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3108-3112 Mermaid Ave
Brooklyn, NY 11224
Retail Property For Sale
Investment Highlights
- Prime Coney Island Location
- Owner-user / investor / development play
- Active income opportunity
- Excellent transit access
Executive Summary
3108–3112 Mermaid Avenue | Brooklyn, NY 11224
Retail / Investment / Development Opportunity | Coney Island
3108–3112 Mermaid Avenue is a ±4,000 SF one-story retail building located on Mermaid Avenue, Coney Island’s primary commercial corridor. The property offers approximately 9,700 buildable square feet, creating meaningful long-term redevelopment upside.
The building is currently actively listed for lease, allowing an investor to secure income, an owner-user to occupy all or part of the space, or a developer to capitalize on the site’s additional buildable potential.
Positioned near the Coney Island–Stillwell Avenue transit hub (D/F/N/Q) and minutes from the beach, boardwalk, and entertainment district, the property benefits from both strong local residential density and seasonal tourism traffic.
An opportunity to acquire a flexible retail asset suitable for owner-use, investment, or future development in a growing Brooklyn waterfront submarket.
Retail / Investment / Development Opportunity | Coney Island
3108–3112 Mermaid Avenue is a ±4,000 SF one-story retail building located on Mermaid Avenue, Coney Island’s primary commercial corridor. The property offers approximately 9,700 buildable square feet, creating meaningful long-term redevelopment upside.
The building is currently actively listed for lease, allowing an investor to secure income, an owner-user to occupy all or part of the space, or a developer to capitalize on the site’s additional buildable potential.
Positioned near the Coney Island–Stillwell Avenue transit hub (D/F/N/Q) and minutes from the beach, boardwalk, and entertainment district, the property benefits from both strong local residential density and seasonal tourism traffic.
An opportunity to acquire a flexible retail asset suitable for owner-use, investment, or future development in a growing Brooklyn waterfront submarket.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
1935/2008
Price
$3,300,000
Price Per SF
$825
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
R6 - The property is located in an R6 medium-density residence district.
Frontage
40’ on Mermaid Ave
Amenities
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 07049-0008 | Improvements Assessment | $269,100 |
| Land Assessment | $28,350 | Total Assessment | $297,450 |
Property Taxes
Parcel Number
07049-0008
Land Assessment
$28,350
Improvements Assessment
$269,100
Total Assessment
$297,450
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