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$ 1,499,000
Est. payment /mo
New
3149 Coney Island AVE Brooklyn, NY 11235
2,240 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,240 sqft
Price per Sqft $669
MLS Listing ID 501855
Year Built 1930
Annual Tax Amount $20,803
Property Sub-Type Mixed Use
Property Description
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. 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.
Location
State NY
County Kings (brooklyn)
Area Brighton Beach
Zoning R6
Rooms
Basement Cellar, Partial
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 2
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Calemine & Co. Real Estate, LL
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Christina Girgenti
Broker Associate