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    OFF-MARKET
    Retail properties & Spaces

    610 Coney Island Ave, Brooklyn, NY 11218

    10,230 SF Built 1930
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1930
    Total area 10,230 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
    • My Tool Rental - MTR Rental Equipment Company
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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