Listed by BKREA
Unpriced
The Coney
Details
APN Block 7074: Lots 256, 310, 360, Block 8694: Lots 1, 5, 11, 12, 414, 419, 14, 25, 30, 33, Block 8695: Lots 61, 64, 72, 433, Block 8696: Lots 35, 37, 44, 47, 48, 49, 50
Property Type Land
Sub Type Commercial
Lot Size (SqFt) 197,816
Zoning C7 (Current), R7D/C2-4 (Proposed Rezoning)
Investment Type Redevelopment
Large-scale development opportunity | 197,816 SqFt
Marketing description
The Coney is a prime large-scale development opportunity located in Brooklyn's iconic Coney Island neighborhood. Offers exceptional development potential with Atlantic Ocean views and a strategic waterfront location.
Location Details
- Located within the Coney East Subdistrict of Coney Island, Brooklyn.
- Strategically positioned along the Coney Island waterfront.
- Adjacent to the world-famous Coney Island amusement district.
- Benefits from direct waterfront access and proximity to major attractions and public transportation.
Site Specifications
- Total Land Area: Approximately 197,816 square feet across four contiguous blocks.
- Block 7074: 53,466 square feet.
- Block 8694: 55,835 square feet.
- Block 8695: 55,594 square feet.
- Block 8696: 32,921 square feet.
- FY 2025/2026 assessed value: $9,704,990.
- Estimated annual real estate taxes: $933,001.
Development Plans
- Large-scale assemblage offers significant flexibility for a transformative development project.
- Benefits from strong zoning momentum and substantial development potential.
- Exceptional site scale and frontage support a variety of future development opportunities.
Investment highlights
- Coney Island Momentum - The peninsula is in the midst of a generational transformation, with thousands of residential units delivered or in the pipeline, major public infrastructure investment, and year-round destination traffic driving demand for large-format entertainment and mixed-use development.
- Immense Land Opportunity - ±197,816 SF of contiguous land assemblage fronting Surf Avenue, one of the largest controlled sites in the amusement district, steps from the boardwalk, Luna Park, Maimonides Park, and the Stillwell Avenue terminal (D/F/N/Q).
- Prime Rezoning Candidate - positioned within an area of sustained public and private investment, the site presents a compelling ULURP rezoning case for residential development, consistent with the city's push to unlock housing on underutilized commercial corridors.
- Rare C7 Zoning Flexibility - One of the only C7-zoned districts in New York City, permitting large-scale entertainment, amusement, and commercial uses as-of-right — an ideal fit for a stadium, arena, concert venue, hospitality, or institutional user seeking transit-served waterfront land.
Listing Contacts
Listed by BKREA
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