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$ 3,199,000
Est. payment /mo
New
3108 Mermaid AVE Brooklyn, NY 11224
4,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Tax Payer
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $799
MLS Listing ID 505766
Year Built 1935
Annual Tax Amount $28,762
Property Sub-Type Tax Payer
Property Description
Industrial / Retail / Investment Opportunity | Coney Island
Positioned along Mermaid Avenue, the primary commercial thoroughfare of Coney Island, 3108-3112 Mermaid Avenue presents a rare opportunity to acquire a versatile 4,000 SF commercial property in one of Brooklyn's most active waterfront neighborhoods. The single-story building offers flexible occupancy options for owner-users, investors, and developers alike, with approximately 9,700 buildable square feet providing significant future redevelopment potential.
Property offers the ability to generate immediate income while preserving long-term upside. Its strategic location near the Coney Island-Stillwell Avenue transportation hub, serving the D, F, N, and Q subway lines, places the asset within minutes of the beach, boardwalk, entertainment attractions, and a growing residential population.
Available for immediate occupancy, leasing, or investment acquisition
Potential to divide space into approximately 2,000 SF units for multi-tenant use
Ideal opportunity for owner-users, investors, or developers
Strong local consumer base supported by dense surrounding residential neighborhoods
Seasonal destination traffic driven by the beach, boardwalk, amusement district, aquarium, and Maimonides Park
Established commercial corridor with consistent foot traffic and neighborhood-serving businesses
Benefiting from ongoing public and private investment throughout the greater Coney Island redevelopment area.
Positioned along Mermaid Avenue, the primary commercial thoroughfare of Coney Island, 3108-3112 Mermaid Avenue presents a rare opportunity to acquire a versatile 4,000 SF commercial property in one of Brooklyn's most active waterfront neighborhoods. The single-story building offers flexible occupancy options for owner-users, investors, and developers alike, with approximately 9,700 buildable square feet providing significant future redevelopment potential.
Property offers the ability to generate immediate income while preserving long-term upside. Its strategic location near the Coney Island-Stillwell Avenue transportation hub, serving the D, F, N, and Q subway lines, places the asset within minutes of the beach, boardwalk, entertainment attractions, and a growing residential population.
Available for immediate occupancy, leasing, or investment acquisition
Potential to divide space into approximately 2,000 SF units for multi-tenant use
Ideal opportunity for owner-users, investors, or developers
Strong local consumer base supported by dense surrounding residential neighborhoods
Seasonal destination traffic driven by the beach, boardwalk, amusement district, aquarium, and Maimonides Park
Established commercial corridor with consistent foot traffic and neighborhood-serving businesses
Benefiting from ongoing public and private investment throughout the greater Coney Island redevelopment area.
Location
State NY
County Kings (brooklyn)
Area Coney Island
Zoning R6
Rooms
Basement None
Interior
Interior Features Other
Exterior
Roof Type Flat,Rubber
Present Use Industrial
Building
Story 1
Foundation Poured Concrete
Others
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Real Estate Professiona