3129 Coney Island Avenue
$1,825,000
MLS# RLS20125436 · Brighton Beach
Listed November 5, 2026 · New today
5 Beds 4 Baths 2,160 Sq.Ft.
About This 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.
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.**
Curtis Bain
Brown Harris Stevens
Property Features
Home features
- Private outdoor space (under 60 sq ft)
- Patio
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$10,292 / month
- Principal and interest$9,228
- Property taxes$1,064
Due at closing
- Down payment (20%)$365,000
- NYS “mansion tax” (1%)$18,250
- Mortgage recording tax (1.925%)$28,105
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
About the Building
3129 Coney Island Avenue is a 2-story walk-up apartments in Brighton Beach, completed in 1932 and home to 4 residential units.
The closest subway is Brighton Beach (B, Q), about a 5-minute walk. Coney Island Beach & Boardwalk is roughly 8 minutes away on foot.
Compiled from NYC public records and open data.
- Year Built
- 1932
- Stories
- 2
- Units
- 4
- Building Type
- Walk-Up Apartments
View 3129 Coney Island Avenue building profile and all listings →
Location & Nearby
Map
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3129 Coney Island Avenue
Subway
- BQBrighton BeachAbout 5 min walk
Parks
- Coney Island Beach & BoardwalkAbout 8 min walk
- Grady PlaygroundAbout 8 min walk
- Homecrest PlaygroundAbout 11 min walk
Public schools · Elementary schools
- P.S. 253About 4 min walk
- P.S. K225 - The Eileen E. ZaglinAbout 5 min walk
- P.S. 209 Margaret MeadAbout 13 min walk
Middle schools
- I.S. 98 Bay AcademyAbout 10 min walk
- I.S. 303 Herbert S. EisenbergAbout 18 min walk
High schools
- William E. Grady Career and Technical Education High SchoolAbout 9 min walk
- Abraham Lincoln High SchoolAbout 13 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Brooklyn
Brighton Beach is covered by our Brooklyn guide.
A dynamic borough offering architecturally significant residences, world-class culture, and an unmatched creative energy.
Walkability
9/10
Public transit
8/10
Schools
7/10
Dining
9/10
Groceries & parks
8/10
Gallery
Property Photos
Listing Courtesy of Corcoran Group
This 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.