Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2323 Mermaid Ave Brooklyn, NY 11224

    For Sale
    $1,150,000

    Mixed Use - Brooklyn, NY

    Type:Mixed Use
    Property size:
    3,246 SF
    Lot size:
    0.05 Acres
    Days on Market:
    415
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 2323 Mermaid Ave

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    R6, C1-2
    Size
    3,246 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1930
    Floors in Building
    3
    Flooring type
    Linoleum, Tile
    Building materials
    Brick
    Architectural style
    Other

    RE/MAX Real Estate Professiona (718) 532-2000

    Listing agent Siu Kit Wong (718) 532-2000

    Listing date Oct 25, 2024

    MLS# 486612 Listing URL

    Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Brooklyn Mixed-Use Building For Sale

    This mixed-use building is located in the Coney Island neighborhood of Brooklyn, New York. The property has a total size of 3,246 square feet and sits on a lot of approximately 0.045 acres. The zoning is R6, C1-2. The building consists of one store and four apartments. All apartments will be delivered vacant at closing, and require some improvements. The property presents an opportunity to renovate the apartments. The property tax is $8,399 yearly. The building is located a short distance from Coney Island Beach, Luna Park, and other attractions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PAYOMATIC Check Cashing Service Western Union Money Transfer Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.990792
    Latitude
    40.576199

    Nearby Similar for Sale

    • $2,950,000
      12,000 SF

      Brooklyn Multifamily Portfolio: 16 Units

      Two contiguous buildings with 16 units in Columbia Waterfront District.
      96 Baltic St, Brooklyn, NY 11201
      View Details
    • $2,099,000
      Pending

      Victorian Home in Ditmas Park

      Charming Victorian home, legal 3-family, close to transportation and shopping.
      793 Westminster Rd, Brooklyn, NY 11230
      View Details
    • $4,999,000
      3,060 SF

      Renovated Brownstone in Park Slope

      Impeccably renovated three-family brownstone in prime Park Slope location.
      645 Carroll St, Brooklyn, NY 11215
      View Details
    • $7,250,000
      11,250 SF

      Renovated Commercial Building in Brooklyn

      Versatile commercial space in Bedford-Stuyvesant, ideal for owner-users.
      405 Gates Ave, Brooklyn, NY 11216
      View Details
    • $1,899,000
      2,032 SF

      Brooklyn Multi-Unit Home with Garages

      Large corner property with income potential in Bath Beach.
      8686 Bay 16Th St, Brooklyn, NY 11214
      View Details
    • New
      $1,650,000
      2,048 SF

      Renovated Two-Family Home, Brooklyn

      Newly renovated 2-family in Dyker Heights with rental potential.
      200 Bay 7Th St, Brooklyn, NY 11228
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in Brooklyn's Coney Island, delivered vacant at closing.
    Where is this mixed-use property located?
    The property is located at 2323 Mermaid Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Delivered Vacant: Allowing immediate tenant selection.; - Mixed-Use Building: Features a store plus four apartments.; - Low Property Tax: Very low property tax at $8,399 yearly.
    (718) 532-2000
    Request Owner's contact information
    2323 Mermaid Ave Brooklyn, NY 11224
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2323 Mermaid Ave
    Brooklyn, NY 11224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2323 Mermaid Ave Brooklyn, NY 11224
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.