1613 Mermaid Avenue

Listed By CompassNew Construction
Listed By CompassNew Construction
Gallery Image 1
Gallery Image 2
Gallery Image 3
Gallery Image 4
Gallery Image 5
Gallery Image 6
Gallery Image 7
Gallery Image 8
Gallery Image 9
$6,500,000
45 beds15,986 sqft$407/sqft
1613 Mermaid Avenue, Coney Island
Est: $46,650/moGet pre-approved

Description

1613 Mermaid Avenue presents a rare opportunity to acquire a recently constructed mixed-use investment property in the heart of Coney Island. It is in the middle of the TREMENDOUS $1B investment into the Coney Island waterfront corridor. Located 1 block to Surf Avenue, 2 blocks to Nathan's hot dogs. This is a cash cow trophy property ready for its new owner.
Built in 2020, the seven-story elevator building spans approximately 15,986 square feet and consists of 16 residential apartments, eight parking...1613 Mermaid Avenue presents a rare opportunity to acquire a recently constructed mixed-use investment property in the heart of Coney Island. It is in the middle of the TREMENDOUS $1B investment into the Coney Island waterfront corridor. Located 1 block to Surf Avenue, 2 blocks to Nathan's hot dogs. This is a cash cow trophy property ready for its new owner.

Built in 2020, the seven-story elevator building spans approximately 15,986 square feet and consists of 16 residential apartments, eight parking spaces, and a laundry facility. Ideally located between West 16th and West 17th Streets, the property sits just moments from the iconic Coney Island Boardwalk, beaches, and major transportation lines, positioning it within one of Brooklyn’s most recognizable and evolving waterfront neighborhoods.

Current average rents are approximately $2,805 per apartment, with projected annual residential income of $538,500, PLUS additional revenue generated from parking and laundry operations. The building’s modern construction, efficient layouts, and strong tenant demand contribute to a compelling investment with long-term upside potential.

A major highlight of the offering is the valuable 421A tax exemption, currently in year 8 of 15 and extending through June 30, 2034, creating strong cash-on-cash performance and long-term holding appeal in a rapidly developing submarket.

Coney Island continues to experience ongoing public and private investment, blending its historic beachfront attractions with a growing year-round residential community. Residents enjoy immediate access to the beach, Luna Park, the New York Aquarium, Maimonides Park, and multiple retail conveniences, while the nearby Stillwell Avenue transportation hub provides direct subway access to Manhattan. 1613 Mermaid Avenue represents a turnkey Brooklyn multifamily asset combining modern construction, tax advantages, and stable income in one of New York City’s most iconic coastal neighborhoods.

Email today for the Offering Memorandum!
LISTING UPDATED: 05/26/2026 06:06 PM

Listing Agents

  1. Sarah Sawyer

    Sarah Sawyer

    Alternative Listing Agent

    Compass

    P: (917) 854-1898

    CallText
  2. Philip Morelli

    Philip Morelli

    Listing Agent

    Compass

    P: (917) 843-3121

    CallText

Property Details for 1613 Mermaid Avenue

Status
Active
Days on Market
82
Taxes
$13,611 / month
Maintenance
-
Min. Down Pymt
-
Total Rooms
40.0
Property Type
Mixed Use
MLS Type
-
Year Built
2020
Lot Size
-
County
Kings County
Buyer's Agent Compensation
2%

Amenities

  • Laundry in Building
  • Laundry Room

Location

Add your commute

Building Information for 1613 Mermaid Avenue

Stories7Residences16Year Built2020Building Size38' x 56'Building Sq. Ft14,896 SFLot Size-Building Age-Building Type-

Payment Calculator

Get preapproved with Rocket Mortgage1

$46,650 per month

30 year fixed, 6.55% Interest

Principal and Interest

$33,039

Property Taxes

$13,611

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property History for 1613 Mermaid Avenue

DateEvent & SourcePriceAppreciation
May 21, 2026

Listed (Active)

Manual

$6,500,000—
DateEvent & SourcePrice
05/21/2026

Listed (Active)

Manual

$6,500,000

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

Schools near 1613 Mermaid Avenue

This home is within New York City Geographic District #21.
Rating
School
Type
Grades
Distance
P.S. 90 Edna Cohen School
Public - PK to 5
Is 303 Herbert S Eisenberg
Public - 6 to 8
Liberation Diploma Plus
Public - 9 to 12
Mark Twain is 239 for the Gifted and Talented
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

Mark Twain is 239 for the Gifted and Talented
Public6 to 8

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.

Neighborhood Map and Transit

Similar Homes

New listings in 11224

Listing Courtesy of Vylla Home

$569,750

4
Bedrooms
2
Bathrooms
2,032
Square Feet
26' x 100'
lot size

Lyme Avenue

Seagate

$998,000 | 3731 Maple Avenue | Seagate
1/26
Listed By CompassVirtual Tour

$998,000

3
Bedrooms
2,597
Square Feet
0.08
Acres

3731 Maple Avenue

Seagate

a front view of a house with trees
1/3

Listing Courtesy of REALHome Services & Solutions

$896,600

3
Bedrooms
1,960
Square Feet
0.04
Acres

3728 Lyme Avenue

Seagate

$1,398,000 | 3829 Beach 38th Street | Seagate
1/31
Listed By CompassVirtual Tour

$1,398,000

5
Bedrooms
3,250
Square Feet
0.11
Acres

3829 Beach 38th Street

Seagate

$449,500 | 464 Neptune Avenue, Unit 23C | Coney Island
1/20
Listed By Corcoran

$449,500

2
Bedrooms
Unavailable
Square Feet

464 Neptune Avenue, Unit 23C

Coney Island

$1,149,000 | 3735 Cypress Avenue | Seagate
1/19
Listed By Compass

$1,149,000

3
Bedrooms
1,725
Square Feet
0.06
Acres

3735 Cypress Avenue

Seagate

$1,498,000 | 5007 Surf Avenue | Seagate
1/39
Listed By CompassVirtual Tour

$1,498,000

3
Bedrooms
2,432
Square Feet
0.20
Acres

5007 Surf Avenue

Seagate

$748,000 | 4209 Nautilus Avenue | Seagate
1/18
Listed By CompassVirtual Tour

$748,000

3
Bedrooms
1,360
Square Feet
0.06
Acres

4209 Nautilus Avenue

Seagate

a front view of a building with multiple windows

Listing Courtesy of EXIT Realty Premier

$1,085,000

5
Bedrooms
2,244
Square Feet
0.05
Acres

2837 West 37th Street

Coney Island

Explore Nearby Homes

More information about 1613 Mermaid Avenue, Coney Island

1613 Mermaid Avenue is a mixed use property for sale in Coney Island. This property was listed for sale on May 21, 2026 by Compass, it's currently listed at $6,500,000. This listing's school district is New York City Geographic District #21. Nearby schools include P.S. 90 Edna Cohen School, Is 303 Herbert S Eisenberg and Liberation Diploma Plus. 1613 Mermaid Avenue is a 45-bed, 16-bath, 15,986 sqft mixed use property built in 2020.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.