41,082 BSF Development Site in Coney Island
Market Price
1516-1520 Mermaid Avenue, Brooklyn, NY 11224
For Sale
Development
Active
Last Updated: 05/19/2026
3,918 sqft
Building Size
8,200 sqft
Lot Area
Details:
Building Size: 3,918 sqft
Lot Area: 8,200 sqft
Zoning: R7A / C2-4
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.
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Location
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