Property profile

505 Coney Island Ave Brooklyn, NY 11218

OFF-MARKET
Retail properties & Spaces
3,822 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 3,822 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

505 Coney Island Ave Brooklyn, NY 11218
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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