2114 Mermaid Ave 3,135 SF 68% Leased Retail Building Brooklyn, NY 11224 $1,288,000 ($410.85/SF)

Tri State Commercial presents 2114 Mermaid Avenue, offering an attractive investment opportunity in the heart of Coney Island, one of Brooklyn’s most dynamic neighborhoods. This property spans approximately 3,135 square feet and is configured as a mixed-use building combining residential and commercial uses. The structure includes four residential units totaling 2,090 square feet and one ground-floor commercial space, providing diverse income streams for long-term stability.
Located along the Mermaid Avenue corridor, the asset is strategically positioned for visibility and accessibility, with strong connectivity to the Coney Island–Stillwell Avenue transit hub served by multiple subway lines. The property is surrounded by a mix of multifamily housing, local retailers, and entertainment destinations, ensuring consistent pedestrian and vehicular traffic. With an FAR allowing a maximum buildable area of 5,625 SF, there is added upside for future development potential.
Coney Island continues to benefit from ongoing public and private investment initiatives, reinforcing the area’s appeal to both residents and businesses. This location offers investors an opportunity to acquire a property with steady income, redevelopment potential, and exposure to one of Brooklyn’s well-established and evolving submarkets.