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 Brooklyns 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 buildings 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 Citys most iconic coastal neighborhoods.
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Welcome to 448 Neptune Avenue, Unit 14Ja high-floor unit offering a spacious 1,100+ square feet in one of Brooklyns most desirable CO-OP buildings. This sunlit home features 2 bedrooms, 1.5 bathrooms, a separate dining room, a living room, and ample closet space. The private balcony offers city and ocean views. Built-in custom closets ensure a clutter-free environment, and the open floor plan allows for seamless movement between spaces. Natural light floods the home, enhancing the exquisite finishes and thoughtful design.
The building features a doorman, security, on-site parking, laundry, and play areas, with all utilities included in the maintenance fee.
Located just minutes from restaurants, retail shops, the beaches of Coney Island, Luna Park, and the New York Aquarium, this is the perfect blend of convenience and coastal charm. The proximity to schools, parks, and entertainment makes this home an ideal place to plant roots and watch your family thrive.
Colonial Style Home. This Home Features 3 Bedrooms, 2 Full Baths, Formal Dining Room, & Eat In Kitchen. Centrally Located To All. Don’t Miss This Opportunity!
Estate condition 2 bedroom/1 bathroom in Coney Island. Unit #2C features a generous layout which includes a separate kitchen fitted with appliances, including a dishwasher, wooden cabinetry, dining alcove, massive living area with enough space for both your living and dining room furniture, and a sun-drenched king sized bedroom with plenty of closet space, complemented by a second bedroom with additional storage. Additional features include a full bath fitted with a tub, double pane insulated windows, abundant storage space, and original detailing. Very low maintenance with electricity and gas included. The apartment will be sold in ‘as-is’ condition. 2932 West 5th Street is a well maintained Co-Op building that offers common sitting areas throughout the beautifully landscaped grounds, 24-hour security, on site doctor’s office and daycare, as well as a live in super. Other amenities include keyless door entry, newly updated laundry facilities, vending machines, Amazon Lockers, new playground and recreation room. Parking currently has a waiting list. Pets on approval. Excellent location across from the world famous boardwalk and close to B, F and Q trains, shopping, restaurants, the beach and the New York City Aquarium. Note, the photos have been virtually edited and decluttered.
Perched high on the top floor, Residence 23C at 464 Neptune Avenue is a true oasis.
This expansive two-bedroom, one-bath co-op offers a layout that actually makes sense-with generously proportioned rooms, incredible closet space throughout, and a seamless flow between living, dining, and outdoor living. Upon entering, you’ll notice the expansive living room has excellent natural light, and easily accommodates both a full living area and separate dining space. Oversized windows frame your view of open sky all day long.
Off of the dining area, step outside and take in panoramic views stretching from the neighborhood skyline to the Ocean-your own front-row seat to the best of Brooklyn’s waterfront living. This large private outdoor space is a rare and meaningful extension of the home.
The kitchen is spacious and practical, featuring generous cabinetry, updated stainless steel appliances, and excellent potential to personalize over time. Both bedrooms are exceptionally well-proportioned, including a king-sized primary with a walk-in closet, while the second bedroom offers flexibility for guests, a home office, or growing needs. The renovated bathroom adds a polished, modern touch with fresh finishes and thoughtful design.
Located in one of South Brooklyn’s most established full-service co-op communities, this building offers the conveniences buyers actually care about-24-hour security, attended lobby, laundry, parking (waitlist), recreation room, fitness center, and beautifully maintained grounds. Positioned just moments from the beach, boardwalk, shopping, transportation, and neighborhood essentials, this is a home that balances everyday practicality with lifestyle.
Plus, ALL utilities-heat, gas, electricity and taxes-are conveniently included in the maintenance! Stop looking, and start living.