Introducing 755 Coney Island Ave, a 6-unit residential building between Ditmas Park and Kensington right by Cortelyou Road, one of the busiest retail & residential belt in the neighborhood. With additional FAR and the potential to be delivered fully vacant, this property presents an amazing opportunity for new ownership to generate great returns from increased rental income or develop a full residential, commercial or mixed-use project in the future.<br><br>Existing Building & Property Features: Current Zoning is R6, C2-4, set on a 25' X 92.17' lot, the existing 3-story masonry building of approx. 5,400 SF total building size leaves 1,521 SF of FAR unused. The property consists of 6 two-bedroom units, among which, 2 are already vacant.<br><br>Centrally located by Cortelyou Road, the building is surrounded by the neighborhood's best restaurants, bars, coffee shops, grocery stores, shopping, and supermarkets. With the B, Q, F, and G train stops a few blocks away, 755 Coney Island Ave offers unparalleled foot traffic for both residential and commercial success.
Property Details
Property Features
Listing Office:
Office Name: Corcoran Group
Office Phone: (212) 355-3550
Listing Agent: Christopher Cavorti
Agent Phone: (914) 804-7091
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 6
Total Bedroom Count: 12
Price Information
Listing Price Info
Price Summary:
List Price: $2,499,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New York, NY.
Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 4/28/2024, 7:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$12.5K
Per Month
Principal & Interest
$12.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,559
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
PS 139 Alexine A Fenty
330 Rugby Rd
Distance between this listing and this school0.21 miles
Public District Grades PK-5
6
/10
PS 217 Colonel David Marcus School
1100 Newkirk Ave
Distance between this listing and this school0.38 miles
Public District Grades PK-5
7
/10
PS 179 Kensington
202 Avenue C
Distance between this listing and this school0.48 miles
Public District Grades PK-5
Nearby Schools
7
/10
Jr High School 62 Ditmas
700 Cortelyou Rd
Distance between this listing and this school0.15 miles
Public District Grades 6-8
8
/10
Middle School 255 Salk School of Science
319 E 19th St
Distance between this listing and this school0.48 miles
Public District Grades 6-8
8
/10
Jr High School 223 The Montauk
4200 16th Ave
Distance between this listing and this school0.74 miles
Public District Grades 6-8
Nearby Schools
7
/10
Brooklyn College Academy
350 Coney Island Ave
Distance between this listing and this school0.73 miles
Public District Grades 8-12
7
/10
Urban Assembly School For Criminal Justice
4200 16th Ave
Distance between this listing and this school0.74 miles
Public District Grades 6-12
8
/10
Brooklyn Prospect Charter School
3002 Fort Hamilton Pkwy
Distance between this listing and this school0.83 miles
The neighbors living near this home have an average income of $71,822. Typical income of New York, NY residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
This home is located at 755 Coney Island Ave in New York City, NY and zip code 11218 in the Ditmas Park neighborhood. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 03, 2022 and is currently priced at $2,499,000.
While more than 154 listings in New York, NY in March 2024 were sold above asking price, there were more than 645 listings sold at asking price, and more than 748 were sold below. The number of listings in New York, NY increased by 3.7% between February 2024 and March 2024. Listings spent 96 days on the market in March 2024, and had a median list price of $845,489 during the same period.
From Rocket Homes Real Estate and based on county public records data.