For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

1502 Mermaid Ave Brooklyn, NY 11224

Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

3,360 SF Lot, R7A Zoning, High Demand

Property Features for 1502 Mermaid Ave

General Information

Property type
Land

We can help!

Listing Contact
Anthony Mussolino
Anthony Mussolino

Listing Agent: Anthony Mussolino

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional 3,360 square foot lot, located at 1502 Mermaid Avenue in Brooklyn, New York (zip code 11224), presents a remarkable development opportunity. Currently occupied by Sneaker Town and Best Choice Cleaners (vacant at closing), this property boasts highly favorable R7A zoning with a C2-4 commercial overlay. This allows for a substantial buildable area of 13,440 square feet, based on a Floor Area Ratio (FAR) of 4 – verification with an architect is recommended. The 40' x 84' lot is situated in a prime location within Coney Island, an area experiencing high demand for housing. This makes it an ideal acquisition for a builder seeking to capitalize on the robust real estate market. The property's corner location further enhances its desirability. Its suitability as a 1031 exchange property adds to its investment appeal. Please note that the current commercial tenants should not be disturbed. This is a truly exceptional opportunity for a savvy investor.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Longitude
-73.9828145
Latitude
40.5767317

FAQs

What type of property is this?
Land - 3,360 SF Lot, R7A Zoning, High Demand
Where is this land located?
The property is located at 1502 Mermaid Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: 3,360 square foot lot at 1502 Mermaid Avenue, Brooklyn, NY 11224.; Currently occupied by Sneaker Town and Best Choice Cleaners (vacant at closing).; R7A zoning with C2-4 commercial overlay allows for a 13,440 square foot buildable area (FAR 4.0).
(917) 439-8909 Call to check price and availability
More about this property
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