1261 Coney Island Avenue
Brooklyn, NY, 11230 $ 5,799,000
Bedrooms-- Baths-- Sq 5,958 Monthly Estimate*
$ 36,615
for $5,799,000. This 5,958 square foot building was built in 1923 on a lot size of 0.136777.
Welcome to 1261 CONEY ISLAND AVENUE, Brooklyn, NY 11230 located in Midwood! INVESTMENT POTENTIAL 1261 Coney Island Avenue presents a compelling opportunity to acquire a substantial 59.58’ × 100’ commercial property along one of Brooklyn’s established commercial corridors. With approximately 5,958 SF of land, an existing two-story commercial building, drive-in access and R5, C2-3 zoning, the property offers multiple potential investment strategies. A purchaser may consider continued commercial use, repositioning, renovation, expansion or future mixed-use development, subject to independent zoning analysis and all required NYC approvals. The combination of a sizable lot, commercial frontage, residential zoning and C2-3 commercial overlay makes this an attractive opportunity for investors seeking both immediate utility and long-term development potential. All information, including zoning, dimensions, square footage, development potential and permitted uses, is provided for informational and marketing purposes only and is subject to independent verification. Prospective purchasers should conduct their own due diligence with their architect, attorney, engineer and the appropriate New York City agencies. PROPERTY HIGHLIGHTS * Lot Dimensions: 59.58’ × 100’ - 5,958 SF * Existing Building: Approximately 6,600 SF * Retail / Commercial Space: Approximately 5,958 SF * Office Space: Approximately 500 SF * Ground-Floor Warehouse / Commercial Space/ Full Drive-In Gate * Excellent visibility and frontage along Coney Island Avenue ZONING & DEVELOPMENT OPPORTUNITY * Zoning: R5, C2-3 * Opportunity to evaluate mixed-use development, incorporating residential units with ground-floor commercial space * Potential for redevelopment or expansion of the existing property, subject to zoning regulations and NYC approvals * The 59.58’ × 100’ lot provides approximately 5,958 SF of land, creating a substantial development footprint along Coney Island Avenue
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FeaturesGeneralEquipment Included None
Ceiling Height 16-20 Foot
Roof Flat
current use Office Other
Zoning R5
Electric 110 V
Stories Count 2
Property Type Commercial
Block 6704
Yearly Taxes 54960.00
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash Lease/Purchase Owner
Building Type Attached
Status Active
Construction Materials Brick
Cumulative Days on Market 8
MLS Area Midwood
Sub Type Commercial
Year Built 1923
City Brooklyn
DOM 8
Public Remarks Welcome to 1261 CONEY ISLAND AVENUE Brooklyn NY 11230 located in Midwood! INVESTMENT POTENTIAL 1261 Coney Island Avenue presents a compelling opportunity to acquire a substantial 59.58’ × 100’
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ExteriorExterior Brick
Foundation Poured Concrete
Parking Attrib 3 Spaces
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InteriorWalls Block Sheet Rock
Flooring Tile
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Internal OnlyOriginating MLS Brooklyn New York MLS
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* Excluded FeaturesList ByAllure Ny PropertiesBroker
Affordability Calculator
- Monthly Principal & Interest
- $36,615
- Monthly Property Taxes
- $4,580
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,866,234
Percent of Sale Price 68%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/1/2026 | $5,799,000 | | Listed Price |