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    OFF-MARKET
    Land

    937 Coney Island Ave, Brooklyn, NY 11235

    700 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 700-square-foot commercial land parcel in Brooklyn, New York, presents a unique investment opportunity. Located at 937 Coney Island Avenue, in the 11235 zip code, this property boasts a highly desirable location within Kings County (Brooklyn), surrounded by schools and businesses, ensuring consistent foot traffic. The lot itself is 700 square feet, offering ample space for various commercial ventures. The property is currently improved with a thriving international food store, featuring an attractive glass storefront and modern amenities including freezers, display refrigerators, and custom shelving. This turnkey operation includes all existing inventory and equipment. The business generates a substantial annual revenue of $340,000, with remarkably low monthly rent of $2,400 (excluding electricity) on a five-year renewable lease. The ceiling height ranges from 8 to 10 feet. This property offers a rare chance to acquire a profitable business and valuable land in a prime Brooklyn location. The asking price for this exceptional opportunity is $90,000. This is a single-unit property. The property's latitude and longitude coordinates are 40.5860069 and -73.9418603 respectively.

    Property profile
    Verified
    Property type Land
    Total area 700 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • BAKU STORE Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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