1604 Mermaid Ave, Brooklyn, NY 11224
13 Unit Apartment Building | $3,999,000 ($307,615/Unit) | Brooklyn, NY 11224
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,999,000
- Property Type
-
Multifamily
- Square Feet
- 11,011 SF
Listing Contacts
Anthony Mussolino
Verified Profile
Revital Lubranicki
Verified Profile
- Property Info
Property Overview
Coney Island-very rare mixed use 13 family + 2 stores in super-hot area, corner building with over 13,000 square feet of living space, all 2 bedrooms, great layouts, 3 exposures, windows in every room, kitchen and bath, many upgrades over the years-electric, windows, roof, walls, ceilings, doors, security cameras and more, current rent roll approximately $312,000, expenses are as follows: taxes $60,478, heating oil $35,000, water/sewer $17,500, insurance $13,000, maintenance/repairs/owners electric $9,000, R7A zoning, Building Size 39'x86', Lot Size 39'x100', iconic **CONEY ISLAND** is under a major transformation, tons of new developments nearby, exceptional opportunity to add this beauty to your portfolio, perfect 1031 exchange property, first time on market in decades, don't miss out!!! Building address also known as 2902-2912 West 16th Street and 1602 Mermaid Avenue. **some photos have been virtually staged**
Property Details
- Class
- B
- Year Built
- 1930
- Stories
- 4
- Lot Size (sq. ft)
- 3,920 SF
- Units
- 13
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