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Coney Island Beautiful New Construction 1613 Mermaid Ave 16 Unit Apartment Building $9,237,579 CAD ($577,349 CAD/Unit) 6.28% Cap Rate Brooklyn, NY 11224
Executive Summary
-Beautiful high-end 2021 construction property
-Steps from the world-famous Coney Island Boardwalk
-421-a tax abatement
-Steps from the world-famous Coney Island Boardwalk
-421-a tax abatement
Property Facts
| Price | $9,237,579 CAD | Building Class | B |
| Price Per Unit | $577,349 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 11,288 SF |
| Cap Rate | 6.28% | No. Stories | 7 |
| No. Units | 16 | Year Built | 2021 |
| Property Type | Multifamily | Parking Ratio | 0.7/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Medium density residential district | ||
| Price | $9,237,579 CAD |
| Price Per Unit | $577,349 CAD |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 11,288 SF |
| No. Stories | 7 |
| Year Built | 2021 |
| Parking Ratio | 0.7/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | - | - |
| 1+1 | 5 | - | - |
| Studios | 5 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 07021-0049 | Improvements Assessment | $1,599,076 CAD |
| Land Assessment | $264,384 CAD | Total Assessment | $1,863,460 CAD |
Property Taxes
Parcel Number
07021-0049
Land Assessment
$264,384 CAD
Improvements Assessment
$1,599,076 CAD
Total Assessment
$1,863,460 CAD
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Coney Island Beautiful New Construction | 1613 Mermaid Ave
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