
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  SCHEDULE 13D
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                        CAPE COASTAL TRADING CORPORATION
                                (NAME OF ISSUER)

                    COMMON STOCK, PAR VALUE $0.001 PER SHARE
                         (TITLE OF CLASS OF SECURITIES)

                                   139330 10 4
                                 (CUSIP NUMBER)

                         DAVID M. LOEV, ATTORNEY AT LAW
                               2777 ALLEN PARKWAY
                                   SUITE 1000
                              HOUSTON, TEXAS 77019
                                 (713) 524-4110
                  (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
                AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)

                                October 21, 2004
             (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sec.Sec.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]

The information required in the remainder of this cover page shall not be deemed
to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934
 ("Act") or otherwise subject to the liabilities of that section of the Act but
              shall be subject to all other provisions of the Act.

<PAGE>

| 1 |  NAMES  OF  REPORTING  PERSONS
       S.S.  OR  I.R.S.  IDENTIFICATION  NO.  OF  ABOVE  PERSON

       David  M.  Loev
--------------------------------------------------------------------------------
| 2 |  CHECK  THE  APPROPRIATE  BOX  IF  A  MEMBER  OF  A  GROUP  *       (a)[ ]
                                                                          (b)[ ]
--------------------------------------------------------------------------------
| 3 |  SEC  USE  ONLY
--------------------------------------------------------------------------------
| 4 |  SOURCE  OF  FUNDS*
       OO
--------------------------------------------------------------------------------
| 5 |  CHECK  BOX  IF  DISCLOSURE  OF  LEGAL  PROCEEDINGS  IS
       REQUIRED  PURSUANT  TO  ITEMS  2(d)  or  2(e)                         [ ]
--------------------------------------------------------------------------------
| 6 |  CITIZENSHIP  OR  PLACE  OF  ORGANIZATION
       United  States
--------------------------------------------------------------------------------
                        | 7 |  SOLE  VOTING  POWER
NUMBER  OF                     575,094
SHARES                  --------------------------------------------------------
BENEFICIALLY            | 8 |  SHARED  VOTING  POWER
OWNED  BY  EACH                N/A
REPORTING               --------------------------------------------------------
PERSON  WITH            | 9 |  SOLE  DISPOSITIVE  POWER
                               575,094
--------------------------------------------------------------------------------
|10  |  SHARED  DISPOSITIVE  POWER
        N/A
--------------------------------------------------------------------------------
| 11 |  AGGREGATE  AMOUNT  BENEFICIALLY  OWNED  BY  EACH  REPORTING  PERSON
        575,094
--------------------------------------------------------------------------------
| 12 |  CHECK  BOX  IF  THE  AGGREGATE  AMOUNT  IN ROW (11) EXCLUDES CERTAIN
        SHARES  *
        N/A
--------------------------------------------------------------------------------
| 13 |  PERCENT  OF  CLASS  REPRESENTED  BY  AMOUNT  IN  ROW  (11)
        25.0%
--------------------------------------------------------------------------------
| 14 |  TYPE  OF  REPORTING  PERSON  *
        IN
--------------------------------------------------------------------------------

<PAGE>

ITEM  1.  Security  and  Issuer

This  Schedule  13D  relates  to  the  Common  Stock  of  Cape  Coastal  Trading
Corporation (the "Company").  The principal executive offices of the Company are
located  at  350  5th  Avenue,  Suite  3304,  New  York,  NY  10018.

ITEM  2.  Identity  and  Background

(a)-(c)  This  Statement  on  Schedule 13D is being filed by David M. Loev.  Mr.
Loev's business address is 2777 Allen Parkway, Suite 1000, Houston, Texas 77019.
Mr. Loev, is a beneficial owner of greater than 10% of the Company's outstanding
common  stock.

(d)-(e)  During  the  last five years, Mr. Loev: (i) has not been convicted in a
criminal  proceeding  (excluding traffic violations or similar misdemeanors); or
(ii)  was not a party to a civil proceeding of a judicial or administrative body
of  competent  jurisdiction and as a result of such proceeding was or is subject
to  a  judgment,  decree  or  final  order  enjoining  future  violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or  finding  any  violation  with  respect  to  such  laws.

(f)  Mr.  Loev  is  a  citizen  of  the  United  States.

ITEM  3.  Source  of  Amount  of  Funds  or  Other  Compensation

Mr.  Loev acquired 200,000 shares of the Company's common stock in consideration
for  consulting  services  that  he  provided to the Company.  Mr. Loev acquired
375,094 shares of the Company's common stock from Kwajo M. Sarfoh, the Company's
President,  Chief  Executive  Officer  and  Treasurer,  in  consideration  for a
commitment  to  assist Mr. Sarfoh with certain recurring expenses of the Company
during  the Company's development stage.  As a result of these transactions, Mr.
Loev  beneficially owns 575,094 shares (or 25.0%) of the Company's common stock.

ITEM  4.  Purpose  of  Transaction

Mr.  Loev  acquired  the  securities  of  the  Company  for investment purposes.
Depending  on  general  market  and  economic  conditions affecting Cape Coastal
Trading Corporation and other relevant factors, Mr. Loev may purchase additional
securities  of  the Company or dispose of some or all of securities from time to
time  in  open  market  transactions,  private  transactions  or  otherwise.

Mr.  Loev  does  not  have  any plans or proposals which relate to or result in:

          (a)  the  acquisition  by  any person of additional securities of Cape
               Coastal  Trading Corporation, or the disposition of securities of
               Cape  Coastal  Trading  Corporation;

          (b)  an extraordinary transaction, such as a merger, reorganization or
               liquidation, involving Cape Coastal Trading Corporation or any of
               its  subsidiaries;

          (c)  a sale or transfer of a material amount of assets of Cape Coastal
               Trading  Corporation  or  any  of  its  subsidiaries;

          (d)  any  change  in  the  present board of directors or management of
               Cape  Coastal  Trading  Corporation;

          (e)  any  material  change  in  the present capitalization or dividend
               policy  of  Cape  Coastal  Trading  Corporation;

          (f)  any  other material changes in Cape Coastal Trading Corporation's
               business  or  corporate  structure;

<PAGE>

          (g)  changes  in Cape Coastal Trading Corporation's charter, bylaws or
               instruments  corresponding  thereto,  or  other actions which may
               impede  the  acquisition  of  control  of  Cape  Coastal  Trading
               Corporation  by  any  person;

          (h)  causing a class of securities of Cape Coastal Trading Corporation
               to be delisted from a national securities exchange or cease to be
               authorized  to be quoted in an inter-dealer quotation system of a
               registered  national  securities  association;

          (i)  a  class of equity securities of Cape Coastal Trading Corporation
               becoming  eligible  for  termination  of registration pursuant to
               Section  12(g)(4)  of  the  Securities  Exchange  Act of 1934; or

          (j)  any  action  similar  to  any  of  those  enumerated  above.

ITEM  5.  Interest  in  Securities  of  the  Issuer

     (a)  David M. Loev beneficially owns 575,094 shares of common stock, $0.001
          par  value,  of Cape Coastal Trading Corporation. The shares of common
          stock beneficially owned by Mr. Loev constitute approximately 25.0% of
          the  total  number  of  shares of common stock of Cape Coastal Trading
          Corporation,  based  upon 2,300,375 shares of common stock outstanding
          as  of  November  9,  2004.

     (b)  Mr.  Loev  has  the  sole power to vote or to direct the vote, and the
          sole  power  to  dispose  or  to  direct the disposition of the shares
          beneficially  owned  by  Mr.  Loev.

     (c)  Mr.  Loev  acquired  the  common stock as a result of the transactions
          discussed  in  ITEM  3,  above.

     (d)  No  other  person  has the right to receive or the power to direct the
          receipt  of  dividends  from  or  the  proceeds  from  the sale of the
          securities  beneficially  owned  by  Mr.  Loev.

     (e)  Not  applicable.

ITEM  6. Contracts, Arrangements, Understanding or Relationships with Respect to
Securities  of  the  Issuer

None.

ITEM  7.  Material  to  be  Filed  as  Exhibits

None.

                                    SIGNATURE

     After  reasonable  inquiry  and  to  the best of my knowledge and belief, I
certify  that  the information set forth in this statement is true, complete and
correct.

Dated:  November 9, 2004                           By: /s/David  M.  Loev
                                                       ------------------------
                                                          David  M.  Loev

<PAGE>


