Ad #7797813
MLS #501855
Mixed use building on a high traffic block in Brighton Beach
3149 Coney Island Ave, Brooklyn, NY 11235
$1,499,000
--Beds
--Baths
2,240Sqft
0.04Acres
About this property
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.
Property Features
0 Beds
0 Baths
2,240 Sqft
Built in 1930
0.04 Acres
2 Stories
Siding: Block, Brick
Flat Roof
$20,803 / yr property tax
Kings County
Additional Photos
Contact Information
Louis J. Calemine
Calemine & Co. Real Estate, LL
718-998-1100
Location
Listing Agent: Louis J. Calemine 718-998-1100
Broker: Calemine & Co. Real Estate, LL 718-998-1100 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Calemine & Co. Real Estate, LL 718-998-1100 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$1,499,000
--
Beds
--
Baths
2,240
Sqft
3149 Coney Island Ave, Brooklyn, NY 11235
By contacting this agent you agree to these Terms and Conditions.
MLS# 501855
Mixed use building on a high traffic block in Brighton Beach
$1,499,000
3149 Coney Island Ave, Brooklyn, NY 11235
--
Beds
--
Baths
2,240
Sqft
0.04
Acres
$1,499,000
3149 Coney Island Ave, Brooklyn, NY 11235
-- Beds
-- Baths
2,240 Sqft
0.04 Acres
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.
75 days
on BeachHouse.com
44
views
0
saves
Property Details
HOME DETAILS
0 Beds
0 Baths
2,240 Sqft
Built in 1930
0.04 Acres
2 Stories
EXTERIOR
Siding: Block, Brick
Flat Roof
FINANCIAL & COMMUNITY
$20,803 / yr property tax
Kings County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7797813
Viewed
44 times
Listing Status
Active
Added
May 29, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
501855
Listing Agent: Louis J. Calemine 718-998-1100
Broker: Calemine & Co. Real Estate, LL 718-998-1100 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Calemine & Co. Real Estate, LL 718-998-1100 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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