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Coney Island-very rare mixed use 13 family + 2 stores in super-hot area, corner building with over 13,000 square feet of living space, all 2 bedrooms, great layouts, 3 exposures, windows in every room, kitchen and bath, many upgrades over the years-electric, windows, roof, walls, ceilings, doors, security cameras and more, current rent roll approximately $312,000, expenses are as follows: taxes $60,478, heating oil $35,000, water/sewer $17,500, insurance $13,000, maintenance/repairs/owners electric $9,000, R7A zoning, Building Size 39`x86`, Lot Size 39`x100`, iconic *CONEY ISLAND* is under a major transformation, tons of new developments nearby, exceptional opportunity to add this beauty to your portfolio, perfect 1031 exchange property, first time on market in decades, don`t miss out!!! Building address also known as 2902-2912 West 16th Street and 1602 Mermaid Avenue. *some photos have been virtually staged* |
![[Coney Island Real Estate, listing number 7082036]](https://www.vlshomes.com/images/full/7082036a.jpg)