2114 Mermaid Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11224- Coney Island
$1,288,000 USD
718-437-6100
2114 Mermaid Ave, Brooklyn, NY for Sale
$1,288,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | Request Cap Rate

2114 Mermaid Ave
Brooklyn, NY 11224
Coney Island


HIGHLIGHTS

  • Mixed-use property with four residential units and a ground-floor commercial space.
  • Positioned between West 21st Street and West 22nd Street in the Coney Island neighborhood.
  • Just minutes from the Coney Island–Stillwell Avenue subway station with multiple train lines.
  • Surrounded by a strong retail presence, local attractions, and a dense residential community.
  • Potential for additional buildable square footage under current zoning regulations.
  • Offered at $1,288,000, presenting significant investment appeal in a growing market.

OVERVIEW

Tri State Commercial presents 2114 Mermaid Avenue, offering an attractive investment opportunity in the heart of Coney Island, one of Brooklyn’s most dynamic neighborhoods. This property spans approximately 3,135 square feet and is configured as a mixed-use building combining residential and commercial uses. The structure includes four residential units totaling 2,090 square feet and one ground-floor commercial space, providing diverse income streams for long-term stability. Located along the Mermaid Avenue corridor, the asset is strategically positioned for visibility and accessibility, with strong connectivity to the Coney Island–Stillwell Avenue transit hub served by multiple subway lines. The property is surrounded by a mix of multifamily housing, local retailers, and entertainment destinations, ensuring consistent pedestrian and vehicular traffic. With an FAR allowing a maximum buildable area of 5,625 SF, there is added upside for future development potential. Coney Island continues to benefit from ongoing public and private investment initiatives, reinforcing the area’s appeal to both residents and businesses. This location offers investors an opportunity to acquire a property with steady income, redevelopment potential, and exposure to one of Brooklyn’s well-established and evolving submarkets.

FOR SALE DETAILS

PRICE

$1,288,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,264 SF

ZONING

R6,Brooklyn(S4)

APN/PARCEL ID

07058-0007

ASK ABOUT THIS PROPERTY

Jack SardarTri State CommercialMore Info
718-437-6100

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Jack SardarTri State CommercialMore Info
718-437-6100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.