MLS#1057191
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLBrooklyn 21
Property Description
Mixed-Use Investment Opportunity | Commercial + Residential Income | Prime Brooklyn LocationExcellent 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.
Property Features
Property Type: Commercial - Multiple
Basement: Yes
Basement: Full
Cooling: Central Air
Heating: Baseboard, Forced Air, Hot Water
Lot Size: 0.05 Acres
Taxes: $12,768
Year Built: 1931
Feature Descriptions
Building Area Total: 3300
Business Type: Restaurant
Cap Rate: 6
Days on Site: 8
Exterior: Brick
On Market Date: 2026-10-01
Parcel Number: 06642-0016
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 3
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Edward R Murrow High School
Middle School: Edward R Murrow High School
Elementary School: Ps 238 Anne Sullivan
School District: Brooklyn 21
Listed By / Shown By
Listing By
Agency Name: B Square Realty
Agency Contact: 646-889-9988
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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1962 Coney Island Avenue | MLS# 1057191
This commercial property located at 1962 Coney Island Avenue , Brooklyn, NY 11223 is currently listed for sale with an asking price of $1,998,000. Coney Island Avenue is located within the Brooklyn 21 school district. Search Brooklyn real estate on www.coldwellbankerchoice.com today.