Posted 26 days ago

2847 W 8th St, Brooklyn NY 11224

Income/Investment
2847 West 8th Street, Brooklyn NY
Description provided by Trulia.
Description provided by Realty Trac.
We are proud to present a 52,000 SF, 2-story, elevatored commercial building on the busy block of West 8th Street between the New York Aquarium and the Neptune Avenue subway stations. The neighboring Department of Motor Vehicles and the property?s NYC Department of Human Resources create non-stop pedestrian and automobile traffic. The property generates nearly $1,100,000 in gross income and with a net income of $833,000 the offering price represents a 9.31% capitalization rate. A savvy investor may see added value in approximately 20,000 SF of air rights the C8-2 zoning allows.

Home facts for 2847 W 8th St

Listing Details

Status For Sale
Listing Type Resale
Total views
(as of 11/30/09)
9

 

Year built 1931
Days on Trulia 26
ZIP code 11224
Neighborhood Coney Island

Contact info

Brian Hanson
Provided by: masseyknakal.com
Broker:
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Additional information about 2847 W 8th St

This property
$8,950,000
Similar homes for sale
$7,470,000
Recently sold homes
$
2847 West 8th Street, Brooklyn NY
2847 W 8th St, Brooklyn NY
$8,950,000
      
Income/Investment
Similar homes for sale
Average listing price is $7,470,000
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This home
Listing price: $8,950,000
 
Compared to similar homes
Avg. listing price: $7,470,000 +20%
Avg. sales price:  
Avg. price/sqft: $408  
 
Compared to Coney Island
Avg. listing price: $420,054 +2031%
Avg. sales price: $346,600 +2482%
Avg. price/sqft: $327  
Comparisons are relative to similar homes on Trulia and are intended as a guide only. Home values are affected by many factors—find out more
Elementary
Middle
High
SCHOOL NAME SCHOOL TYPE PARENT RATING DISTANCE (mi)
Ps 90 Edna Cohen School
New York City Department Of Education
Public
0.21
Wonderful school with an ethnically diverse student body (that almost identically mimics the overall racial rates in NYC). We have transferred our child…
Ps 100 The Coney Island School
New York City Department Of Education
Public
0.26
Everything depends of how lucky you are with your teachers. Some of them are horrible, but some of them are terrific...Yes,the principle could show more…
Ps 253 Keats - Multicultural
New York City Department Of Education
Public
0.74
my child has attended this school since 2004. she began attending after being inlisted in a private school for the 2 previous years and will now be graduating…
Ps 212 Lady Deborah Moody
New York City Department Of Education
Public
0.84
This is an unsafe school with poor communication. As a parent, we have to protect our children by either moving or attending a private school. We feel…
Ps 288 Shirley Tanyhill
New York City Department Of Education
Public
0.88
This school has done wonders with my children not only do the teachers and other school staff teach our children they show them respect which I feel you…
View all schools in:   New York City Department Of Education
Proximity to this address does not guarantee enrollment eligibility. Please contact a local real estate pro for more info
Resource Center
This Income/Investment located at 2847 W 8th St, Brooklyn NY, 11224 is currently for sale and has been listed on Trulia for 26 days. This property is listed by masseyknakal.com for $8,950,000. The property was built in 1931. 2847 W 8th St is in the Coney Island neighborhood in Brooklyn and in ZIP Code 11224. The list price of $8,950,000 is 2031% higher than the average list price of $420,054 for Coney Island real estate, 1746% higher than the average list price of $484,754 for 11224 real estate, and 1384% higher than the average list price of $603,143 for Brooklyn, NY real estate. The price for this property is 2482% higher than the average sales price of $346,600 for Coney Island, 2159% higher than the average sales price of $396,143 for 11224, and 1384% higher than the average sales price of $603,080 for Brooklyn.
School information provided by OnBoard Informatics Copyright (c) 2008. Information is deemed reliable but not guaranteed.
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