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1502 Mermaid Ave 0.08 Acres of Commercial Land Offered at $2,199,000 in Brooklyn, NY 11224

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INVESTMENT HIGHLIGHTS

  • Corner Exposure
  • Close to public transit
  • High Traffic Area
  • Prime Brooklyn Location

EXECUTIVE SUMMARY

Coney Island-40'x84' Lot (current location for Sneaker Town and Best Choice Cleaners) very favorable R7A with C2-4 commercial overlay zoning with 13,440 buildable residential sq. ft. (FAR 4)-verify with architect, stores will be delivered vacant at closing, prime location with high demand for housing in the area, 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!!

PROPERTY FACTS Under Contract

Price $2,199,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Hotel
  • Storefront, Retail or Residential
Total Lot Size 0.08 AC
Opportunity Zone Yes
Zoning R7A with C2-4 - R7A with C2-4 commercial overlay zoning with 13,440 buildable residential sq. ft. (FAR 4)-verify with architect

1 LOT AVAILABLE

Lot 7063

Price $2,199,000
Price Per AC $28,508,459.19
Lot Size 0.08 AC

Coney Island-40'x84' Lot (current location for Sneaker Town and Best Choice Cleaners) very favorable R7A with C2-4 commercial overlay zoning with 13,440 buildable residential sq. ft. (FAR 4)-verify with architect, Block #7063 Lot #9

Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32233853

  • Date on Market: 6/24/2024

  • Last Updated:

  • Address: 1502 Mermaid Ave, Brooklyn, NY 11224

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