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Three Family House for Sale in Coney Island, Brooklyn, NY 11224 | Web ID: 489820 | $2,500,000

Three Family in Coney Island - 16th  Brooklyn, NY 11224Three Family 16th  Brooklyn, NY 11224, MLS-489820-2Three Family 16th  Brooklyn, NY 11224, MLS-489820-3

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Three Family 16th  Brooklyn, NY 11224, MLS-489820-3
Three Family 16th  Brooklyn, NY 11224, MLS-489820-3
Three Family 16th  Brooklyn, NY 11224, MLS-489820-3

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Citizens International Realty

718-282-6400

718-282-4767

cir@citizensintlrealty.com

Property Description

This Prime Investment Opportunity In Coney Island Features A High-potential Mixed-use Property With A Warehouse And Three Residential Units On A 60’ X 119’ Lot (m1-2 Zoning), Allowing For Various Commercial And Industrial Uses With Potential Future Zoning Changes. The Warehouse Generates $5, 000/month (month-to-month, No Lease), While The Residential Units Bring In Additional Rental Income: A Two-bedroom Apartment At $2, 000/month And Two Three-bedroom Apartments At $2, 500/month Each. With Low Property Taxes Of $6, 670 Per Year And An Estimated 5% Cap Rate, This Property Offers Strong Investment Potential. Ideally Located Near Home Depot, Raymour & Flanigan, Best Buy, And Key Commercial Hubs, It Also Provides Convenient Access To Public Transportation Via The N, D, F, And Q Subway Lines And Quick Entry To The Belt Parkway. Perfect For Investors Or Owner-operators, This Property Allows For Stable Rental Income While Utilizing Or Leasing The Warehouse. With Ongoing Zoning Changes And Potential For Increased Floor Area Ratio (far), There May Be Future Opportunities For Vertical Expansion And Redevelopment. Don't Miss This Rare Chance To Acquire A High-yield Investment In A Growing Area—schedule A Viewing Today!

Property Information

Location/Town Coney Island
Area/County Brooklyn
Prop. Type Three Family House for Sale
Style Detached
Tax $6,670.00
SqFt 2,592
# of Cars 6+ Spaces, Built-In Garage
Basement Finished, Full
Exterior Stucco, Vinyl Siding
Roof Metal, Tile
Construction Masonry
Foundation Block, Other
Yard Back, Front
Insurance/Year $4,237.00
Lot SqFt 7,125
Fuel/Year $4,987.00
Heat Steam/Radiator
Electric 200 Amp
Roof Metal, Tile
Lavatories Unknown

 

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  • Brooklyn, NY Office: 3017 Beverly Rd, Brooklyn, NY 11226
  • Atlanta, GA Office: 5107 Covington Hwy, Decatur, GA 30035
  • Email: cir@citizensintlrealty.com
  • Phone: 718-282-6400
  • Fax: 718-282-4767
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