2776 Coney Island Avenue

Sheepshead Bay

$2,900,000
Price
Beds
4,892 Sq. Ft.
$593 / Sq. Ft.
4,892
Sq. Ft.
$593
per Sq. Ft.

Description

Corner mix use building for Sale in prime Sheepshead Bay/Gravesend area. The opportunity consists of 4 residential units ( free market 2 x two bedrooms and 2 x one bedrooms) above 2 commercial ( retail and office) with full finished basement. The 4500 SF building sits on a 2500 SF irregular lot with C2-2/R5/OP zoning. The property is conveniently accessible via public transit with the Sheepshead Bay Rd train station B and Q Trains in short proximity. Sheepshead Bay has cemented itself in the New...Corner mix use building for Sale in prime Sheepshead Bay/Gravesend area. The opportunity consists of 4 residential units ( free market 2 x two bedrooms and 2 x one bedrooms) above 2 commercial ( retail and office) with full finished basement. The 4500 SF building sits on a 2500 SF irregular lot with C2-2/R5/OP zoning. The property is conveniently accessible via public transit with the Sheepshead Bay Rd train station B and Q Trains in short proximity. Sheepshead Bay has cemented itself in the New York City real estate market for its sound investment fundamentals, great accessibility & diverse cultural offerings. The property is 100% occupied with month-to-month leases (except retail). Current Net Operating Income is $153000 ( Projected $177000). This property has great upside potential!
  1. Listed by Aliaksei A. (Alex) Palaukou • A P Services Inc • 2 Spaces

Amenities

  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/11/2024 08:35 AM

Property Details for 2776 Coney Island Avenue

StatusActive
MLS ID487154
Days on Market52
Taxes$18,293 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1931
Lot Size2,500 SF / 20' x 100'
CountyKings County

Building

2776 Coney Island Ave

6 Units3 StoriesBuilt in 1931

Building Information for 2776 Coney Island Avenue

Stories3Residences6Year Built1931Lot Size2,500 SF / 20' x 100'Building Age-Building Type-

Property Information for 2776 Coney Island Avenue

Summary
Location and General Information
  • Block: 7224
  • Number Of Stories: 2
  • Cross Street Name: Gerald Court
  • Cross Street Name: Ave Y
  • Zoning: C2-2/R5/OP
  • Roof: Asphalt/Tar, Flat
  • Water Front Present YN: No
Parking
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Private Drive
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 18293.0
  • Gross Expense: 79536.0
  • Gross Income: $183,000.00
  • Cap Rate: .05%
Property
Lot Information
  • Sq Ft Total: 4892
  • Yard: Back
  • Lot Number: 30
  • Lot Size Irregular YN: Yes
  • Lot Size Length: 105
  • Lot Size Width: 21
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Baseboard, Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Fuel Expense: 4535.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Commercial Features Interior: Intercom, Kitchen, Living Space Available
  • Foundation Details: Poured Concrete
  • Flooring: Concrete, Hardwood, Laminate
  • Unit Count: 6
  • Lavatories: 4+
  • Construction Materials: Block, Brick
  • Electric: 110 V, 200 Amp, 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
  • Handicap Access YNU: Yes
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1764.0
  • Building Length: 84.0
  • Building Type: Semi-Detached
  • Building Width: 21.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 4200.0
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 2
  • Unit Category: Store
  • Unit Current Rent: 4000.0
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Office
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1600.0
  • Unit Floor: 2
  • Unit Projected Rent: 2200.00
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1600.0
  • Unit Floor: 3
  • Unit Projected Rent: 2200.00
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1950.0
  • Unit Floor: 2
  • Unit Projected Rent: 2500.00
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1900.0
  • Unit Floor: 3
  • Unit Projected Rent: 2400.00
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 153138.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 4941.0
  • Certificate Of Occupancy YN: Yes
  • Owner Occupied: No

Property History for 2776 Coney Island Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2776 Coney Island Avenue

This home is within Nyc Geog District #21 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 225 The Eileen E Zaglin
PublicPK to 8

P.S. 209 Margaret Mead
PublicPK to 8

Abraham Lincoln High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2776 Coney Island Avenue is a mixed use property for sale in Sheepshead Bay. This property was listed for sale on October 31, 2024 by A P Services Inc, it's currently listed at $2,900,000. This listing's school district is Nyc Geog District #21 - Brooklyn. Nearby schools include P.S. 225 The Eileen E Zaglin, P.S. 209 Margaret Mead and Abraham Lincoln High School. 2776 Coney Island Avenue is a 0-bed, 0-bath, 4,892 sqft mixed use property built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of A P Services Inc

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.