This sale represents two buildings on one lot totaling approximately 9,163 square feet. One of the buildings is vacant, while the other is occupied by two 3-bedroom apartments. Residential rents for newly constructed apartments range from $1,000-$1,300 for 1 bedrooms, $1,350-$1,700 for 2 bedrooms, and $1700-$1900 for 3 bedrooms.
Coney Island is set to undergo a sweeping zoning change to take effect in the summer of 2009. The nearby major thoroughfares are Surf Avenue, Neptune Avenue, Mermaid Avenue, and Belt Parkway. Transportation includes the B68, B64, B82, B74, B36, X28, X38, and X29 buses as well as D, F, N, and Q subway lines at the multi-million dollar Stillwell Avenue Station.
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Neighborhoods: Coney Island