3129 Coney Island Avenue
Brooklyn, NY, 11235 $ 1,825,000
Bedrooms5 Baths4.0 Sq 2,160 Monthly Estimate*
$ 12,605
for $1,825,000 with 5 bedrooms and 4 full baths. This 2,160 square foot home was built in 1932.
**SHOWINGS BΥ AΡPΟIΝΤΜENT ONᏞΥ** Εхcеptional legal four-family investment opportunity in the heart of Brighton Beach! This fully renovated property offers an ideal combination of strong income potential, flexibility, and turnkey convenience. A fantastic opportunity for investors seeking a low-maintenance, income-producing asset, especially those looking to complete a 1031 exchange. The property consists of four well-maintained residential units: one spacious two-bedroom apartment, two one-bedroom apartments, and one studio apartment. The entire building has been extensively renovated and brought up to code, allowing the next owner to step in without the need for additional capital improvements.. All major systems and renovations have been completed (windows, bathrooms, kitchen, electrical) making this a true turnkey investment. The current tenants are on month-to-month leases with rents below current market value, providing an excellent opportunity for future income growth. Whether you're looking to maximize rental income over time or occupy one or more units, this property offers exceptional flexibility. The building can be delivered with the existing tenants in place for immediate cash flow or vacant, depending on the buyer's preference. Located in one of Brooklyn's most desirable neighborhoods, you'll enjoy close proximity to Brighton Beach, the boardwalk, public transportation, shopping, restaurants, schools, and all the conveniences the area has to offer. Whether you're an investor seeking long-term appreciation or an owner-occupant looking for additional rental income, this is a rare opportunity in a highly sought-after location. **All showings are by appointment only. All prospective buyers must provide a mortgage pre-approval letter or proof of funds prior to scheduling a viewing.** **Tenants are currently on month-to-month leases, offering flexibility and the potential for the property to be delivered vacant.**
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FeaturesGeneralHOA 0
Property SubType Multi Family
Assoc Fee Paid Per Monthly
County Kings
New Construction false
Property Type Residential
Attached Garage false
Subdivision Name Brighton Beach
Garage Y/N false
City New York City
Lot Size Units Square Feet
Land Lease Y/N false
Tax Annual Amount 12768
Standard Status Active
Patio/Porch Features Patio
Architectural Style Multi Family
Year Built 1932
Total Rooms 10
Full Baths 4
Expected Active Date 2026-10-25T00:00:00Z
Structure Type Multi Family
Pets Allowed Building No No
NumberOfUnitsTotal 4
Tax Lot 0047
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InteriorBasement (Y/N) false
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N false
Total Fireplaces 0
Half Baths 0
Total Bedrooms 5
Total Baths 4
Laundry Features See Remarks
Total Stories 2
Entry Level 1
Furnished Y/N Unfurnished
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ExteriorLot Size Area 1440
Exterior Features Private Outdoor Space Under 60 Sqft
Building Area Total 2160
Lot Dimensions 1440 x 1
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* Excluded FeaturesList BySoranlly Adames-LopezListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $12,605
- Monthly Property Taxes
- $1,064
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 NearbyMulti-family listings in Brooklyn, NY
Average List Price $1,906,127
Percent of Sale Price 4%
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.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/5/2026 | $1,825,000 | | Listed Price |