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    505 Coney Island Ave Brooklyn, NY 11218

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    For Lease
    Contact for pricing

    Coney Island Ave Retail, 2 Suites Available

    Lot size:
    3,822 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 505 Coney Island Avenue in Brooklyn, New York, offers 3,822 square feet of retail space currently fully vacant and available for lease. The building is comprised of two suites, providing flexibility for a variety of businesses. One suite offers a minimum of 1,261 square feet, while the maximum contiguous space available is 2,561 square feet. The property's strategic location on Coney Island Avenue in Kings County, zip code 11218, places it within a vibrant commercial corridor. The area boasts a diverse range of established businesses, including restaurants (Werkstatt Restaurant, Kentucky Fried Chicken, LARK Cafe, JIKU Wings, Am Thai Bistro, Thai Farm Kitchen), a convenience store (Ideal Supermarkets), a laundromat (Clean Rite Center Laundromat), and a shipping service (UPS Store). This high-traffic location presents a significant opportunity for businesses seeking strong visibility and access to a substantial customer base. The property is categorized as both retail and restaurant space, making it suitable for a wide array of uses. The building's total square footage is 3,822, with the entire space currently available for lease. This presents a unique chance to secure a prominent location in a thriving Brooklyn neighborhood. Interested parties should inquire for lease terms and conditions.

    Property Features for 505 Coney Island Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,822 SF

    Unit(s) available at that property

    Space
    Retail Store B
    Size
    1,261 SF
    Space
    Retail Store A
    Size
    2,561 SF

    HighLights

    • High visibility corner location at Coney Island and Church Avenues.
    • Excellent proximity to Prospect Park and Parade Grounds.
    • Ground floor retail space in a historic Prospect Park South building.
    • Convenient access to multiple bus lines (B68, B35, BM3, BM4).
    • Building features on‑site gas.
    • Ideal for food‑related businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9702391
    Latitude
    40.6455554

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    FAQs

    What type of property is this?
    Restaurant - Coney Island Ave Retail, 2 Suites Available
    Where is this restaurant located?
    The property is located at 505 Coney Island Ave Brooklyn, NY.
    What are key features of this property?
    This property features: High visibility corner location at Coney Island and Church Avenues.; Excellent proximity to Prospect Park and Parade Grounds.; Ground floor retail space in a historic Prospect Park South building.
    Request Owner's contact information
    505 Coney Island Ave Brooklyn, NY 11218
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    Brooklyn, NY 11218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 Coney Island Ave Brooklyn, NY 11218
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