Assortment of 18 Lots on One Block Asks $40 Million in Kensington

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A group of 18 properties in Ditmas Park Kensington called the Coney Island Portfolio is for sale for $40,000,000. The lots are located on one block between Coney Island Avenue, Cortelyou Road, East 9th Street and Ditmas Avenue, with most of the lots fronting Coney Island Avenue.

Just six blocks away from the Q train and close to a commercial strip on Cortelyou, “this portfolio presents significant development potential,” said Massey Knakal, which is marketing the parcel.

The properties include mixed-use buildings, multi-family walkups, garages, warehouses, empty lots and parking lots. The size of all the lots put together equals about 78,011 square feet. (The ask is about $513 per square foot.) There are 135,000 buildable square feet for commercial purposes, plus 298,000 buildable square feet for community facilities. The Real Deal was the first to report the offering.

Coney Island Portfolio Listing [Massey Knakal]
Image via Massey Knakal

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