1261 Coney Island Avenue

Description

Welcome to 1261 CONEY ISLAND AVENUE, Brooklyn, NY 11230 located in Midwood!INVESTMENT POTENTIAL1261 Coney Island Avenue presents a compelling opportunity to acquire a substantial 59.58’ × 100’ commercial property along one of Brooklyn’s established commercial corridors.With approximately 5,958 SF of land, an existing two-story commercial building, drive-in access and R5, C2-3 zoning, the property offers multiple potential investment strategies. A purchaser may consider continued commercial use, repositioning, renovation, expansion or future mixed-use development, subject to independent zoning analysis and all required NYC approvals.The combination of a sizable lot, commercial frontage, residential zoning and C2-3 commercial overlay makes this an attractive opportunity for investors seeking both immediate utility and long-term development potential.All information, including zoning, dimensions, square footage, development potential and permitted uses, is provided for informational and marketing purposes only and is subject to independent verification. Prospective purchasers should conduct their own due diligence with their architect, attorney, engineer and the appropriate New York City agencies.PROPERTY HIGHLIGHTS* Lot Dimensions: 59.58’ × 100’ - 5,958 SF* Existing Building: Approximately 6,600 SF* Retail / Commercial Space: Approximately 5,958 SF* Office Space: Approximately 500 SF* Ground-Floor Warehouse / Commercial Space/ Full Drive-In Gate* Excellent visibility and frontage along Coney Island AvenueZONING & DEVELOPMENT OPPORTUNITY* Zoning: R5, C2-3* Opportunity to evaluate mixed-use development, incorporating residential units with ground-floor commercial space* Potential for redevelopment or expansion of the existing property, subject to zoning regulations and NYC approvals* The 59.58’ × 100’ lot provides approximately 5,958 SF of land, creating a substantial development footprint along Coney Island Avenue