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34331659
34331658

2114 Mermaid Avenue, Brooklyn, NY 11224 For Sale

SB
NY 10311204539
Tri State Commercial
JS
Tri State Commercial
Listed by Tri State Commercial
$1,288,000
11 days on market
Updated 3 days ago
Opportunity zone

2114 Mermaid Avenue

Details
APN 7058 / 7
Property Type Mixed Use
Square Footage 3,135
Units 4
Tenancy Multi
Pro-Forma Cap Rate 8.81%
Pro-Forma NOI $113,436
Buildings 1
Lot Size (SqFt) 1,875
Zoning R6 / C1-2

Mixed Use | 3,135 SqFt

Marketing description

2114 Mermaid Avenue presents a compelling mixed-use investment opportunity in a prime Coney Island location, Brooklyn. This approximately 3,135-square-foot building is configured primarily as a four-family property with one ground-floor store/office (S4 classification), offering a balanced combination of residential and commercial income potential. The property includes four residential units totaling approximately 2,090 square feet, along with a commercial component that can accommodate retail or office use. Its versatile layout makes it well-suited for investors seeking stable cash flow through diversified tenancy in one of Brooklyn's evolving coastal neighborhoods.

Strategically located on Mermaid Avenue in the heart of Coney Island, 2114 Mermaid Avenue offers a prime mixed-use investment opportunity in one of Brooklyn's evolving coastal neighborhoods. Positioned along a well-traveled commercial corridor just minutes from the Coney Island–Stillwell Avenue transit hub, the property benefits from strong accessibility, a dense residential population, and consistent neighborhood activity. Surrounded by a mix of multifamily housing, local retailers, and major attractions, the asset is well positioned to provide stable residential and commercial income with long-term appreciation potential in a growing Brooklyn market.

Investment highlights

  • Primarily Four Family with One Store/Office (S4)
  • Residential Units: 4
  • Commercial Units: 1
  • Residential FAR: 3
  • Facility FAR: 4.8
  • Current FAR: 1.67
  • Max Buildable Area: 5,625 SF

Listing Contacts

SB
NY 10311204539
Tri State Commercial
JS
Tri State Commercial
Listed by Tri State Commercial

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