610 Coney Island Ave, Brooklyn, NY 11218
This exceptional mixed-use investment property, located at 610-616 Coney Island Avenue in Brooklyn's Kensington neighborhood, presents a compelling opportunity. Built in 1930, this three-story building offers 10,230 square feet of space, plus an additional 6,000 square feet in the basement, currently housing four tenants with 100% occupancy. The property boasts two drive-ins with lifts, providing convenient access for automotive businesses. Its strategic location offers easy access to public transportation, with the Q train a short walk away at the Beverley Road station and the F and G trains nearby. The lot size is 8,040 square feet, extending to East 9th Street. The asking price is $5,750,000, representing a price per square foot of $562.07 and a 6.00% cap rate. The property is zoned R5, C2-3, offering flexibility for future development. This core investment opportunity is ideal for those seeking a strong return in a vibrant Brooklyn location.
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My Tool Rental - MTR Rental Equipment Company
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.