Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $3,785,000

Listed at $3,987,000 · Sold 5.1% below asking · Closed January 29, 2018

3160 Coney Island Avenue #0
Closed For Sale Multi Family

$3,987,000

$328 per sq ft

3160 Coney Island Avenue #0

Brighton Beach, Brooklyn

MLS® #RLS10101289

RLS at REBNY

Listing by Elliman

Studio

0

Bath

12,160

Sq. Ft.

1938

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Living Area 12,160 sq ft
Year Built 1938
Neighborhood Brighton Beach

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1938)

Property Details

Type Multi Family
Baths null Full
Heating Building Natural Gas
Cross Street Brighten Beach Ave / Ocean Vie
Year Built 1938
Living Area 12,160 sq ft
Architectural Style Prewar
Parcel # 08678-0073

Listing History

Event Date Price Change
Listed Sep 1, 2017 $3,987,000 -
Currently May 15, 2026 $3,987,000 -

Description

Rare Investment Opportunity in Brighton Beach, Brooklyn. Mixed-use four story, 16 unit building located steps from Brighton Beach Avenue, a major retail corridor. Property consist of 15 residential rental units and one commercial retail unit. Self-managed income producing property with live-in superintendent and new building mechanics.

Building Sq. Ft: 12,160

Year Built: 1938

Gross Annual Income: $265,855

Total Annual Expenses: $89,320

Net Operating Income: $176,535

Price per Sq. Ft: $325

Capitalization Rate: 4.43%

Building Information

Building Data View Compliance & Permits
Total Units 16
Stories 4
Style Prewar

Brighton Beach stretches along Brooklyn's Atlantic shoreline with a housing stock that ranges from 1920s Art Deco apartment buildings along Ocean Parkway to postwar co-op towers and newer oceanfront condominiums. The B and Q trains run above Brighton Beach Avenue, providing direct service to Downtown Brooklyn, Midtown Manhattan, and connections across the system. The Riegelmann Boardwalk extends along the waterfront, connecting to Coney Island, while Brighton Beach Avenue below the elevated tracks forms the neighborhood's primary commercial corridor.

Brighton Beach Live Market Data

View Neighborhood

Active Listings

10

Median Asking Price

$925K

Median $/Sqft

$601

Avg Days on Market

N/A

New This Week

0

Price Reduced

40%

Sold (30 Days)

1

Median Sale Price

$855K

Live data from RLS at REBNY • Updated 5/15/26, 4:07 AM EST

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Location

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3160 Coney Island Avenue #0, Brighton Beach, Kings County • Near Brighten Beach Ave / Ocean Vie

Building Information

Official NYC property records for this building

1938
Year Built
88 years old
4
Floors
15
Residential Units
R6
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $660,150
Land Value: $50,400
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 3,720 SF
Building Area: 12,160 SF
Built FAR: 3.27
Allowed FAR: 2.43

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

This property has 0 bedrooms and 0 full bathrooms.

The listed interior living area is 12,160 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1938, making it approximately 88 years old.

At the current list price of $3,987,000 for 12,160 sq ft, the asking price per square foot is approximately $328. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10101289
First Listed: 9/1/2017
Closed: 1/29/2018
Contract Date: 8/28/2017

Listing Courtesy of Elliman - Alan Chorm

Listing Contact: (646) 696-1661

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/15/2026 at 8:07 AM UTC

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