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$ 5,799,000
Est. payment /mo
Active
1261 Coney Island AVE Brooklyn, NY 11230
5,958 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,958 sqft
Price per Sqft $973
MLS Listing ID 504208
Year Built 1923
Annual Tax Amount $54,960
Property Sub-Type Commercial
Property Description
Welcome to 1261 CONEY ISLAND AVENUE, Brooklyn, NY 11230 located in Midwood!
INVESTMENT POTENTIAL
1261 Coney Island Avenue presents a compelling opportunity to acquire a substantial 59.58' × 100' commercial property along one of Brooklyn's established commercial corridors.
With approximately 5,958 SF of land, an existing two-story commercial building, drive-in access and R5, C2-3 zoning, the property offers multiple potential investment strategies. A purchaser may consider continued commercial use, repositioning, renovation, expansion or future mixed-use development, subject to independent zoning analysis and all required NYC approvals.
The combination of a sizable lot, commercial frontage, residential zoning and C2-3 commercial overlay makes this an attractive opportunity for investors seeking both immediate utility and long-term development potential.
All information, including zoning, dimensions, square footage, development potential and permitted uses, is provided for informational and marketing purposes only and is subject to independent verification. Prospective purchasers should conduct their own due diligence with their architect, attorney, engineer and the appropriate New York City agencies.
PROPERTY HIGHLIGHTS
* Lot Dimensions: 59.58' × 100' - 5,958 SF
* Existing Building: Approximately 6,600 SF
* Retail / Commercial Space: Approximately 5,958 SF
* Office Space: Approximately 500 SF
* Ground-Floor Warehouse / Commercial Space/ Full Drive-In Gate
* Excellent visibility and frontage along Coney Island Avenue
ZONING & DEVELOPMENT OPPORTUNITY
* Zoning: R5, C2-3
* Opportunity to evaluate mixed-use development, incorporating residential units with ground-floor commercial space
* Potential for redevelopment or expansion of the existing property, subject to zoning regulations and NYC approvals
* The 59.58' × 100' lot provides approximately 5,958 SF of land, creating a substantial development footprint along Coney Island Avenue
INVESTMENT POTENTIAL
1261 Coney Island Avenue presents a compelling opportunity to acquire a substantial 59.58' × 100' commercial property along one of Brooklyn's established commercial corridors.
With approximately 5,958 SF of land, an existing two-story commercial building, drive-in access and R5, C2-3 zoning, the property offers multiple potential investment strategies. A purchaser may consider continued commercial use, repositioning, renovation, expansion or future mixed-use development, subject to independent zoning analysis and all required NYC approvals.
The combination of a sizable lot, commercial frontage, residential zoning and C2-3 commercial overlay makes this an attractive opportunity for investors seeking both immediate utility and long-term development potential.
All information, including zoning, dimensions, square footage, development potential and permitted uses, is provided for informational and marketing purposes only and is subject to independent verification. Prospective purchasers should conduct their own due diligence with their architect, attorney, engineer and the appropriate New York City agencies.
PROPERTY HIGHLIGHTS
* Lot Dimensions: 59.58' × 100' - 5,958 SF
* Existing Building: Approximately 6,600 SF
* Retail / Commercial Space: Approximately 5,958 SF
* Office Space: Approximately 500 SF
* Ground-Floor Warehouse / Commercial Space/ Full Drive-In Gate
* Excellent visibility and frontage along Coney Island Avenue
ZONING & DEVELOPMENT OPPORTUNITY
* Zoning: R5, C2-3
* Opportunity to evaluate mixed-use development, incorporating residential units with ground-floor commercial space
* Potential for redevelopment or expansion of the existing property, subject to zoning regulations and NYC approvals
* The 59.58' × 100' lot provides approximately 5,958 SF of land, creating a substantial development footprint along Coney Island Avenue
Location
State NY
County Kings (brooklyn)
Area Midwood
Zoning R5
Rooms
Basement Full
Interior
Interior Features Employee Lounge, Employee Lunchroom
Flooring Tile
Equipment None
Exterior
Exterior Feature Brick
Roof Type Flat
Present Use Office,Other
Building
Story 2
Foundation Poured Concrete
Others
Financing 1031 Exchange,Bank Mortgage,Cash,Lease/Purchase,Owner
Listed by Allure NY Properties
