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Coney Island very rare mixed use 13 family + 2 stores in super hot area, corner building with over 13,000 square feet of living space , all 2 bedrooms, great layouts, 3 exposures, windows in every room, kitchen and bath, many upgrades over the year - electric, windows, roof, walls, ceilings, doors, security cameras and more. Current rent roll approximately $312,000 , expenses are as follows: taxes $60,478, heating oil $35,000, water /sewer $17,500, insurance $13,000, maintenance/repairs/owners electric $9,000. R7A zoning, building size 39’ by 86’, lot size 39’ by 100’ . Iconic Coney Island is under a major transformation, tons of new developments nearby , exceptional opportunity. Perfect 1031 exchange property

Coney Island

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1604 Mermaid Ave UNIT 1, Brooklyn, NY 11224

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