New York City » 11224 » Mermaid Ave » 1525 Mermaid Ave

1525 Mermaid Avenue, Brooklyn, NY 11224 - Property report

Also known as: 2879-2889 W 16th St

Property image for 1525 Mermaid Avenue, Brooklyn, NY 11224

Property type

Single or Multiple Dwelling with Stores or Offices (S9)

Year built

1936

Lot sq. ft.

4,000

Sale price

$840,000

General information

Address

Primary address

1525 Mermaid Avenue

Alternate address(es)

1527 Mermaid Ave
2879-2889 W 16th St

ZIP code

11224

Neighborhood

Coney Island

Borough

Brooklyn

Block & lot

07022-0054

Building

Property type

Single or Multiple Dwelling with Stores or Offices (S9)

Building sq. ft.

5,760

Building dimensions

27 ft x 40 ft

Buildings on lot

Stories

Year built

1936

Last altered

2018

Building material

Sales

Sale date

01/05/2007

Sale price

$840,000

Tax

Tax year

2026-2027

Property tax

$29,289

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

40 ft x 100 ft

Lot sq. ft.

4,000

Area overview

Walk score

88 /100. Very Walkable

Transit score

100 /100. Rider's Paradise

Bike score

69 /100. Bikeable

School district

Community district

Closest police station

0.38 Miles

Closest fire station

0.48 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 1525 Mermaid Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 1525 Mermaid Avenue, Brooklyn, NY 11224

Sale date	Sale price	Buyer name	Seller name
01/05/2007	$840,000	XXXXX XXX	XXX, XXX XXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
08/03/2026 - R 07/28/2026 - D	Termination of Assign of L&R (2026072900054001)	XXXXX XXX	XXX XXXXXXXXXX XXXX
07/29/2026 - R 07/10/2026 - D	Assignment of Leases and Rents (2026071500305004)	XXXXX XXX	XXX XXXXXXXXX XXXX
07/29/2026 - R 07/10/2026 - D	Agreement (2026071500305003)	XXXXX XXX	XXX XXXXXXXXX XXXX
07/29/2026 - R 07/10/2026 - D	Mortgage (2026071500305002)	XXXXX XXX	XXX XXXXXXXXX XXXX
07/29/2026 - R 06/23/2026 - D	Termination of Assign of L&R (2026071500305005)	XXXXXXXXX XXXX	XXXXX XXX
07/29/2026 - R 06/23/2026 - D	Assignment, Mortgage (2026071500305001)	XXXXXXXXX XXXX	XXX XXXXXXXXX XXXX
06/24/2021 - R 06/18/2021 - D	Assignment of Leases and Rents (2021062100447002)	XXXXX XXX	XXX XXXXXXXXXX XXXX
06/24/2021 - R 06/18/2021 - D	Mortgage (2021062100447001)	XXXXX XXX	XXX XXXXXXXXXX XXXX
09/23/2016 - R	Initial UCC1 (2016090800878003)	XXXXX XXX	XXX XXXXXXXXXXXX XXXX
09/23/2016 - R	UCC3 Termination (2016090800878002)	XXXXX XXX	XXXXXXXX XXXXXXX XXXXXX XXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1525 Mermaid Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$29,289

Municipal exemptions

Recent tax assessments

Market value

$820,000

Assessed value

$369,000

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$683,000	$307,350	$218,019	12.439%	$27,119	$27,119	+5.84%
2024/25	$695,200	$312,840	$204,978	12.5%	$25,622	$25,622	+6.24%
2023/24	$869,000	$391,050	$192,904	12.502%	$24,117	$24,117	+1.92%
2022/23	$840,000	$378,000	$192,904	12.267%	$23,664	$23,664	+2.75%
2021/22	$672,000	$302,400	$188,227	12.235%	$23,030	$23,030	+38.64%
2020/21	$332,000	$149,400	$135,419	12.267%	$16,612	$16,612	+6.22%
2019/20	$309,600	$139,320	$125,388	12.473%	$15,640	$15,640	+6.81%
2018/19	$258,000	$116,100	$116,100	12.612%	$14,643	$14,643	-26.84%
2017/18	$782,000	$351,900	$157,363	12.719%	$20,015	$20,015	+6.55%
2016/17	$715,000	$321,750	$145,707	12.892%	$18,785	$18,785	+8.07%

Permits

Permit information for 1525 Mermaid Avenue, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
10/21/2025	Alteration
10/21/2025	Alteration
08/05/2019	Alteration
04/25/2019	Alteration type 2
04/16/2019	Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	10/21/2017	C-construction
	10/21/2017	C-construction
	09/04/2013	C-construction

*Most recent DOB violations on record for this property.

Listings

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Stillwell Ave & Surf Ave at NE Corner

Station lines

D-F-N-Q

Distance (miles)

0.142

View subway map

Access the detailed traffic volume map for 1525 Mermaid Avenue, Brooklyn, NY 11224 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Nearby ZIP codes for 1525 Mermaid Avenue, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11209, New York City, NY 11210, New York City, NY 11214, New York City, NY 11215, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11223, New York City, NY 11225, New York City, NY 11226, New York City, NY 11228, New York City, NY 11229, New York City, NY 11230, New York City, NY 11232, New York City, NY 11234, New York City, NY 11235, New York City, NY 11697, New York City, NY

Frequently asked questions

What is the year built for 1525 Mermaid Avenue, Brooklyn, NY 11224?

The development at 1525 Mermaid Avenue, Brooklyn, NY 11224 was built in 1936.

What is the market value of 1525 Mermaid Avenue, Brooklyn, NY 11224?

The current market value of 1525 Mermaid Avenue, Brooklyn, NY 11224 is $820,000.

What is the total square footage of 1525 Mermaid Avenue, Brooklyn, NY 11224?

1525 Mermaid Avenue, Brooklyn, NY 11224 has a total of 5,760 square feet.

What is the price per square foot for this property?

$145 per square foot is the price for 1525 Mermaid Avenue, Brooklyn, NY 11224.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.