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3149 Coney Island Avenue

Brooklyn, NY 11235
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Bed --

Bed

Bath 0

Bath

SqFt2,240

Sqft

Acres0.04

Acre(Lot)

Mixed use building on a high traffic block in Brighton Beach. The entire building is under lease by the same restaurant operator for 30+ years. The restaurant occupies the first floor and basement, as well as the 2nd floor residential space that is currently used as storage and event space by the restaurant operator. The current lease ends in January, 2028 and is available for review upon request. The tenant is current on the rent, but is presently receiving a preferential rent amount ($10,241/mo.) rather than the actual rent ($11,323). The 2027 rent amount will be $11,776 as per the lease agreement. The lease also calls for the tenant to pay the entire NYC Property Tax, but the landlord has not yet enforced that provision. Currently priced as a 6.5 cap, but by just collecting the property tax brings this deal to about an 8 cap! Tenant willing to negotiate with new landlord, or entire building can possibly be delivered vacant as well. This building is perfect for an owner/operator, or for the savvy investor who will surely recognize the significant upside potential of this situation. Listed Exclusively. Please do not approach the tenant.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,499,000

AD Id : 79600973

MLS Id : 501855

Lot Size : 0.04 Acre

Living Area Size : 2,240

Year Built : 1930

County : Kings

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Partial
  • Flooring Information

    Tile
  • Roofing Information

    Flat
  • Interior Features

    Roof: Flat Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas

  • Building Information

    Year Built: 1930 Building Area Total: 2240 Construction Materials: Block, Brick Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: 80 x 20 Lot Size Acres: 0.04 Lot Size Square Feet: 1600

  • Listing Price Information

    Listing Price: $1499000

  • Tax Information

    Tax Lot: 62 Tax Block: 8707 Annual Tax: $20803
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Nearby Home Value

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2721 Batchelder Street, Brooklyn, NY, 11235 $1,199,000 5 3 --
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 06/12/2026 @ 20:59

MLS: 501855 LISTED BY: Louis Calemine, Calemine & Co. Real Estate, LL 718-998-1100 SOURCE: Brooklyn Board of REALTORS

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