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1516-1520 Mermaid Avenue 2 Retail Properties in Brooklyn, NY
Investment Highlights
- Premier development site offering 41,082 buildable square feet.
- Located two blocks from the Stillwell Avenue subway hub.
- High transit accessibility with multiple subway lines nearby.
- Zoned R7A/C2-4 within the Special Coney Island District.
- Surrounded by new residential projects and strong retail demand.
- Positioned in a rapidly growing Brooklyn waterfront community.
Executive Summary
• The property is in the heart of unprecedented development activity in Coney Island, which in recent years has delivered thousands of new residential units to the neighborhood
• Located on the south side of Mermaid Avenue between W 15th & W 16th Streets
• Premier development opportunity offering 41,082 BSF
• Zoned R7A / C2-4 within the Special Coney Island District, allowing for mixed-use residential project
• Strong Market Fundamentals – Nearby new developments are achieving record residential rents for Coney Island, supported by a thriving retail market
• The property is situated on one of Coney Island’s primary retail corridors, and less than 2 blocks from the Coney Island - Stillwell Av D F N Q subway train station.
• Located on the south side of Mermaid Avenue between W 15th & W 16th Streets
• Premier development opportunity offering 41,082 BSF
• Zoned R7A / C2-4 within the Special Coney Island District, allowing for mixed-use residential project
• Strong Market Fundamentals – Nearby new developments are achieving record residential rents for Coney Island, supported by a thriving retail market
• The property is situated on one of Coney Island’s primary retail corridors, and less than 2 blocks from the Coney Island - Stillwell Av D F N Q subway train station.
Property Facts
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 3,918 SF |
| Status | Active | Total Land Area | 0.22 AC |
| Number of Properties | 2 |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,918 SF |
| Total Land Area | 0.22 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1516 Mermaid Ave, Brooklyn, NY 11224 | Retail | 3,000 SF | 1920 | - |
| 1520 Mermaid Ave, Brooklyn, NY 11224 | Retail | 918 SF | 1935 | - |
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1516-1520 Mermaid Avenue
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