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1517-1523 Mermaid Ave
Brooklyn, NY 11224
Retail Property For Sale
Investment Highlights
- Situated on one of Coney Island’s primary retail corridors
- Belt Parkway accessibility just a few blocks away, providing convenient access by car to Manhattan, Queens, Long Island and Staten Island
- 31,900 ZFA & can construct a mixed-use residential/retail project of up to a 51,038 ZFA by including a Community Facility component
- Less than 2 blocks from the Coney Island - Stillwell Av D F N Q subway train station
- Immediate area is expected to bring close to 3,700 new residential units to the neighborhood between 2021 and 2025
- ICAP & FRESH tax benefit eligible
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
5,770 SF
Building Class
B
Year Built
2002
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.24 AC
Zoning
R6/C1-2 - Residential/commercial
Parking
10 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
98’ on Mermaid Ave
Property Taxes
| Parcel Number | 07022-0052 | Improvements Assessment | $56,700 |
| Land Assessment | $85,950 | Total Assessment | $142,650 |
Property Taxes
Parcel Number
07022-0052
Land Assessment
$85,950
Improvements Assessment
$56,700
Total Assessment
$142,650
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