$2,800,000
Brooklyn, NY 11224
MLS# 2504150
6560 sqft
1 / 6
Property Description
Mixed-Use Asset The Property Features 6 Residential Apartments and 4 Ground-Floor Commercial Spaces, Offering Stable in Place Income Across both Asset Classes. Out of the 4 Commercial Spaces 2 are Currently Vacant. The Commercial Tenants provide an Additional Diversification to the Income Stream. Out of the 6 Residential Units all 6 Units are Rented. (Each Unit 2 Bed/1 Bath). Allowing for Long-Term Income Stability along with Potential Rent Growth as Units Naturally Turn over. A Must See!
Details
Maps
Address/Legal
Section: N/A
Country: United States
Contract/Location Information
List Price/SqFt: 426.83
Sale/Lease: Sale
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 4
Taxes: 16780
Tax Abated: No
Lot Size SqFt: 2000
Year Built Info: Approx
Lot Dim: 20x100
Irregular: No
Air Conditioner: Units
Condition: Excellent
Garage Capacity: 0
# of Parking Spaces: 0
# Units: 10
Lease Purchase: No
# of Residential Units: 6
# of Commercial Units: 4
# of Mfg Units: 0
# of Medical Units: 0
# of Non-Conform Units: 0
Public Remarks: Mixed-Use Asset
The Property Features 6 Residential Apartments and 4 Ground-Floor Commercial Spaces, Offering Stable in Place Income Across both Asset Classes. Out of the 4 Commercial Spaces 2 are Currently Vacant. The Commercial Tenants provide an Additional Diversification to the Income Stream.
Out of the 6 Residential Units all 6 Units are Rented. (Each Unit 2 Bed/1 Bath). Allowing for Long-Term Income Stability along with Potential Rent Growth as Units Naturally Turn over. A Must See!
Cooling: Yes
Year Built: 1930
Building SqFt: 6560
Sewer
City: 1
Electric
220: 1
Showing Instructions
Call Agent: 1
Heat Source
Gas: 1
Heat System
Steam: 1
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Parking
On Street: 1
Garage Location
None: 1
Income & Expense
Cap Rate: 6
Features
Apartment: 1
Mixed Use: 1
Building Info
Sprinklers: No
Construction
Frame Brick: 1
AddressLegal
Street No.: 1728
Street Name: Mermaid
Street Suffix: Avenue
County: Kings
State: NY
Zip Code: 11224
Area Name: Coney Island
Parcel ID: 07061-0001
ContractLocation Information
Status: Active
Marketing/Listing Date: 2025-07-16
List Price: $2,800,000
Current Price: $2,800,000
Sub-Type: Commercial
Zoning: R7-A
Block: 07061
Lot: 0001
Property Features
Electric Meters: Individual
Garage Location: None
Gas Meters: Individual
Heat Source: Gas
Heat System: Steam
Showing Instructions: Call Agent
Electric: 220
Features: Apartment; Mixed Use
Construction: Frame Brick
Parking: On Street
Listing Courtesy of Get Listed ! Get Sold ! NYC
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.