2116-2118 Mermaid Ave Brooklyn, NY 11224
- Retail properties
- 17,469 SF
Current Use by Public Records
- Retail properties
Property Details for 2116-2118 Mermaid Ave
- Property size
- 17,469 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use development opportunity in Coney Island, Brooklyn presents a 17,469 square foot site with approved plans for a six-story building. The project encompasses 10 residential units totaling 11,938 square feet, 2,308 square feet of commercial space, and 3,223 square feet of community facility space. Situated on a 3,402 square foot lot with approximately 39 feet of frontage on Mermaid Avenue, the property benefits from a prime location blocks from the Coney Island beach and boardwalk, surrounded by established businesses including Dunkin', McDonald's, Applebee's, and major banks. The R6 zoning with a C1-2 overlay allows for a diverse range of uses. Excellent transportation access is provided by the Coney Island-Stillwell Avenue subway station and numerous bus lines, ensuring convenient connectivity to all of Brooklyn, Manhattan, and beyond. The site offers significant potential for a high-return investment, given its location, approved plans, and zoning flexibility. The asking price is $1,650,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9884
- Latitude
- 40.576
