1604 Mermaid Avenue

Coney Island

$3,899,000
Price
Beds
13,253 Sq. Ft.
$294 / Sq. Ft.
13,253
Sq. Ft.
$294
per Sq. Ft.

Description

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...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
  1. Listed by Anthony Mussolino • Ben Bay Realty Co of Bay Ridge

Amenities

  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise

Location

Listing Courtesy of Ben Bay Realty Co of Bay Ridge
Add your commute
LISTING UPDATED: 04/27/2024 02:23 PM

Property Details for 1604 Mermaid Avenue

StatusActive
MLS ID479970
Days on Market74
Taxes$60,478 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeMixed Use
Year Built1930
Lot Size3,900 SF / 39' x 100'
CountyKings County

Building

1604 Mermaid Ave

16 Units4 StoriesBuilt in 1930

Location

Listing Courtesy of Ben Bay Realty Co of Bay Ridge
Add your commute

Building Information for 1604 Mermaid Avenue

Stories4Residences16Year Built1930Building Size38.75' x 85.5'Building Sq. Ft13,252.5 SFLot Size3,900 SF / 39' x 100'Building Age-Building Type-

Payment Calculator

$26,318 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,278

Property Taxes

$5,040

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1604 Mermaid Avenue

Summary
Location and General Information
  • Block: 7062
  • Number Of Stories: 2
  • Cross Street Name: West 16th St
  • Zoning: R7A
  • Roof: Flat, Rubber
  • Water Front Present YN: No
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 60478.0
  • Gross Income: $331,141.00
  • Miscellaneous Expense: 500.0
Property
Lot Information
  • Sq Ft Total: 13253
  • Yard: Back
  • Lot Number: 11
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 39
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Oil
  • Hot Water: Oil
  • Utility Expense: 1000.0
  • Fuel Expense: 35000.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full, Unfinished
  • Commercial Features Interior: Lobby – Security
  • Foundation Details: Block
  • Flooring: Parquet
  • Unit Count: 15
  • Lavatories: 2
  • Construction Materials: Brick
  • Electric: Circuit Breakers
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Fence - Partial
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 3354.0
  • Building Length: 86.0
  • Building Type: Semi-Detached
  • Building Width: 39.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 3350.0
  • Unit Floor: 1 Fl Left
  • Unit Status: Leased
  • Unit Unit Type: Laundrymat
Unit 2
  • Unit Category: Store
  • Unit Current Rent: 3800.0
  • Unit Floor: 1 Fl Rt
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1470.88
  • Unit Floor: 1A
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1313.28
  • Unit Floor: 2B
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1614.38
  • Unit Floor: 2C
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1817.58
  • Unit Floor: 2D
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1260.75
  • Unit Floor: 2E
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 8
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1462.72
  • Unit Floor: 3F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 9
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1339.28
  • Unit Floor: 3G
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 10
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1306.36
  • Unit Floor: 3H
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 11
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1389.08
  • Unit Floor: 3I
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 12
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 4J
  • Unit Projected Rent: 1425.00
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 13
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 4K
  • Unit Projected Rent: 1450.00
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 14
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1470.88
  • Unit Floor: 4L
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 15
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1570.69
  • Unit Floor: 4M
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 13000.0
  • Owner Occupied: No

Property History for 1604 Mermaid Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1604 Mermaid Avenue

This home is within Nyc Geog District #21 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 90 Edna Cohen School
PublicPK to 5

Is 303 Herbert S Eisenberg
Public6 to 8

Liberation Diploma Plus
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1604 Mermaid Avenue is a townhouse for sale in Coney Island. This property was listed for sale on February 20, 2024 by Ben Bay Realty Co of Bay Ridge, it's currently listed at $3,899,000. This listing's school district is Nyc Geog District #21 - Brooklyn. Nearby schools include P.S. 90 Edna Cohen School, Is 303 Herbert S Eisenberg and Liberation Diploma Plus. 1604 Mermaid Avenue is a 0-bed, 0-bath, 13,253 sqft townhouse built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ben Bay Realty Co of Bay Ridge

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