1153 Coney Island Ave — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Brooklyn, NY 11230
  • Year built: 1931

Photos

1153 Coney Island Ave — Sale in Brooklyn, NY, photo 1 of 2
1153 Coney Island Ave — Sale in Brooklyn, NY, photo 2 of 2

Description

The subject offering presents a rare opportunity to acquire a prominent corner commercial asset at the intersection of Coney Island Avenue and Avenue H in the heart of Brooklyn’s Midwood neighborhood. The offering consists of a 6,630-square-foot single-story retail building situated on a 10,000-square-foot corner parcel (100’ x 100’), together with an adjacent 4,000-square-foot parking lot. Combined, the properties encompass approximately 14,000 square feet of land and benefit from highly desirable C8-2 zoning. The zoning permits up to 28,000 square feet of as-of-right development (2.0 FAR), with the potential for up to 67,200 square feet through the utilization of the community facility bonus. The existing improvements also include a full, 6,630 square-foot lower level and an elevator servicing the building. The property benefits from exceptional accessibility, featuring curb cuts along both Coney Island Avenue and Avenue H. Positioned on a heavily trafficked commercial corridor, the asset is surrounded by a diverse mix of established retailers, service businesses, and residential communities. The property is also located just a few blocks from the Avenue H subway station, providing direct access to the Q train and enhancing connectivity throughout Brooklyn and Manhattan. From a long-term strategic perspective, the surrounding zoning landscape further enhances the property’s appeal. The adjacent parcel is zoned R5D, while properties across Coney Island Avenue are zoned R6A, creating a compelling basis for future residential rezoning considerations and potential redevelopment opportunities. Investment Highlights: • Rare Corner Commercial Redevelopment Opportunity in Brooklyn's Midwood Neighborhood. 6,630 SF Existing Retail Building Resting on a 14,000 SF Lot . • Prominent Corner Location at Coney Island Avenue and Avenue H. C8-2 Zoning Permitting Approximately 28,000 SF As-of-Right Development. • Located Along Heavily Trafficked Commercial Corridor. Long-Term Re

Market Context

This retail in Brooklyn, NY is listed for sale. The building dates to 1931. Compare it against other retail listings for sale in Brooklyn, NY — view the full market.

Estimated Price per SF

$163.95/SF – $1,192/SF

Mid: $496.83/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

  • Scott Plasky
  • Alex Arustamian

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