1608 Mermaid Ave Brooklyn, NY 11224-2767
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R7A · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.