Listed by Tri State Commercial
$1,600,000
692 Coney Island Avenue
Details
APN 5378/16
Property Type Retail
Sub Type Storefront, Street Retail
Square Footage 2,700
Units 3
NOI $46,800
Occupancy 66%
Tenancy Vacant
Lease Type Modified
Pro-Forma Cap Rate 7.20%
Pro-Forma NOI $115,200
Buildings 1
Lot Size (SqFt) 1,620
Zoning C8-2
Building for Sale with Vacant Retail Opportunity
Marketing description
Introducing 692 Coney Island Avenue, a prime commercial property located in the heart of Brooklyn, NY. This newly-renovated 2,700 SF building offers a turnkey opportunity with a vanilla box space featuring an expansive glass frontage to showcase your business. Zoned C8-2, the property includes one commercial unit and two residential units, providing versatility for various investment opportunities. With its ideal location and modern updates, this property is perfectly poised to meet the needs of retail and street retail investors seeking a thriving space in the Brooklyn area.
Investment highlights
- Prime Coney Island Ave
- Newly renovated
- 1 Commercial Unit - Vacant
- 2 Residential Units
Listing Contacts
Listed by Tri State Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,800.00
$3,900.00/mo
Valuation Metrics
0
DSCR
2.93%
Cap Rate
2.93%
ROI
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