$1,825,000

3129 Coney Island Avenue, Brooklyn, Ny 11235

  • 5 Beds
  • 4 Baths
  • 1,440 Sqft lot
  • Updated: Yesterday
  • MLS#24079828

About the Property

**SHOWINGS BY APPOINTMENT ONLY**

Exceptional legal four-family investment opportunity in the heart of Brighton Beach! This fully renovated property offers an ideal combination of strong income potential, flexibility, and turnkey convenience. A fantastic opportunity for investors seeking a low-maintenance, income-producing asset, especially those looking to complete a 1031 exchange.
**SHOWINGS BY APPOINTMENT ONLY**

Exceptional legal four-family investment opportunity in the heart of Brighton Beach! This fully renovated property offers an ideal combination of strong income potential, flexibility, and turnkey convenience. A fantastic opportunity for investors seeking a low-maintenance, income-producing asset, especially those looking to complete a 1031 exchange.

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 (windows, bathrooms, kitchen, electrical) 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.**

**Tenants are currently on month-to-month leases, offering flexibility and the potential for the property to be delivered vacant.**
…
  • Property type

    House

  • Year built

    1932

Explore the Area

3129 Coney Island Avenue, BROOKLYN, NY 11235, New York, New York, United States View on Google Maps
Price per sqft
Low
High

View 1,039 more listings in Brooklyn

Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Sora Adames-Lopez
New York, United States
View agent profile
1
Listings
2026
Joined

Book home tour with Sora Adames-Lopez

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Corcoran Park Slope
Corcoran Park Slope
125 Seventh Ave, 11215, Brooklyn, New York, United States
View agency profile
Last updated
Yesterday
First listed
November 5
Listing reference
h7n5hn
Call

Start phone call with:

Hello, I’m calling for the property with the reference h7n5hn, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with