610 Coney Island Ave Brooklyn, NY 11218

OFF-MARKET

Retail properties & Spaces

10,230 SF Built 1930

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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 type Retail properties & Spaces

Year built 1930

Total area 10,230 SF

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Rental Equipment Company

610 Coney Island Ave Brooklyn, NY 11218

Brooklyn metro

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