Address
3149 Coney Island Avenue, Brooklyn, NY
Price
$ 1,399,000
Property Attributes
- MLS#504067
- TypeCommercial
- Listing Status Active
- CountyKINGS
- CityBrooklyn
- AreaBrooklyn
- NeighborhoodBrighton Beach
- Zip11235
- StyleCommercial
- Year Built1930
- Taxes$ 20803
- Price$ 1,399,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2240
- Lot Size0.036731 Acres
Data Source:
Brooklyn MLS (BNYMLS)
Property Description
Commercial/Mixed-use building on a high traffic block in Brighton Beach. The entire building is under lease by the same restaurant operator for 30+ years. The restaurant occupies the first floor and basement, as well as the 2nd floor residential space that is currently used as storage and event space by the restaurant operator. The current lease ends in January, 2028 and is available for review upon request. The tenant is current on the rent, but is presently receiving a preferential rent amount ($10,241/mo.) rather than the actual rent ($11,323). The 2027 rent amount will be $11,776 as per the lease agreement. The lease also calls for the tenant to pay the entire NYC Property Tax, but the landlord has not yet enforced that provision. The CURRENT rent makes this deal a 7 cap, while the actual rent and lease terms, once enforced, makes it a 9 cap! Can possibly be delivered vacant as well. This building is perfect for an owner/operator, or for the savvy investor who will surely recognize the significant upside potential of this situation. Listed Exclusively. Please do not approach the tenant. Listing status updated daily.
| Price History | |
|---|---|
| 8/26/2026 | Listed $1,399,000 |
General Features
| Net Operating Income | 96927.00 |
|---|---|
| Equipment Included | None |
| Ceiling Height | 8-10 Foot |
| Roof | Flat |
| current use | Restaurant |
| Zoning | R6 |
| Stories Count | 2 |
| Property Type | Commercial |
| Block | 8707 |
| Cap Rate | 0.07 |
| Lot Number | 62 |
| Yearly Taxes | 20803.00 |
| Transaction Type | Sale |
| Insurance Expense | 4760.00 |
| Gross Expense | 25965.00 |
| Financing | 1031 Exchange,Bank Mortgage,Cash |
| Building Type | Attached |
| Gross Income | 122892 |
| Status | Active |
| Construction Materials | Block,Brick |
| Cumulative Days on Market | 28 |
| MLS Area | Brighton Beach |
| Sub Type | Commercial |
| Year Built | 1930 |
| City | Brooklyn |
| Borough | Brooklyn |
| Number Of Stores | 1 |
| DOM | 28 |
| Sale Type | Arm's Length |
| Public Remarks | Commercial/Mixed-use building on a high traffic block in Brighton Beach. The entire building is under lease by the same restaurant operator for 30+ years. The restaurant occupies the first floor and |
Interior Features
| Walls | Block |
|---|---|
| Unit Count | 1 |
| Sq Ft Total | 2240 |
| AC Units | 1 |
| Lavatories | 2 |
| Basement Amenities | Partial |
| Commercial Features Exterior | None |
| Commercial Features Interior | Restrooms - Public |
Exterior Features
| Potential Use | Restaurant,Retail,Other |
|---|---|
| Foundation | Poured Concrete |
| Lot Sq Ft | 1600 |
| Loading Docks | None |
| Building Length | 56.00 |
| Building Width | 20.00 |
| Property Panorama YN | Yes |
| Lot Size Length | 80 |
| Lot Size Width | 20 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 11235
Price
Taxes
Year Built
Visits
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