Retail

Commercial Lease – 1 Ocean Drive, Brooklyn, NY 11224

Asking Rent: $60,000/month
Size: 20,000 SF
Lease Type: Retail / Entertainment / Fitness / Event / Food & Beverage (concept-dependent)
Property Type: Large-Format Commercial Space
Location: Coney Island, Brooklyn (11224)
Availability: Immediate

Property Overview

1 Ocean Drive presents a rare 20,000 SF large-format commercial opportunity in the heart of Coney Island, one of New York City’s most iconic waterfront destinations. Positioned near the boardwalk and major attractions, the property benefits from heavy seasonal tourism, strong local foot traffic, and increasing year-round residential density driven by new development.

This space is ideally suited for entertainment venues, flagship fitness concepts, experiential retail, food halls, destination dining, cultural uses, or large-scale community facilities seeking visibility and scale in a high-profile Brooklyn location.

Key Features

• Total Size: 20,000 SF
• Asking Rent: $60,000/month
• Annualized Rent: ≈ $720,000
• Effective Rent per SF: ≈ $36/SF annually
• Configuration: Large open floorplate with flexible build-out options
• Frontage & Visibility: Prominent Ocean Drive exposure near major attractions
• Potential Uses: Entertainment, fitness, event space, food hall, experiential retail, cultural or community use
• Neighborhood Profile: Tourist-driven seasonal traffic combined with growing residential base

Lease & Terms

• Base Rent: $60,000/month (~$36/SF/YR)
• Term: Negotiable; long-term preferred for destination users
• Availability: Immediate
• Due at Signing: First month’s rent and security deposit; tenant financials required
• Tenant Responsibilities: Utilities, taxes (as applicable), and standard commercial lease obligations

Market Profile

• Location Advantage: Located in Coney Island near the boardwalk, beach, amusement destinations, and transit.
• Transit Access: Close to D, F, N, Q subway lines and major bus routes.
• Neighborhood Demand: Strong demand for experiential, entertainment, and destination-oriented concepts.
• Competitive Advantage: Rare availability of a single, large-format space in Coney Island at a favorable rent per square foot.

Summary

The 20,000 SF commercial space at 1 Ocean Drive, Brooklyn, NY 11224, offered at $60,000/month (~$36/SF annually), represents a unique opportunity to establish a large-scale presence in one of New York City’s most recognizable waterfront destinations. With significant size, flexible use potential, and strong foot traffic drivers, this property is ideal for entertainment, fitness, or experiential operators seeking scale and visibility.