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$1,998,000
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Property Description
Mixed-Use Investment Opportunity | Commercial + Residential Income | Prime Brooklyn Location Excellent opportunity to own a well-maintained three-story mixed-use property located along the Coney Island Avenue commercial corridor in Brooklyn. This approximately 3,300 SF building features a ground-floor commercial space with two residential units above, providing multiple income streams and strong investment potential. The property offers a functional layout with spacious residential apartments and a commercial component suitable for long-term income generation. Fully renovated in 2018, the building features updated interiors, separate building systems, multiple electric meters, and separate gas meters, helping provide efficient ownership and management. With low operating expenses and tenants responsible for their own utilities, this property offers an attractive opportunity for investors seeking a stable mixed-use asset. Conveniently located near shopping, dining, public transportation, major roadways, and the Kings Highway B/Q subway station, offering excellent accessibility within Brooklyn. A rare opportunity to acquire an income-producing mixed-use property in a desirable Brooklyn location with commercial exposure, residential upside, and long-term value.
Full Property Details
Full Property Details for 1962 Coney Island Ave
General
- Price: $1,998,000
- Taxes: $12,768
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1057191
- Updated: 10/1/2026
- Added to Site: 16 day(s) ago
Business
- Business Type: Restaurant
Location
- County: Kings (Brooklyn)
- Cross Streets: Avenue P
- Driving Directions: Google Maps
School Information
- High School District: Brooklyn 21
- Elementary School: Ps 238 Anne Sullivan
- Middle School: Edward R Murrow High School
- High School: Edward R Murrow High School
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Baseboard, Forced Air, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Building Size: 3300
- Square Feet: 3,300
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.0459
- Lot Size (Sq. Ft.): 2,000
- Zoning: C8-2
Financial Considerations
- Tax Amount: $12,768.8
Disclosures and Reports
- Special Conditions: None
- Property ID: 06642-0016
Listed by B Square Realty
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Schools
Schools serving 1962 Coney Island Ave
School District:New York City Geographic School District 21
| Name | Grades | Distance |
|---|---|---|
Ps 238 Anne Sullivan 1633 East 8th Street, Brooklyn, NY 11223 | 6-8 | 0.1 mi |
James Madison High School 3787 Bedford Avenue, Brooklyn, NY 11229 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1962 Coney Island Ave
Date
Details
Price
Change
Source
10/01/2026
Listed
$1,998,000
25.27%
MLS
8/11/2017
Sold
$1,595,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1962 Coney Island Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,924
—
$146,940
128%
2025
$12,924
1%
$64,349
-38%
2024
$12,834
5%
$104,040
4%
2023
$12,168
4%
$100,020
30%
2022
$11,669
-44%
$76,680
—
2021
$20,711
99%
$76,500
-4%
2020
$10,416
1%
$79,500
15%
2019
$10,336
17%
$69,120
50%
2017
$8,860
—
$46,069
6%
2017
$8,860
8%
$43,462
6%
2016
$8,197
2%
$41,006
—
2015
$8,018
9%
$41,006
1%
2014
$7,368
12%
$40,694
6%
2013
$6,594
—
$38,391
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1962 Coney Island Ave
1962 Coney Island Avenue, Brooklyn, NY 11223 (MLS# 1057191) is a Commercial property. 1962 Coney Island Avenue is currently listed for $1,998,000 and was received on October 01, 2026. Want to learn more about 1962 Coney Island Avenue? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

