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# Coney Island Avenue Retail Property Sells For $5.425 Million
- URL: https://bklyner.com/coney-island-avenue-retail-property-sells-for-5-425-million-sheepshead-bay/
- Published: 2014-03-19T20:05:01.000Z
- Updated: 2014-03-19T20:05:01.000Z
- Author: Ned Berke
- Tags: 2500 coney island ave, chase bank, Coney Island Ave, francman realty llc, #API-Imported

![Chase Bank at 1500 Coney Island Ave (Source: Google Maps)](/content/images/wp-content/uploads/2014/03/chase-585x358.jpg)

Chase Bank at 2500 Coney Island Ave (Source: Google Maps)

A 7,200-square-foot retail property, currently home to a Chase Bank and cellphone repair store, has sold to new owners for $5.425 million.

The property sits at 2500 Coney Island Avenue, on the corner of Avenue V. It’s a two-story building with a 12,000 square foot parking lot.

The owners could choose to redevelop the site, building taller while staying within zoning laws, but the Observer, which [reported ](http://commercialobserver.com/2014/03/gravesend-retail-property-sells-for-5-425m/?ref=bklyner.com)on the deal, notes that it is “unlikely.”

The new owner is Francman Realty LLC, a New Jersey-based company.