616 Coney Island Avenue, Brooklyn, NY 11218 For Sale

616 Coney Island Avenue is a premier 10,583-square-foot mixed-use property situated in the highly desirable Kensington neighborhood, right near the Flatbush border. Prominently positioned along a primary north-south artery, the asset anchors one of Brooklyn's most dynamic and densely populated residential and commercial corridors.

The property features a highly versatile and balanced configuration, comprised of three commercial suites and one residential duplex. This mix delivers a steady, reliable income stream supported by a deep renter pool and strong local tenancy. For investors and end-users alike, the asset presents a rare acquisition opportunity with multiple actionable value-add strategies, including the immediate lease-up of a vacant 3,290-square-foot commercial suite, strategic market rent adjustments over time, and built-in flexibility offering long-term potential for future redevelopment.

Located just south of Prospect Park, the property boasts exceptional regional connectivity and walkability. It features direct access to the Q train at the nearby Beverley Road subway station, alongside proximity to other major local transit routes. This premier location offers immediate access to top-tier dining, bustling retail, and essential neighborhood amenities. Supported by Kensington's ongoing demographic growth, a strong community feel, and constrained new supply, 616 Coney Island Avenue is exceptionally well-positioned for sustained investor demand and long-term rent appreciation.