3101-3105 Cropsey Ave

A 7,140 SF M1-2 zoned site with 60 feet of frontage on one of southern Brooklyn’s busiest commercial corridors. The site is comprised of a 2,100 SF mixed use building with a 3 bedroom apartment over a retail space & separate 2,600 SF mechanic shop, and 2,800 SF of yard space.

Prime Brooklyn Development Opportunity. Located within Opportunity Zone Census Tract 348, this property offers 14,258 SF of buildable commercial area under M1-2 zoning (2.0 FAR), approximately three times the existing building size, and up to 34,270 SF for qualifying community facility uses (4.8 FAR), along with significant federal tax benefits, including the potential for tax-free appreciation on qualifying improvements held for 10+ years through a Qualified Opportunity Fund.

In-place income. Three tenants (store, apartment and garage) with 3% annual escalations, short term leases; and reimbursement of 60% of real estate taxes.

Prime corridor. 60' of frontage on Cropsey Avenue between Neptune Avenue and Hart Place, with immediate Belt Parkway access and the Coney Island–Stillwell Avenue terminal (D, F, N, Q) a short walk away.

Growth market. Coney Island is in the middle of its largest investment cycle in decades, with more than 1,500 new residential units and ground-floor retail underway nearby. Flexible zoning. M1-2 permits retail, service, office, warehouse, light manufacturing and certain community facility uses as-of-right.