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Massey Knakal Realty Services has been retained on an exclusive basis to sell a retail property at 3002 Mermaid Avenue. The property occupies the entire blockfront between West 30th and West 31st Streets in Brooklyn’s Coney Island neighborhood. The asking price is $13,900,000.

The property contains approximately 23,681 square feet and sits on a 237.62’ x 150’ lot, benefiting from approximately 237’ of frontage on Mermaid Avenue. Anchored by Citibank, the highly visible property is fully leased with triple-net tenants.  It stands to capitalize from the Coney Island Rezoning Plan, which was approved in July 2009 to usher in wide spread improvements throughout the area.

The property is located near major thoroughfares Surf Avenue, Cropsey Avenue, and the Belt Parkway.  Additionally, the D, F, N, and Q subway lines located at Stillwell Avenue are in close proximity and multiple bus lines service the area.

"There is a lot of excitement in the Coney Island neighborhood right now,” said Massey Knakal’s Alex Svetlakov, who is exclusively marketing this property.  “Luna Park and other local attractions continue to thrive and many will agree that the area is on its way of becoming one of New York's must-visit locations once again,” he continued.

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Neighborhoods: Coney Island