$3,999,0001604 Mermaid AvenueBrooklyn, New York, 11224

Primary Features

  • Lot Size Square Feet: 3900 sqft.
  • Property Type: Commercial
  • Property Sub Type: Mixed Use
  • Year Built: 1930

Other Features

  • Flooring: Parquet
  • Foundation Details: Block
  • Heating: Oil
  • Roof: Flat,Rubber
  • Utilities: n/a
  • Electric: Circuit Breakers

Location

  • Street Address: 1604 Mermaid Avenue
  • Neighborhood: Coney Island
  • City: Brooklyn
  • State: New York
  • County: Kings (Brooklyn)
  • Postal Code: 11224
  • Zoning: R7A

Pricing & Sale Info

  • List Price: $3,999,000
  • Tax Annual Amount: $60,478
  • MLS#: 479970
  • Last Change Timestamp: Mar 20, 2024
  • Source MLS: Brooklyn New York MLS

About This Property

Coney Island-very rare mixed use 13 family + 2 stores in super-hot area, corner building with over 13,000 square feet of living space, all 2 bedrooms, great layouts, 3 exposures, windows in every room, kitchen and bath, many upgrades over the years-electric, windows, roof, walls, ceilings, doors, security cameras and more, current rent roll approximately $312,000, expenses are as follows: taxes $60,478, heating oil $35,000, water/sewer $17,500, insurance $13,000, maintenance/repairs/owners electric $9,000, R7A zoning, Building Size 39'x86', Lot Size 39'x100', iconic **CONEY ISLAND** is under a major transformation, tons of new developments nearby, exceptional opportunity to add this beauty to your portfolio, perfect 1031 exchange property, first time on market in decades, don't miss out!!! Building address also known as 2902-2912 West 16th Street and 1602 Mermaid Avenue. **some photos have been virtually staged**