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Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Office buildings
2727 Coney Is Ave Brooklyn, NY 11235-5004
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-5851927
Property summary
AI-generated overview
This exceptional new construction office building at 2727 Coney Island Avenue offers three available spaces ranging from 2,496 to 5,432 square feet. Located between Avenue X and Avenue Y, directly across from Dunne Court, this property boasts a prime location with high traffic visibility. The building features a striking 60-foot frontage on Coney Island Avenue, ensuring excellent brand exposure. Inside, tenants will enjoy a modern and efficient workspace equipped with a central HVAC system for optimal climate control. A convenient elevator provides easy access to all floors. Large floor-to-ceiling windows throughout flood the spaces with natural light, creating a bright and inviting atmosphere. The building is zoned R4, offering flexibility for various business types. This is an unparalleled opportunity to secure premium office space in a vibrant and accessible location. The building's modern amenities and strategic placement make it an ideal choice for businesses seeking a high-impact presence. Contact us today to schedule a viewing and explore the possibilities. Available space sizes are highly flexible and can be customized to meet specific tenant needs.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1927
Total area
17,941 SF
Lot
0.14 ac (6,020 SF)
Zoning code
R4
APN
07411-0060
UPID
US63-5851927
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
-
Coney Island Appliance Repair Home Appliance Store
-
TCC Brooklyn High School
-
Student Visa Lawyer Law Firm
-
Sandora Capital Bank Credit Union
-
Reform Nation Pilates Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.71M
Owner & transaction history
2727 Coney Island LLC · 6 yrs held
2727 Coney Island LLC
since 2020
Last sale
$3.2M
5 recorded transactions
Zoning & alternative use
R4 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,205,000
ML approach
$4,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±10% · vs last sale $3.20M (Mar 20 2020)
Last sale anchor
$3.20M
Mar 20 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$207 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$140,866
Tax year 2024
Assessed value
$1,329,930
Assessed 2024
Previous assessed
$1,304,100
+2.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$135,450
Assessed improvement
$1,194,480
Land market value
$301,000
Improvement market value
$2,654,400
Total market value
$2,955,400
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1927
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
17,941 SF
Lot
0.14 ac (6,020 SF)
Zoning code
R4
APN
07411-0060
UPID
US63-5851927
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4 · Brooklyn, NY
Zoning R4 · permitted uses
R4 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1927
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
2727 Coney Island LLC
Entity
Mailing address
2727 CONEY IS AVE, BROOKLYN, NY 11235-5004
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
—
2727 Coney Island LLC
—
Deed
related
$824,734 · Dmitriy Bronfman
Mar 20, 2020
$3,200,000
2727 Coney Island LLC
North East Islamic Community Center
Deed
$2,560,000 · Jpmorgan Chase Bank, N.a.
May 20, 1998
$635,000
Universal Foundation Ltd
Palmeri,joseph
Grant Deed
$349,000 · Seller
—
—
Universal Foundation Ltd
—
Deed Of Trust
related
$650,000 · Turkiye Vakiflar Bankasi Tao
—
—
Universal Foudation Ltd
—
Deed Of Trust
related
$499,999 · T Vakiflar Bankasi Tao
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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