Condominium Development
For Sale
Contact for pricing
1605 Mermaid Ave, Brooklyn, NY 11224
Vacant condo development site in an opportunity zone with capacity for residential and limited commercial space.
Property SizeContact for details
Lot Size0.09 Acres
Days on Market122
Property Features for 1605 Mermaid Ave
General Information
Standard status
Active
Lot size
0.09 Acres
Property subtype
Land
Additional Details
Opportunity Zone
Yes
Listing Agency:
Excelsior Realty Services
Listed By:
Chadwick Castle · License #NY 109925036
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: May 7 at 4:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Excelsior Realty Services
Investment Insights
Based on property information with market context.
This vacant development site is being offered as a residential condominium opportunity. The property is 4,000 SF and can be delivered vacant, with no 421a abatement on the site.
The site supports building up to 12,000 SF of residential space with up to 4,000 SF of commercial space. Parking is noted as not required due to the size of the lot.
The property is located in an opportunity zone, offering a straightforward framework for a mixed residential with limited commercial build within the stated SF limits.
The site supports building up to 12,000 SF of residential space with up to 4,000 SF of commercial space. Parking is noted as not required due to the size of the lot.
The property is located in an opportunity zone, offering a straightforward framework for a mixed residential with limited commercial build within the stated SF limits.
Key Highlights
- Vacant condo development site totaling 4,000 SF
- Delivered vacant and ready for development
- No 421a abatement on the site
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Explore this area
Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant condo development site in an opportunity zone with capacity for residential and limited commercial space.
Where is this residential land & home lot located?
The property is located at 1605 Mermaid Ave Brooklyn, NY.
What are key features of this property?
This property features: Vacant condo development site totaling 4,000 SF; Delivered vacant and ready for development; No 421a abatement on the site
