1962 Coney Island Ave

1962 Coney Island Ave, Brooklyn, NY 11223

Property Information

  • For Sale $1,998,000
  • Property Type Mixed Use
  • Property Size 3,300 SF
  • Lot Size 2,000
  • Cap Rate % 6
  • Year Built 1931
  • Year Renovated 2018
  • Date Updated Oct 15, 2026

Description

Mixed-Use Investment Opportunity | Commercial + Residential Income | Prime Brooklyn Location

Excellent opportunity to own a well-maintained three-story mixed-use property located along the Coney Island Avenue commercial corridor in Brooklyn. This approximately 3,300 SF building features a ground-floor commercial space with two residential units above, providing multiple income streams and strong investment potential. The property offers a functional layout with spacious residential apartments and a commercial component suitable for long-term income generation. Fully renovated in 2018, the building features updated interiors, separate building systems, multiple electric meters, and separate gas meters, helping provide efficient ownership and management. With low operating expenses and tenants responsible for their own utilities, this property offers an attractive opportunity for investors seeking a stable mixed-use asset. Conveniently located near shopping, dining, public transportation, major roadways, and the Kings Highway B/Q subway station, offering excellent accessibility within Brooklyn. A rare opportunity to acquire an income-producing mixed-use property in a desirable Brooklyn location with commercial exposure, residential upside, and long-term value

Contacts

Location

Located at 1962 Coney Island Ave, Brooklyn, NY 11223, this property is part of the Midwood neighborhood and Brooklyn market.

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