1425 Coney Island Ave Brooklyn, NY 11230
- Investment properties
- 2,480 SF
- 0.05 lot acres
Current Use by Public Records
- New Sun Brite Cleaners Inc / Dry Cleaner
Property Details for 1425 Coney Island Ave
- Year built
- 1931
- Lot size
- 0.05 lot acres
- Property size
- 2,480 SF
- Zone code
- R5
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 06713-0055
- APU
- 67130055
Description
This exceptional 2,000 square foot commercial land parcel is located at 1425 Coney Island Avenue in Brooklyn, New York, zip code 11230. Situated in Kings (Brooklyn) County, this property presents a unique investment opportunity. The asking price is $275,000. The lot offers significant potential for various commercial ventures. While previously occupied by a successful dry cleaning business with a loyal customer base and established reputation, the property is now available for redevelopment or repurposing. The existing infrastructure could be leveraged for a seamless transition to a new business, or the site could be developed according to the buyer's vision. The property's location on Coney Island Avenue provides excellent visibility and accessibility. With a total land area of 2,000 square feet, the site offers ample space for a variety of commercial uses. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a well-positioned commercial lot in a vibrant Brooklyn neighborhood. The property's address is precisely 1425 Coney Island Avenue, Brooklyn, NY 11230. Further details regarding the property's specific characteristics and potential uses are available upon request. The geographic coordinates are latitude 40.6229135 and longitude -73.9645679.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $900,000
- 6.5%
- $850,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,050,000
- Geo Method
- $965,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $870,000
- Retail
- $1,075,000
- Mixed-Use
- $855,000
- Hospitality
- $885,000
- Educational
- $775,000
- Residential Income
- $905,000
- Energy
- $1,030,000
- Income-Based Land
- $1,045,000
- Food Service
- $800,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9645
- Latitude
- 40.6229
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
