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1502 Mermaid Ave
Brooklyn, NY 11224
 Land For Sale · 0.08 AC

Commercial Land Properties New York Brooklyn 1502 Mermaid Ave, 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

Sale Type Investment Proposed Use
Mixed Use
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Hotel
  • Storefront, Retail or Residential
No. Lots 1 Total Lot Size 0.08 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Commercial
Zoning R7A with C2-4 - R7A with C2-4 commercial overlay zoning with 13,440 buildable residential sq. ft. (FAR 4)-verify with architect
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
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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 $3,024,988 CAD Lot Size 0.08 AC
Price Per AC $39,216,806.85 CAD
Price $3,024,988 CAD
Price Per AC $39,216,806.85 CAD
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

 

  • Listing ID: 32233853

  • Date on Market: 2024-06-24

  • Last Updated:

  • Address: 1502 Mermaid Ave, Brooklyn, NY 11224

The Coney Island Land Property at 1502 Mermaid Ave, Brooklyn, NY 11224 is currently available. Contact Ben Bay Realty Co. of Bay Ridge,LLC for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

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