{"id":323514,"date":"2026-08-17T22:34:13","date_gmt":"2026-08-17T22:34:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/323514\/"},"modified":"2026-08-17T22:34:13","modified_gmt":"2026-08-17T22:34:13","slug":"coney-island-boardwalk-site-sells-for-20-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/323514\/","title":{"rendered":"Coney Island Boardwalk Site Sells For $20 Million"},"content":{"rendered":"<p>BROOKLYN, NY\u2014 Two New York real estate firms have paid $20 million for a piece of oceanfront Coney Island.<\/p>\n<p>Nalcorp and Clipper Equity acquired the property at 2015 Boardwalk West from Bath Site LLC, according to TerraCRG, which represented the seller.<\/p>\n<p class=\"article-subscribe\">\n  <a class=\"article-subscribe-link\" href=\"https:\/\/patch.com\/new-york\/brooklyn\/subscribe?utm_source=amp&amp;utm_campaign=subscribe&amp;utm_medium=mobile&amp;utm_term=subscribe_in_article\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a>\n<\/p>\n<p>The property covers 69,530 square feet and has 247 feet of frontage along the boardwalk.<\/p>\n<p>A 23-story residential building is already moving through the City&#8217;s development process on part of the larger site.<\/p>\n<p>The New York City Department of Buildings approved a new-building application for a 23-story structure at 3027 West 21st Street.<\/p>\n<p>The permit calls for a residential building with 205 apartments and about 216,772 square feet. A construction permit for the 23-story building was issued March 26. <\/p>\n<p>Nalcorp and Clipper Equity have worked together on other Brooklyn development sites.<\/p>\n<p>In 2022, the firms paid about $90.9 million for properties at 2359 and 2360 Bedford Avenue in Flatbush, where they planned 429 apartments.<\/p>\n<p>The developers are now part of a broader four-building project called Bedford Square, which is expected to have 877 rental apartments. <\/p>\n<p>The complex is being built at 2201 Beverly Road, 2366 Bedford Avenue, 2363 Bedford Avenue and 158 Lott Street.<\/p>\n<p>In April, Clipper secured a $170 million refinancing for the 354-unit building at 2366 Bedford Avenue. The building is expected to open this year. <\/p>\n","protected":false},"excerpt":{"rendered":"BROOKLYN, NY\u2014 Two New York real estate firms have paid $20 million for a piece of oceanfront Coney&hellip;\n","protected":false},"author":2,"featured_media":323515,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[9,11,10],"class_list":["post-323514","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-new-york","tag-new-york-headlines","tag-new-york-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/323514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=323514"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/323514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/323515"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=323514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=323514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=323514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}