Newly Renovated Retail
For Sale
Contact for pricing
692 Coney Island Ave, Brooklyn, NY 11218
Newly renovated property with a vacant commercial unit and two residential units.
Property Size2,700 SF
Price / SF$592.59
Days on Market243
Property Features for 692 Coney Island Ave
General Information
Standard status
Active
Size
2,700 SF
Property subtype
RETAIL
Additional Details
Multifamily Units
2
Listing Agency:
Tri State Commercial Realty
(718) 437-6100
Listed By:
Shlomi Bagdadi · License #10311204539
Source:
Moodyscre
Added: Dec 4, 2025
Changed: Jul 26
Last Checked: Aug 4 at 5:07AM
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 Tri State Commercial Realty
Investment Insights
Based on property information with market context.
This newly renovated retail duplex includes one vacant commercial unit along with two residential units. The property is offered for sale as a mixed-use building with both commercial and residential components.
The asset is located on Coney Island Ave in Brooklyn, NY 11218.
With a dedicated commercial space already cleared for occupancy, the building offers a combined live-and-work style configuration alongside the two residential units.
The asset is located on Coney Island Ave in Brooklyn, NY 11218.
With a dedicated commercial space already cleared for occupancy, the building offers a combined live-and-work style configuration alongside the two residential units.
Key Highlights
- Newly renovated property with 1 commercial unit (vacant) and 2 residential units
- Vacant commercial unit provides flexible space for a new tenant or business use
- Prime Coney Island Ave frontage
Financial Insights For Retail
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 | $210.0k | $77.76 |
| − Vacancy | −$25.0k | −$9.25 |
| EGI | $185.0k | $68.51 |
| − OpEx | −$55.5k | −$20.55 |
| NOI | $129.5k | $47.95 |
2,700 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,477 @ 7.0% cap · market cap 8.09%
Second Best
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,559 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,449
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Sheyne Blooms — 4311 16th Ave, Brooklyn, NY 11204
- R C Enterprises — 601 E 18th St #504, Brooklyn, NY 11226
- One Of A Kind Flowers — 4702 18th Ave, Brooklyn, NY 11204
- Foster's Flowers — 1203 Foster Ave, Brooklyn, NY 11230
- Balloonplace — 4417 18th Ave, Brooklyn, NY 11204
Frequently Asked Questions
What type of property is this?
Storefront property - Newly renovated property with a vacant commercial unit and two residential units.
Where is this storefront property located?
The property is located at 692 Coney Island Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Newly renovated property with 1 commercial unit (vacant) and 2 residential units; Vacant commercial unit provides flexible space for a new tenant or business use; Prime Coney Island Ave frontage
