Mixed-Use
616 Coney Island Avenue
616 Coney Island Avenue, Brooklyn, NY 11218
Listing Price: $5,495,000
Investment Overview
Marcus & Millichap is pleased to offer 616 Coney Island Avenue, a premier 10,583-square-foot mixed-use property situated in the highly desirable Kensington neighborhood, right near the Flatbush border. Prominently positioned along a primary north-south artery, the asset anchors one of Brooklyn’s most dynamic and densely populated residential and commercial corridors.
The property features a highly versatile and balanced configuration, comprised of three commercial suites and one residential duplex. This mix delivers a steady, reliable income stream supported by a deep renter pool and strong local tenancy. For investors and end-users alike, the asset presents a rare acquisition opportunity with multiple actionable value-add strategies, including the immediate lease-up of a vacant 3,290-square-foot commercial suite, strategic market rent adjustments over time, and built-inflexibility offering long-term potential for future redevelopment.
616 Coney Island Avenue
Investment Highlights
- 616 Coney Island Avenue, built in 1930, is a 10,583 SF Mixed-Use asset featuring 3 Commercial Units and 1 Residential Duplex.
- Tax Class: 4 | Zoning: R5/C2-3 | 25% Free Market
- Located just south of Prospect Park, the asset features direct access to the Q train at the nearby Beverley Road subway station and major local bus routes providing seamless connectivity.
Listing Price: $5,495,000
Investment Highlights
- 616 Coney Island Avenue, built in 1930, is a 10,583 SF Mixed-Use asset featuring 3 Commercial Units and 1 Residential Duplex.
- Tax Class: 4 | Zoning: R5/C2-3 | 25% Free Market
- Located just south of Prospect Park, the asset features direct access to the Q train at the nearby Beverley Road subway station and major local bus routes providing seamless connectivity.
Investment Overview
Marcus & Millichap is pleased to offer 616 Coney Island Avenue, a premier 10,583-square-foot mixed-use property situated in the highly desirable Kensington neighborhood, right near the Flatbush border. Prominently positioned along a primary north-south artery, the asset anchors one of Brooklyn’s most dynamic and densely populated residential and commercial corridors. The property features a highly versatile and balanced configuration, comprised of three commercial suites and one residential duplex. This mix delivers a steady, reliable income stream supported by a deep renter pool and strong local tenancy. For investors and end-users alike, the asset presents a rare acquisition opportunity with multiple actionable value-add strategies, including the immediate lease-up of a vacant 3,290-square-foot commercial suite, strategic market rent adjustments over time, and built-inflexibility offering long-term potential for future redevelopment.
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