Property Prices in Coney Island, Brooklyn (11224)

Analysis of recent property sales — NYC Department of Finance data, all 5 boroughs

Last updated: 03/13/2026
$480,000
Median Price
$579,903
Average Price
342
Transactions
$253
Avg. Price / Sq Ft

Average Property Price in Coney Island

The average property price in Coney Island, Brooklyn (11224) is $579,903, based on 342 transactions recorded by the NYC Department of Finance. The median price is $480,000, giving a price range from $50,000 to $10,397,083.

The average price per square foot is $253.

Transaction Volume (Last 12 Months)

25-01 25-04 25-07 25-10

Recent Sales

Date Price Type Address Sq Ft $/Sq Ft
2025-12-22 $605,000 Walk-up 4051 Atlantic Avenue 1,575 $384
2025-12-18 $500,000 Walk-up 2787 West 16 Street 3,876 $129
2025-12-18 $1,400,000 Other 2706 West 16 Street — —
2025-12-11 $460,000 Elevator Apt 2928 West 5Th Street, 3P — —
2025-12-11 $388,000 Walk-up N/A Atlantic Avenue 1,575 $246
2025-12-05 $640,000 Condo 3813 Neptune Avenue, 3 — —
2025-12-05 $640,000 Condo 3813 Neptune Avenue, 4 — —
2025-12-05 $640,000 Condo 3813 Neptune Avenue, 5 — —

NYC Transfer Tax Calculator for 11224

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NYC Transfer Tax
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NYS Transfer Tax
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Mansion Tax
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Total Transfer Taxes
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Effective Rate

NYC RPTT: 1% (≤$500K) or 1.425% (>$500K). NYS: 0.4%. Mansion Tax: 1% (≥$1M). Does not include mortgage recording tax.

Estimated Rental Yield in Coney Island

8.0%
Estimated Gross Rental Yield
Based on median price of $480,000 and average Brooklyn monthly rent of $3,200/month ($38,400/year).
Source: NYC rental market averages. Actual yields vary by property type and condition.
View all 342 comparable sales →

Nearby ZIP Codes in Brooklyn

11201
Boerum Hill 11203
Brooklyn-Unknown 11204
Bensonhurst 11205
Bedford Stuyvesant 11206
Bedford Stuyvesant 11207
Brooklyn-Unknown

Frequently Asked Questions

What is the average property price in 11224?
The average property price in Coney Island, Brooklyn (11224) is $579,903, with a median price of $480,000. This is based on 342 recent transactions recorded by the NYC Department of Finance.
How many properties were sold in 11224?
There have been 342 property transactions recorded in Coney Island, Brooklyn (11224) in the most recent data period, according to NYC Department of Finance records.
What are the transfer taxes when buying property in NYC?
When buying property in NYC, you may owe: NYC Real Property Transfer Tax (1% for sales ≤$500K, 1.425% for sales >$500K), New York State Transfer Tax (0.4%), and Mansion Tax (1% for sales ≥$1M, with higher brackets above $2M). Use the calculator above for an estimate.
What is the rental yield in 11224?
The estimated gross rental yield in Coney Island, Brooklyn (11224) is 8.0%, calculated from a median property price of $480,000 and average Brooklyn rents of $3,200/month.