<SUBMISSION>
<ACCESSION-NUMBER>0001269364-04-000018
<TYPE>POS AM
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20040422
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CAPE COASTAL TRADING CORP
<CIK>0001219097
<ASSIGNED-SIC>2590
<IRS-NUMBER>522372260
<STATE-OF-INCORPORATION>NY
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>POS AM
<ACT>33
<FILE-NUMBER>333-105393
<FILM-NUMBER>04746608
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>301 WEST 53 6C
<CITY>NEW YORK
<STATE>NY
<ZIP>10019
<PHONE>646-215-3583
</BUSINESS-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>POS AM
<SEQUENCE>1
<FILENAME>capeposam1.htm
<TEXT>
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<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR"  -->
<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2> As filed with the Securities and Exchange Commission on April 22, 2004</FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></P>
               <P ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration No. 333-105393</FONT></P>

<HR SIZE="2" NOSHADE="Noshade">

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES AND EXCHANGE
COMMISSION </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington, D.C. 20549 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POST EFFECTIVE AMENDMENT NO. 1 TO FORM SB-2/A </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>REGISTRATION STATEMENT </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNDER </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>THE SECURITIES ACT OF
1933 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORPORATION </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact Name of Registrant as
Specified in its Charter) </FONT></P>





<TABLE align=center CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH ALIGN=left><FONT FACE="Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;New York</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif">2590</FONT></TH>
     <TH align=right><FONT FACE="Times New Roman, Times, Serif">52-2372260&nbsp;&nbsp;</FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH align=left><HR SIZE="1" WIDTH="50%" ALIGN="Left"></TH>
     <TH><HR SIZE="1" WIDTH="33%" ALIGN="center"></TH>
     <TH><HR SIZE="1" WIDTH="50%" ALIGN="right"></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=33% ALIGN=left><FONT FACE="Times New Roman, Times, Serif">State of Jurisdiction</FONT></TD>
     <TD WIDTH=33% ALIGN=center><FONT FACE="Times New Roman, Times, Serif">Primary Standard</FONT></TD>
     <TD WIDTH=33% ALIGN=right><FONT FACE="Times New Roman, Times, Serif">IRS Employer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=left><FONT FACE="Times New Roman, Times, Serif">&nbsp;&nbsp;of Incorporation</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif">Industrial Classification</FONT></TD>
     <TD ALIGN=right><FONT FACE="Times New Roman, Times, Serif">Identification&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=left><FONT FACE="Times New Roman, Times, Serif">&nbsp;&nbsp;or Organization</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif">Code Number</FONT></TD>
     <TD ALIGN=right><FONT FACE="Times New Roman, Times, Serif">Number&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>



<p><br><br><br><br></p>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>310 West 53, 6C<br>New York, NY 10019
<br>(646) 215-3583 </FONT></P>



<p align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(Address, including zip code, and telephone number, including area code,<br> of registrant&#146;s
principal executive offices and principal place of business)</FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Kwajo Sarfoh, President<br>301 West 53rd Street, 6C
<br>New York, NY 10019<br>(646) 215-3583 </FONT></P>

<p align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(Address, including zip code, and telephone number, including area code,<br> of registrant&#146;s
principal executive offices and principal place of business)</FONT></P>


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     <HR ALIGN=CENTER WIDTH=75% SIZE=1 NOSHADE>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Copies to: <br>
Jason L. Karavias, Esq.<br>47-20 Greenpoint Avenue<br>Sunnyside, NY 11104<br>
(718) 729-5959 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>APPROXIMATE DATE OF
COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:<BR> AS SOON AS PRACTICABLE AFTER THE EFFECTIVE
DATE OF THIS REGISTRATIONSTATEMENT. </FONT></P>
<BR>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If any of the securities being
registered on this Form are to be offered on a delayed or continuous basis pursuant to
Rule 415 under the Securities Act of 1933, check the following box. [x] </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If this Form is filed to register
additional securities for an offering pursuant to Rule 462(b) under the Securities Act,
please check the following box and list the Securities Act registration statement number
of the earlier effective registration statement for the same offering. [ ] </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If this Form is a post-effective
amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box
and list the Securities Act registration statement number of the earlier registration
statement for the same offering. [ ] </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If this Form is a post-effective
amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box
and list the Securities Act registration statement number of the earlier registration
statement for the same offering. [ ] </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If delivery of the prospectus is
expected to be made pursuant to Rule 434, please check the following box. [ ] </FONT></P>

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<A NAME=A013></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXPLANATORY NOTE </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Post-Effective Amendment No. 1 (the &#147;Amendment&#148;) to the Registration Statement
on Form SB-2 (Registration No. 333-105393) (the &#147;Registration Statement&#148;) of
Cape Coastal Trading Corporation, a New York corporation (the &#147;Company&#148;)
pursuant to Item 512 of Regulation S-B to remove from registration any of the securities
that remained unsold at the end of the offering. The Company&#146;s Registration Statement
was declared effective on November 12, 2003 for the purpose of registering up to 250,000
shares of common stock under the Securities Act of 1933. The Company sold 33,875 shares of
common stock pursuant to its Registration Statement. In accordance with Item 512 of
Regulation S-B, the Company is removing from registration the remaining 216,125 shares
which were unsold at the end of the offering. </FONT></P>

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<A NAME=A014></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, as amended, Cape Coastal Trading
Corporation certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form SB-2 and has duly caused this registration statement on
Form SB-2 to be signed on its behalf by the undersigned, hereunto duly authorized, in the
city of New York, New York on April 22, 2004. </FONT></P>

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<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>CAPE COASTAL TRADING CORPORATION</b><BR><BR>
<BR>/S/ Kwajo M. Sarfoh<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Kwajo M. Sarfoh, President, Director, Treasurer, Controller<br><br>Date: April 22, 2004</FONT></TD>
</TR>
</TABLE>
<p><br><br><br><br><Br><BR><BR><BR><BR><BR><BR></P>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In accordance with the requirements
of the Securities Act of 1933, this registration statement was signed by the following
persons in the capacities and on the dates stated. </FONT></P>

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<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;<BR><BR>
<BR>/S/ Kwajo M. Sarfoh<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Kwajo M. Sarfoh, CFO, President, Director, Treasurer, Controller<br><br>Date: April 22, 2004</FONT></TD>
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<p><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR></p>


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<TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;<BR><BR>
<BR>/S/ Trae O. High<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Trae O. High, Director, Vice President, Secretary<br><br>Date: April 22, 2004</FONT></TD>
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</SUBMISSION>
