1956 Coney Island Avenue, Brooklyn, NY 11223

SOLD on 10/3/24 for $1,700,000! We brought this property to market on 2/26/24 for $1,999,000 and immediately went to work on preparing this estate-owned property for showings and an eventual sale. The sale of this mixed-use building was especially challenging due to a holdover tenant in one of the residential units paying well below market value for rent. Regardless of all the challenges, and after an intensive marketing campaign that insured total market saturation, we procured multiple competing offers. As a result, we were able to negotiate the strongest offer for the estate, and we have now successfully closed as we always do. There's simply no substitution for professional representation and presentation. There's also no competition for our incomparable negotiating and marketing expertise in all aspects of real property sales. Impeccable service. Outstanding results. Calemine & Co. Real Estate…Mixed-Use building with an 1,100 square foot commercial retail storefront on the ground floor, and two huge 2+ bedroom apartments above. Featuring four levels of space, each measuring 1,100 square feet for a grand total of 4,400 usable square feet. Located on a high traffic street on the border of three very desirable neighborhoods: Midwood, Gravesend and Homecrest. Both the store and 2nd floor unit will be delivered vacant while the top floor unit contains a month-to-month tenant (no lease). The full basement is high and dry with updated electric and sewer lines, and also provides direct access to both the sidewalk and the private backyard. This building has been owned and maintained by the same family for generations. Listed exclusively with Calemine & Co. Real Estate. Listing status updated daily. Call us with any questions or to schedule a private viewing.

Details:

Property Type: Mixed-Use Building

Building Size: 20’ x 55’

Lot Size: 20’x100’

Zoning: C8-2

Financials

List Price: $1,999,000

Taxes: $10,943/year (est.)

Rent Roll: $10,000/mo. (projected)

Listed by: