2505 Coney Island Avenue Sheepshead Bay, Brooklyn, NY Development Site Delivered Demolished with DOB Approved Plans PROPERTY INFORMATION Address: 2505 Coney Island Avenue, FOR SALE OR GROUND LEASE Sheepshead Bay, Brooklyn, NY 11223 Location: East side of Coney Island Ave between Avenue V & Gravesend Neck Road Block: 7371 / 83 Lot Dimensions: 156.9’ x 123.6’ irreg. (approx.) Lot Size: 25,448 sq. ft. (approx.) Zoning: C8-1 / R4 CONEY ISLAND AVENUE Commercial FAR: 1.0 Total Buildable Sq. Ft.: 25,448 sq. ft. (approx.) Community Facility FAR: 2.4 Total Buildable Sq. Ft.: 61,075 sq. ft. (approx.) Assessment (20/21): $290,430 Taxes (19/20): $30,602 2505 Coney Island Ave PROPERTY HIGHLIGHTS » Development site with approved plans for sale or long term lease. » The site is located in close proximity to the Q subway line at the Avenue U and Gravesend Neck Road stations, providing connectivity » The site features 157’ of frontage along the bustling Coney Island throughout Brooklyn and NYC. The B68 bus stop is directly across the Avenue retail corridor. street and entrance to the Belt Parkway is a few blocks away. » As-of-right zoning allows for 25,448 ZFA for commercial use with a » The area boasts some of the best public schools, dining, shopping, and maximum of 61,075 ZFA for community facility use. other amenities that continually draw affluent families and businesses » Ownership is delivering a fully demolished site with DOB approved to the neighborhood. These features have established a robust plans. The proposed plans call for a total of 28,945 gross square feet retail environment, creating demand for new residences in a supply - 10,335 commercial gross square feet and 18,610 community facility constrained neighborhood, positioning the site as a highly valuable gross square feet with attended parking for 91 spaces. development opportunity in one of Brooklyn’s most stable markets. FOR MORE INFORMATION OR A COMPLIMENTARY OPINION OF VALUE, PLEASE CONTACT: DANIEL O’BRIEN ALEX SVETLAKOU JEFFREY A. SHALOM CAROLINE HODES Executive Managing Director Managing Director Associate Broker Senior Associate (212) 698 5584 (212) 318 9769 (718) 307 6558 (718) 307 6557 Cushman & Wakefield [email protected] [email protected] [email protected] [email protected] 1 Pierrepont Plaza, Fl. 9, STE. 2 Brooklyn, New York 11201 ALEX YELON ANDREW PETILLO MICHAEL SCHATTNER CASEY BEGOON phone: +1 718 238 8999 Associate Associate Analyst Analyst nyinvestmentsales.com (212) 698 5620 (212) 713 6844 (212) 713 6944 (212) 698 2605 [email protected] [email protected] [email protected] [email protected] Cushman & Wakefield Copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question..