1962 Coney Island Avenue Brooklyn, NY $ 1,998,000
1962 Coney Island Avenue
$ 1,998,000
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1962 Coney Island Avenue

Brooklyn, NY, 11223
$ 1,998,000
Bedrooms-- Baths-- Sq 3,300

Monthly Estimate*

$ 12,616

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Commercial Property for sale in Brooklyn, NY

for $1,998,000. This 3,300 square foot building was built in 1931 on a lot size of 0.0459.

Mixed-Use Investment Opportunity | Commercial + Residential Income | Prime Brooklyn Location Excellent opportunity to own a well-maintained three-story mixed-use property located along the Coney Island Avenue commercial corridor in Brooklyn. This approximately 3,300 SF building features a ground-floor commercial space with two residential units above, providing multiple income streams and strong investment potential. The property offers a functional layout with spacious residential apartments and a commercial component suitable for long-term income generation. Fully renovated in 2018, the building features updated interiors, separate building systems, multiple electric meters, and separate gas meters, helping provide efficient ownership and management. With low operating expenses and tenants responsible for their own utilities, this property offers an attractive opportunity for investors seeking a stable mixed-use asset. Conveniently located near shopping, dining, public transportation, major roadways, and the Kings Highway B/Q subway station, offering excellent accessibility within Brooklyn. A rare opportunity to acquire an income-producing mixed-use property in a desirable Brooklyn location with commercial exposure, residential upside, and long-term value.

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Commercial Active

Price

$ 1,998,000

Property Type

Commercial

Taxes

$ 12,768

Style

Mixed Use

Lot Size

0.0459

Year Built

1931

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

1057191

Features
General
Sewer Public Sewer
Heating Baseboard Forced Air Hot Water
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Zoning C8-2
Construction Materials Brick
Year Built 1931
Stories Count 3
Property Subtype Mixed Use
Tax Year 2026
Parcel Number 06642-0016
Gross Income 138732
Business Type Restaurant
County Kings (Brooklyn)
Operating Expense 20369
Property Type Commercial Sale
Directions Google Maps
High School Edward R Murrow High School
City New York
High School District Brooklyn 21
Number Of Units Total 3
Elementary School Ps 238 Anne Sullivan
Property Attached Y/N Y
Tax Annual Amount 12768.8
Middle/Junior High School Edward R Murrow High School
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Brooklyn 21
Elementary School District Brooklyn 21
Cap Rate 6
Year Built Effective 2018
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Interior
Basement Full
Basement Features Full
Basement (Y/N) Y
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Exterior
Water Source Public
Building Area Total 3300
Waterfront Y/N N
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Internal Only
Street Number 1 1962
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* Excluded Features
List By
Li Li

Listing Agent

B Square Realty

Broker

646-889-9988

Contact

Affordability Calculator

$13,680
Per Month
92%
8%
0%
Monthly Principal & Interest
$12,616
Monthly Property Taxes
$1,064
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
5373316 Elementary School
4100288 Middle School
Edward R Murrow High School High School
Pricing History
DatePricePrice ChangeDescription
10/1/2026$1,998,000 Listed Price

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1962 Coney Island Avenue, Brooklyn, NY, 11223 is a Commercial Property for sale at $1,998,000 with 3,300 sqft and a lot size of 0.0459. 1962 Coney Island Avenue was built in 1931. The property's zip code is 11223 which is in Brooklyn, NY