1502 Mermaid Avenue Brooklyn, NY $ 2,199,000
1502 Mermaid Avenue
$ 2,199,000
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1502 Mermaid Avenue

Brooklyn, NY, 11224
$ 2,199,000
Bedrooms-- Baths-- Sq 3,360

Monthly Estimate*

$ 13,719

1502 Mermaid Avenue, Brooklyn, NY 11224 - Image 1
1502 Mermaid Avenue, Brooklyn, NY 11224 - Image 2
1502 Mermaid Avenue, Brooklyn, NY 11224 - Image 3

Commercial Property for sale in Brooklyn, NY

for $2,199,000. This 3,360 square foot building was built on a lot size of 0.077135.

Coney Island-Tax Payer, 4 stores (2 stores are current location for Sneaker Town, next store is Best Choice Cleaners and fourth store is vacant) very favorable R7A with C2-4 commercial overlay zoning with 13,440 buildable residential sq. ft. (FAR 4)-verify with architect, stores can be delivered vacant at closing, prime location with high demand for commercial rentals in the area, potential monthly rent between $12,500-$15,000, also perfect for a builder looking to take advantage of this corner lot in a super hot area, awesome 1031 exchange property, please don't disturb commercial tenants, opportunity knocks!!

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Commercial Pending

Price

$ 2,199,000

Property Type

Commercial

Taxes

$ 17,795

Style

Tax Payer

Lot Size

0.077135

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

488804

Features
General
Road Frontage 84
Ceiling Height 11-15 Foot
Roof Flat
current use Land Retail
Zoning R7A-C2-4
Property Type Commercial
Yearly Taxes 17795.00
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Semi-Detached
Status Pending
Construction Materials Brick
Cumulative Days on Market 311
MLS Area Coney Island
Sub Type Tax Payer
City Brooklyn
DOM 311
Public Remarks Coney Island-Tax Payer 4 stores (2 stores are current location for Sneaker Town next store is Best Choice Cleaners and fourth store is vacant) very favorable R7A with C2-4 commercial overlay zoning w
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Interior
Walls Masonry
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Exterior
Foundation Poured Concrete
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Ben Bay Realty Co Of Bay Ridge

Broker

(917) 439-8909

Phone

Affordability Calculator

$15,202
Per Month
90%
10%
0%
Monthly Principal & Interest
$13,719
Monthly Property Taxes
$1,483
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/24/2025$2,199,000 Listed Price

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1502 Mermaid Avenue, Brooklyn, NY, 11224 is a Commercial Property for sale at $2,199,000 with 3,360 sqft and a lot size of 0.077135. The property's zip code is 11224 which is in Brooklyn, NY