1613 Mermaid Avenue ay nag-aalok ng pambihirang pagkakataon upang makakuha ng isang bagong tayong mixed-use investment property sa puso ng Coney Island. Ito ay nasa gitna ng TREMENDOUS na $1B na pamumuhunan sa Coney Island waterfront corridor. Matatagpuan ito isang block mula sa Surf Avenue, dalawang blocks mula sa Nathan's hot dogs. Ito ay isang cash cow trophy property na handa na para sa bagong may-ari nito.

Itinayo noong 2020, ang pitong palapag na may elevator na gusali ay humigit-kumulang 15,986 square feet at binubuo ng 16 residential apartments, walong parking spaces, at isang laundry facility. Ang lokasyon nito ay perpekto sa pagitan ng West 16th at West 17th Streets, ang property ay ilang sandali lamang mula sa iconic Coney Island Boardwalk, mga beach, at mga pangunahing linya ng transportasyon, na nagpoposisyon dito sa isa sa mga pinaka-kilala at umuusad na waterfront neighborhoods ng Brooklyn.

Ang kasalukuyang average na renta ay humigit-kumulang $2,805 bawat apartment, na may inaasahang taunang residential income na $538,500, HIGIT PA ang karagdagang kita mula sa parking at laundry operations. Ang modernong konstruksyon ng gusali, mga mahusay na layout, at malakas na demand mula sa mga nangungupahan ay nag-aambag sa isang kaakit-akit na pamumuhunan na may potensyal na pangmatagalang pagtaas.

Isang pangunahing tampok ng alok ay ang mahalagang 421A tax exemption, kasalukuyang nasa taon 8 ng 15 at magpapatuloy hanggang Hunyo 30, 2034, na lumilikha ng malakas na cash-on-cash na pagganap at pangmatagalang apela sa isang mabilis na umuunlad na submarket.

Patuloy na nakakaranas ng patuloy na pampubliko at pribadong pamumuhunan ang Coney Island, na pinagsasama ang mga makasaysayang atraksyong nasa tabi ng dalampasigan sa lumalaking residential community na mag-ka全年. Ang mga residente ay may agarang access sa beach, Luna Park, New York Aquarium, Maimonides Park, at maraming retail convenience, habang ang malapit na Stillwell Avenue transportation hub ay nagbibigay ng direktang subway access patungong Manhattan. Ang 1613 Mermaid Avenue ay kumakatawan sa isang turnkey na multifamily asset sa Brooklyn na pinagsasama ang modernong konstruksyon, mga bentahe sa buwis, at matatag na kita sa isa sa mga pinaka-iconic na coastal neighborhoods ng New York City.

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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.

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