EAR Properties
Listed by EAR Properties
$760,000
2112 Coney Island Avenue
Details
APN Block: 6666, Lot: 142
Property Type Retail, Office
Sub Type Storefront, Traditional Office
Square Footage 2,196
Units 2
Cap Rate 6.83%
NOI $51,887
Tenancy Multi
Price per SqFt $346
Buildings 1
Stories 2
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Retail | 6.83% CAP | 2,196 SqFt
Marketing description
2112 Coney Island Avenue at 2112 Coney Island Avenue, Brooklyn, NY 11223 presents a rare opportunity to acquire a standalone two-story commercial building in one of Brooklyn’s busiest retail and transit corridors. Encompassing approximately 2,196 SF, this 100% free-market commercial shell offers exceptional flexibility for investors, developers, or owner-users seeking a prominent flagship location.
Offered at $760,000 ($346/SF), the property stands out as a compelling value compared to competing corridor listings. The asset benefits from zero residential components, allowing ownership to operate fully under New York commercial landlord-tenant law without residential regulatory constraints.
Ideal for a range of uses including medical, legal, retail, or professional office occupancy, the building can support both value-add investment and end-user acquisition strategies. Pro forma projections indicate potential gross annual rent of $90,000 with in-place NOI of approximately $51,887, reflecting a 6.83% implied cap rate at the asking price.
With strong frontage, a high-visibility location, and attractive basis relative to nearby comparable offerings, this is a unique chance to secure a well-positioned Brooklyn commercial asset with meaningful upside.
Investment highlights
- 100% free-market commercial property with zero residential components
- Entirely exempt from Housing Stability and Tenant Protection Act (HSTPA) of 2019
- No municipal rent caps or DHCR lease registry requirements
- All lease terms governed under New York State commercial landlord-tenant law
- Positioned along high-velocity, commercially dense transit corridor
- Standalone two-story masonry-frame building
- In-Place Net Operating Income (NOI): $51,887.11
- Implied In-Place Yield (Cap Rate): 6.83% at $760,000 acquisition
- Priced at $346.08 per square foot, significantly below competitive corridor listing average of $703 per square foot
- Flexible acquisition pathways: occupied value-add strategy or stabilized turn-key vacant strategy
- Vacant strategy unlocks premium SBA 504 and 7(a) acquisition financing up to 90% loan-to-value
Listing Contacts
EAR Properties
Listed by EAR Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,887.11
$4,323.93/mo
Valuation Metrics
0
DSCR
6.83%
Cap Rate
6.83%
ROI
Map
Zoning
R5 ResidentialTwo FamilyGeneral Residence
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View all 99 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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