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    2325 Mermaid Ave Brooklyn, NY 11224

    Sponsored
    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:
    438
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 2325 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# 486671 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. The property features one store and four apartments, all of which will be delivered vacant at closing. The apartments require improvements. The building provides an opportunity to renovate luxury apartments and select tenants. The property has zoning designations of R6 and C1-2. The lot size is approximately 0.045 acres. The property's size is 3,246 square feet. The property is located a short distance from Coney Island Beach and Luna Park. The property tax is $6,916 yearly.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kennedy Fried Chicken Chicken Restaurant Carpet Cleaning Carpet Cleaning 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

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in Brooklyn's Coney Island with one store and four apartments.
    Where is this mixed-use property located?
    The property is located at 2325 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: - Vacant Possession: All apartments will be delivered vacant, offering immediate rental income potential.; - Mixed-Use Building: Features a store plus four apartments, providing diversified income streams.; - Low Property Taxes: Exceptionally low annual property tax of $6,916.
    (718) 532-2000
    Request Owner's contact information
    2325 Mermaid Ave Brooklyn, NY 11224
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    Brooklyn, NY 11224
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    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
    2325 Mermaid Ave Brooklyn, NY 11224
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