Listing Courtesy of: REBNY / Listed By: Compass
1613 Mermaid Avenue Brooklyn, NY 11224
Active (20 Days)
$6,500,000 (USD)
Description
MLS #:
RLS20092735
RLS20092735
Taxes
$163,332
$163,332
Type
Single-Family Home
Single-Family Home
Year Built
2020
2020
County
Kings County
Kings County
Community
Coney Island
Coney Island
Listed By
Sarah Sawyer, Compass
Source
REBNY
Last checked Jun 11 2026 at 1:58 AM EDT
REBNY
Last checked Jun 11 2026 at 1:58 AM EDT
Bathroom Details
- Full Bathrooms: 16
Interior Features
- Laundry: Laundry Room
- Laundry: See Remarks
Subdivision
- Coney Island
Property Features
- Fireplace: 0
Stories
- 7
Living Area
- 15,986 sqft
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Awaye Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Real Estate Board of New York (REBNY). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/10/26 18:58
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!