505 Coney Island Ave, Brooklyn, NY 11218
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.