1261 Coney Island Avenue Brooklyn, NY $ 5,799,000
1261 Coney Island Avenue
$ 5,799,000
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1261 Coney Island Avenue

Brooklyn, NY, 11230
$ 5,799,000
Bedrooms-- Baths-- Sq 5,958

Monthly Estimate*

$ 36,615

1261 Coney Island Avenue, Brooklyn, NY 11230 - Image 1
1261 Coney Island Avenue, Brooklyn, NY 11230 - Image 2

Commercial Property for sale in Brooklyn, NY

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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Commercial Active

Price

$ 5,799,000

Property Type

Commercial

Taxes

$ 54,960

Style

Commercial

Lot Size

0.136777

Year Built

1923

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

504208

Features
General
Equipment 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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Exterior
Exterior Brick
Foundation Poured Concrete
Parking Attrib 3 Spaces
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Interior
Walls Block Sheet Rock
Flooring Tile
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Allure Ny Properties

Broker

(718) 200-8511

Phone

Affordability Calculator

$41,195
Per Month
89%
11%
0%
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.
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Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$5,799,000 Listed Price

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1261 Coney Island Avenue, Brooklyn, NY, 11230 is a Commercial Property for sale at $5,799,000 with 5,958 sqft and a lot size of 0.136777. 1261 Coney Island Avenue was built in 1923. The property's zip code is 11230 which is in Brooklyn, NY