Listed by Ariel Property Advisors
Unpriced
1516-1520 Mermaid Avenue
Details
APN 7063/6,7063/4
Property Type Mixed Use, Land
Sub Type Commercial, Development Site
Square Footage 41,082
Tenancy Vacant
Buildings 2
Lot Size (SqFt) 8,200
Zoning R7A / C2-4
Investment Type Redevelopment
1516-1520 Mermaid Avenue, Brooklyn, NY 11224
Investment highlights
- The property is in the heart of unprecedented development activity in Coney Island, which in recent years has delivered thousands of new residential units to the neighborhood
- Located on the south side of Mermaid Avenue between W 15th & W 16th Streets
- Premier development opportunity offering 41,082 BSF
- Zoned R7A / C2-4 within the Special Coney Island District, allowing for mixed-use residential project
- Strong Market Fundamentals - Nearby new developments are achieving record residential rents for Coney Island, supported by a thriving retail market
- The property is situated on one of Coney Island's primary retail corridors, and less than 2 blocks from the Coney Island - Stillwell Av D F N Q subway train station.
Listing Contacts
Listed by Ariel Property Advisors
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