3129 Coney Island Ave
Listing Notes
**SHOWINGS BY APPOINTMENT ONLY** Exceptional investment opportunity in the heart of Brighton Beach! This fully renovated legal four-family building offers the perfect combination of strong income potential, flexibility, and turnkey ownership. The property consists of four well-maintained residential units: one spacious two-bedroom apartment, two one-bedroom apartments, and one studio apartment. The entire building has been extensively renovated and brought up to code, allowing the next owner to step in without the need for additional capital improvements. All major systems and renovations have been completed, making this a true turnkey investment. The current tenants are on month-to-month leases with rents below current market value, providing an excellent opportunity for future income growth. Whether you're looking to maximize rental income over time or occupy one or more units, this property offers exceptional flexibility. The building can be delivered with the existing tenants in place for immediate cash flow or vacant, depending on the buyer's preference. Located in one of Brooklyn's most desirable neighborhoods, you'll enjoy close proximity to Brighton Beach, the boardwalk, public transportation, shopping, restaurants, schools, and all the conveniences the area has to offer. Whether you're an investor seeking long-term appreciation or an owner-occupant looking for additional rental income, this is a rare opportunity in a highly sought-after location. **All showings are by appointment only. All prospective buyers must provide a mortgage pre-approval letter or proof of funds prior to scheduling a viewing.**
Price in context
Cheaper than 15% of the 20 homes listed nearby right now, which run $1,249,000 to $2,699,000.
See all 20 nearby listings
| Address | Asking | Size |
|---|---|---|
| 115 Neptune Ave | $1,249,000 | 8 bd · 5 ba |
| 113 Brighton 11th St | $1,250,000 | 5 bd · 5 ba |
| 2887 Brighton 6th St | $1,250,000 | 6 bd · 3 ba |
| 20 Corbin Pl | $1,298,000 | 3 bd · 3 ba |
| 27 Cass Pl | $1,299,000 | 5 bd · 3 ba |
| 2785 Brighton 8th St | $1,300,000 | 7 bd · 4 ba |
| 55 Oceana Dr E Ph 3C | $1,347,000 | 2 bd · 3 ba |
| 55 Oceana Dr E Ph 3C | $1,349,000 | 2 bd · 2.5 ba |
| 65 Oceana Dr E Apt 9B | $1,349,000 | 2 bd · 2 ba |
| 134 Brighton 11th St | $1,350,000 | 3 bd |
| 60 Oceana Dr W Apt 4I | $1,359,000 | 3 bd · 3 ba |
| 18 Brighton 4th Ter | $1,400,000 | 7 bd · 7 ba |
| 10 Brighton 10th Ct | $1,450,000 | 9 bd · 3 ba |
| 18 Brighton 4th Ter | $1,450,000 | 7 bd · 5.5 ba |
| 50 Oceana Dr W Apt 3D | $1,699,000 | 3 bd · 3 ba |
| 55 Oceana Dr E Ph 3E | $1,847,000 | 3 bd · 2 ba |
| 105 Brighton 11th St | $1,998,000 | 12 bd · 6 ba |
| 3129 Coney Island Ave | $2,200,000 | 4 bd · 1 ba |
| 92 Brighton 11th St | $2,400,000 | 9 bd · 6 ba |
| 404 Brighton Beach Ave | $2,699,000 | 4 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
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