Current Use by Public Records
- 1045 Surf LLC / Party Supply Store / (Bike/Boat/Book/etc) Store
Property Details for 1045 Surf Ave
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional 6,000-square-foot retail property, located at 1045 Surf Avenue in Coney Island's Entertainment District, presents a unique investment or user opportunity. The two-story building, constructed in 1931, boasts a spacious 4,000-square-foot ground floor and a 2,000-square-foot mezzanine, offering versatile space ideal for retail, restaurant, or special purpose uses. Situated on a 3,990-square-foot lot, the property benefits from 57 feet of frontage on Surf Avenue, ensuring high visibility and accessibility. Its prime location directly across from Luna Park and the proposed Thor Equities $3 billion casino and entertainment complex guarantees significant foot and vehicle traffic. The property's proximity to the Coney Island-Stillwell Avenue subway station, which sees 5 million annual riders, further enhances its appeal. Coney Island's vibrant tourism, attracting 18 million beach visitors seasonally and hundreds of thousands to the aquarium and amusement attractions, creates a dynamic market for businesses. Annual events like the Mermaid Parade and Cyclones baseball games at MCU Park draw substantial crowds, adding to the area's bustling atmosphere. The property is zoned C7, perfectly suited for entertainment and retail uses, and offers sub-divisibility and build-to-suit options for potential tenants. This is a chance to capitalize on Coney Island's ongoing revitalization and the significant influx of visitors and residents expected with the new development. The building is classified as Class B and is located in Kings County.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9793
- Latitude
- 40.5758
