Listed by Rosewood Realty Group
$6,495,000
1613 Mermaid Ave - Coney Island
Details
APN 7021-49
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,000
Units 16
Cap Rate 6.30%
Occupancy 100%
Pro-Forma Cap Rate 6.73%
Pro-Forma NOI $437,109
Price per SqFt $406
Class A
Year Built 2021
Buildings 1
Stories 7
Lot Size (SqFt) 3,800
Investment Type Institutional
Prime Coney Island - 2021 Construction
Marketing description
Introducing 1613 Mermaid Avenue Brooklyn, NY, a newly constructed 7-story apartment building with 16 apartments, 8 parking spaces, and 1 laundry room located steps from the world-famous Coney Island Boardwalk.
The property, built in 2020, features a 421A tax-exemption in place until 2034.
Every unit has a private balcony in addition to community space on the roof deck.
Investment highlights
2020 Construction
Steps from the world-famous Coney Island Boardwalk
421-a Tax Exemption in place until 2034
17 units
8 parking spaces
Listing Contacts
Listed by Rosewood Realty Group
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