1604 Mermaid Avenue
Brooklyn, NY, 11224 $ 3,899,000
Baths0.0 Sq 13,253 Monthly Estimate*
$ 27,236
Studio
for $3,899,000. This 13,253 square foot building was built in 1930 on a lot size of 0.089532.
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**
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FeaturesInteriorHeating Fuel Oil
Walls Sheet Rock
Flooring Parquet
Hot Water Oil
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GeneralRoof Flat Rubber
Zoning R7A
Electric Circuit Breakers
Stories 4
Property Type Mixed Use
Block 7062
Yearly Taxes 60478.00
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Semi-Detached
Status Active
Construction Materials Brick
Cumulative Days on Market 67
MLS Area Coney Island
Sub Type Mixed Use
Year Built 1930
City Brooklyn
DOM 67
# Families 13
Coming Soon 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 kit
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ExteriorExterior Brick
Foundation Block
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Internal OnlyOriginating MLS Brooklyn New York MLS
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* Excluded FeaturesList ByBen Bay Realty Co Of Bay RidgeBroker
Affordability Calculator
- Monthly Principal & Interest
- $27,236
- Monthly Property Taxes
- $5,040
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,878,584
Percent of Sale Price 52%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/27/2024 | $3,899,000 | -2.50% | Price Down |
3/20/2024 | $3,999,000 | -7.00% | Price Down |
2/21/2024 | $4,300,000 | | Listed Price |