41,082 BSF Development Site in Coney Island

1516 Mermaid Ave, Brooklyn, NY 11224

Property Information

  • For Sale Contact for pricing
  • Property Type Land
  • Property Size 41,082 SF
  • Lot Size 0.12 Acre
  • Taxes / YR $13,225.00
  • Zoning R7A / C2-4
  • Year Built 1920
  • Date Updated May 19, 2026

Description

Price: Please Inquire

Investment Highlights

• The property is in the heart of unprecedented development activity in Coney Island, which in recent years has delivered thousands of new residential units to the neighborhood
• Located on the south side of Mermaid Avenue between W 15th & W 16th Streets
• Premier development opportunity offering 41,082 BSF
• Zoned R7A / C2-4 within the Special Coney Island District, allowing for mixed-use residential project
• Strong Market Fundamentals – Nearby new developments are achieving record residential rents for Coney Island, supported by a thriving retail market
• The property is situated on one of Coney Island’s primary retail corridors, and less than 2 blocks from the Coney Island - Stillwell Av D F N Q subway train station.

 

 

Contacts

Nicole Daniggelis

Ariel Property Advisors

Sean R. Kelly

Ariel Property Advisors

Stephen Vorvolakos

Ariel Property Advisors

Location

Located at 1516 Mermaid Ave, Brooklyn, NY 11224, this property is part of the Coney Island neighborhood and Brooklyn market.

  • 88/100 Very Walkable
  • 100/100 Rider's Paradise
  • 69/100 Bikeable
Powered by Walk Score ®
Contact 41,082 BSF Development Site in Coney Island
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.