1517 Mermaid Avenue, Brooklyn, NY, USA

RIPCO Investment Sales has been exclusively retained to arrange for the sale of 1517-1523 Mermaid Avenue in the Coney Island neighborhood of Brooklyn, New York.

This is a 10,633 SF two-lot assemblage with two sides of street frontage, improved by a vacant 5,770 SF single story retail building with a rear parking lot. The building offers nearly 98 feet of prime retail frontage on Mermaid Avenue commanding rents north of $35/SF.

1517-1523 Mermaid Avenue carries flexible R6/C1-2 zoning designation allowing for a wide variety of development possibilities. The site carries roughly 31,900 ZFA for residential and retail uses. Alternatively, a developer can construct a mixed-use residential/retail project of up to a 51,038 ZFA by including a Community Facility component.

For more information or to arrange for a property inspection, please contact our exclusive brokers.