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34352424
34352425

2112 Coney Island Avenue, Brooklyn, NY 11223

RR
NY 10491207997, NJ 2077695
EAR Properties
Listed by EAR Properties
$760,000
3 days on market
Updated 3 days ago

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

RR
NY 10491207997, NJ 2077695
EAR Properties
Listed by EAR Properties

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$51,887.11
$4,323.93/mo

Valuation Metrics

0
DSCR
6.83%
Cap Rate
6.83%
ROI

Map

Zoning

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R5 ResidentialTwo FamilyGeneral Residence
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Reale Rose
License
10491207997
Brokerage
EAR Properties LLC
Brokerage Phone
6468532500
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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