Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
3129 Coney Island Avenue

For Sale · Listing by Corcoran Group

3129 Coney Island Avenue

Brighton Beach, Brooklyn

$1,825,000

Interested in this property?
Active For Sale • Multi Family

$1,825,000

$845 per sq ft

3129 Coney Island Avenue

Brighton Beach, Brooklyn

MLS® #RLS20125436

RLS at REBNY

Listing by Corcoran Group

5
Bedrooms
4
Baths
2,160
Sq. Ft.
1932
Year Built

Quick Summary

Bedrooms 5
Bathrooms 4
Living Area 2,160 sq ft
Lot Size 1,440 sq ft
Year Built 1932
Ownership None
Property Taxes $12,768/yr
Neighborhood Brighton Beach
Floor 1 of 2

Property Highlights

  • Outdoor Space: Patio
  • Character: Pre-war building (1932)

Property Details

Type Multi Family
Ownership None
Total Rooms 10
Baths 4 Full
Floor 1 of 2
Pets Yes
Year Built 1932
Living Area 2,160 sq ft
Structure Type MultiFamily
Furnished Unfurnished
Lot Size 1,440 sq ft
Parcel # 08706-0047
Block/Lot 08706/0047

Listing History

Event Date Price Change
Listed Nov 5, 2026 $1,825,000 -
Currently Nov 5, 2026 $1,825,000 -

Description

**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.**

Features & Amenities

Interior Features

See Remarks

Exterior Features

Private Outdoor Space Under60 Sqft Patio

Building Information

Building Data View Compliance & Permits
Total Units 4
Stories 2
Structure MultiFamily

Financial Details

RE Taxes $12,768/yr ($1,064/mo)

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

12

Median Asking Price

$691K

Median $/Sqft

$683

Avg Days on Market

N/A

New This Week

1

Price Reduced

33%

Sold (30 Days)

0

Median Sale Price

$470K

Live data from RLS at REBNY • Updated 11/5/26, 6:41 PM EST

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Location

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3129 Coney Island Avenue, Brighton Beach, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1932
Year Built
94 years old
2
Floors
4
Residential Units
R6
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $295,200
Land Value: $44,100
Exemptions: $0

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

Lot Area: 1,440 SF
Building Area: 2,160 SF
Built FAR: 1.5
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

The current listed common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $12,768, or roughly $1,064 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 4 full bathrooms.

The listed interior living area is 2,160 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1932, making it approximately 94 years old.

This listing is None

Pet policy requires confirmation with Milton Coste. Additional notes: UnitYes

At the current list price of $1,825,000 for 2,160 sq ft, the asking price per square foot is approximately $845. 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: RLS20125436
First Listed: 11/5/2026
On Market: 11/5/2026
Price Changed: 11/5/2026
Contract Date: 10/25/2026

Listing Courtesy of Corcoran Group - Soranlly Adames-Lopez

Listing Contact: (718) 577-7299

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.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 11/5/2026 at 11:41 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Brighton Beach Market Update

0 sales last 30 days · $691K median · N/A supply

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Quick Facts

Status Active Type Multi Family Neighborhood Brighton Beach Borough Brooklyn
County Kings
Floor 1 of 2
Year Built 1932
First Listed 11/5/2026
Living Area 2,160 sqft
Annual Tax $12,768

Monthly Costs Estimate

Down Payment 20%

$365,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $1,064
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$18,250

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.

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