQs
What type of property is this?
Triplex - Well-maintained mixed-use building with two residential units, a studio, a three-bedroom apartment, and one storefront.
Where is this triplex located?
The property is located at 595 Coney Island Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Mixed‑use building in Ditmas Park area with two residential units, a studio, a 3‑bedroom apartment, and one storefront; 3 residential units plus 1 storefront; residential units include 2‑bedroom units and a studio; Brick construction; building size 20'×55 on a 20'×85 lot
