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Property profile & analytics
OFF-MARKET Estimated value $720,000
Retail residential properties

1608 Mermaid Ave Brooklyn, NY 11224-2767

6,800 SF 0.05 ac lot Built 1930
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US63-0866655
Property summary
AI-generated overview

This exceptional 800-square-foot retail or office space presents a unique opportunity in the vibrant Coney Island submarket. Located at 1608 Mermaid Avenue, this property is part of a larger four-story building totaling 6,800 square feet, built in 1930. Currently, 800 square feet are immediately available for lease, representing a prime opportunity for a variety of businesses. The minimum divisible space is 800 square feet, and the maximum contiguous space available is also 800 square feet. The building's multi-tenant configuration offers a dynamic and collaborative environment. Its convenient location in Richmond Hill offers easy access to public transportation, including subway and bus lines, ensuring high visibility and accessibility for your business. This space is ideal for a variety of uses, including but not limited to a barbershop (as previously occupied), or other retail or office ventures. The property's classic architecture and prime location combine to create an exceptional opportunity for a business seeking a high-traffic, easily accessible location in a thriving community. The space is ready for immediate occupancy. Don't miss this chance to establish your business in this desirable Coney Island location. Inquire today to learn more about this exciting opportunity.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1930
Total area 6,800 SF
Lot 0.05 ac (2,000 SF)
Zoning code R7A
APN 07062-0010
UPID US63-0866655
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
$677k
Blend (final) Blend
$720k
Owner & transaction history
Bhnwn Mermaid LLC · 2 yrs held
Bhnwn Mermaid LLC
since 2024
Last sale
$721,175
3 recorded transactions
2024
$721,175
2009
$980,000
1969
Price N/A
Zoning & alternative use
R7A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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