1610 Mermaid Ave Brooklyn, NY 11224
- Retail residential properties
- 6,800 SF
- 0.05 lot acres
Current Use by Public Records
- Mermaid Prime Meats / Deli / Butcher Shop
Property Details for 1610 Mermaid Ave
- Year built
- 1930
- Lot size
- 0.05 lot acres
- Property size
- 6,800 SF
- Zone code
- R7A
- Property type
- Retail residential properties
- APN
- 07062-0009
- APU
- 70620009
Description
This exceptional 800-square-foot creative office space is located at 1610 Mermaid Avenue in the vibrant 11224 area of Brooklyn. Part of a larger building with a total of 6800 square feet, this unit offers a unique opportunity for businesses seeking a stylish and functional workspace. Built in 1930, the building boasts four stories and a rich history, offering character and charm rarely found in modern constructions. The space is currently vacant and immediately available, perfect for a quick move-in. The building is multi-tenant, providing a dynamic and collaborative environment. While the property's primary designation is creative office, its flexible layout makes it suitable for a variety of uses, including retail or restaurant concepts, subject to appropriate permits and approvals. The minimum divisible space is 800 square feet, making this a perfect fit for smaller businesses or startups. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this unique Brooklyn location. The address offers excellent visibility and accessibility, making it an ideal location for businesses seeking a high-profile presence. Don't miss this chance to secure a fantastic space in a thriving Brooklyn neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $720,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $770,000
- 6.5%
- $735,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $810,000
- Geo Method
- $700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $660,000
- Retail
- $635,000
- Mixed-Use
- $620,000
- Hospitality
- $780,000
- Educational
- $655,000
- Residential Income
- $710,000
- Energy
- $650,000
- Income-Based Land
- $665,000
- Food Service
- $755,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.984
- Latitude
- 40.5765
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
