1502 Mermaid Avenue Brooklyn, NY 11224
Four stores in prime location with residential development potential.
Type:Land, Retail, Hospitality, Office
Property size:
3,360 SF- Added:
- Jun 14, 2024
- Days on Market:
- 675
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1502 Mermaid Avenue
General Information
- Standard status
- Active
- Size
- 3,360 SF
- Property subtype
- Land, Retail, Hospitality, Office
Listing agent Anthony Mussolino License #New York
Listing office Ben Bay Realty - Bay Ridge
Listing date Jun 14, 2024
Source Crexi
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 Ben Bay Realty - Bay Ridge
Overview
Coney Island Taxpayer Property
This Coney Island property features four stores. Two stores are the current location for Sneaker Town, one store is Best Choice Cleaners, and the fourth store is vacant. The property has R7A zoning with a C2-4 commercial overlay. It offers 13,440 buildable residential square feet with a FAR of 4, which should be verified with an architect. The stores can be delivered vacant at closing. Located in a prime location with high demand for commercial rentals, the property has potential monthly rent between $12,500 and $15,000. It is also suitable for a builder looking to take advantage of this corner lot. The property is an awesome 1031 exchange property. The property size is 3,360 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.983268
- Latitude
- 40.576539
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Four stores in prime location with residential development potential.
Where is this commercial land located?
The property is located at 1502 Mermaid Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Prime Coney Island location with high demand for commercial rentals.; Favorable R7A zoning with C2‑4 commercial overlay and **13,440 buildable residential sq. ft.** (FAR 4) - verify with architect.; Four stores, with the potential to be delivered vacant at closing.
