New York City  »  11224  »  Mermaid Ave  »  1520 Mermaid Ave

1520 Mermaid Avenue, Brooklyn, NY 11224 - Property report

Also known as: 1518-1520 Mermaid Ave

Property image for 1520 Mermaid Avenue, Brooklyn, NY 11224
static Mapbox map

Property type

One Story Retail Building (K1)

Year built

1935

Lot sq. ft.

4,156

Sale price

$1,519,619

General information

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Address
Primary address
1520 Mermaid Avenue
Alternate address(es)
1518-1520 Mermaid Ave
ZIP code
11224
Neighborhood
Coney Island
Borough
Brooklyn
Block & lot
07063-0004

Owner

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Building
Property type
One Story Retail Building (K1)
Building sq. ft.
918
Building dimensions
17 ft x 54 ft
Buildings on lot
1
Stories
1
Year built
1935
Building material
Sales
Sale date
04/04/2025
Sale price
$1,519,619
Tax
Tax year
2026-2027
Property tax
$9,304
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
40.58 ft x 102.42 ft
Lot sq. ft.
4,156

Area overview

Walk score
88 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
69 /100.  Bikeable
School district
21
Community district
13
Closest police station
0.36 Miles
Closest fire station
0.50 Miles

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Ownership information for 1520 Mermaid Avenue, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 1520 Mermaid Avenue, Brooklyn, NY 11224

Sale date Sale price Buyer name Seller name
04/04/2025 $1,519,619 XX XXXXXXX XXXXX XXX XXXXXXX X XXXXXXXX, XXX. , XX XXXXXXX
08/03/2005 $760,000 XXXXXX XXXXXX XXXX. XXXXXX, XXXXX XXX XXXXXX, XXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/15/2026 - R Initial UCC1
(2026011400881001)
XX XXXXXXX XXXXX XXX XXX XXXXXXX XXXXXXXXX XXX
04/15/2025 - R
04/04/2025 - D
Assignment of Leases and Rents
(2025040700709003)
XX XXXXXXX XXXXX XXX XXX XXXXXXX XXXXXXXXX XXX
04/15/2025 - R
04/04/2025 - D
Mortgage
(2025040700709002)
XX XXXXXXX XXXXX XXX XXX XXXXXXX XXXXXXXXX XXX
04/15/2025 - R
04/04/2025 - D
Deed
(2025040700709001)
XXXXXXX X XXXXXXXX XXX XX XXXXXXX XX XXXXXXX XXXXX XXX
04/15/2025 - R
03/10/2025 - D
Discharge of Tax Lien
(2025040700709004)
XXX XXXX XX XXX XXXX XXXXXX
04/06/2023 - R Initial UCC1
(2023040500893001)
XXXXXXXXXXX XXXXXX XXXX XX XXXXXX XXX
02/01/2024 - R
01/27/2022 - D
Court Order
(2024012500619001)
XXXXXXXX XXXXXXXX XXXX XXXX XXXXXX XXXXXXXXX
08/23/2018 - R
08/09/2018 - D
Tax Lien Sale Certificate
(2018082200613001)
XXXX XX XXX XXXX XXXX XX XXX XXXX
01/24/2018 - R
10/27/2017 - D
Assignment, Mortgage
(2018012300788001)
XXXXX XXXXXXX XXXXXX XXX XX XXXXXX XXX
11/17/2017 - R
10/27/2017 - D
Asgn of Asgn of L&R
(2017111400514001)
XXXXX XXXXXXX XXXXXX XXX XX XXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 1520 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
$9,304
Municipal exemptions
Recent tax assessments
Market value
$216,000
Assessed value
$97,200

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 $213,000 $95,850 $80,190 10.848% $8,699 $8,699 +3.71%
2024/25 $180,000 $81,000 $77,940 10.762% $8,388 $8,388 -0.01%
2023/24 $176,000 $79,200 $79,200 10.592% $8,389 $8,389 +4.23%
2022/23 $168,000 $75,600 $75,600 10.646% $8,048 $8,048 +7.99%
2021/22 $154,000 $69,300 $69,300 10.755% $7,453 $7,453 -16.46%
2020/21 $188,000 $84,600 $83,430 10.694% $8,922 $8,922 +6.07%
2019/20 $199,000 $89,550 $79,830 10.537% $8,412 $8,412 +7.75%
2018/19 $189,000 $85,050 $74,250 10.514% $7,807 $7,807 +6.73%
2017/18 $189,000 $85,050 $69,570 10.514% $7,315 $7,315 +5.43%
2016/17 $162,000 $72,900 $65,610 10.574% $6,938 $6,938 +1.74%

Permit information for 1520 Mermaid Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
10/29/2013 New building
09/11/2013 New building
06/24/2013 Alteration type 3
09/12/2012 New building

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

No recently recorded violations for this property.

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

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FEMA flood zones

Property location map
FEMA flood zones
AE

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
1

Subway & traffic

Closest station
Stillwell Ave & Surf Ave at NE Corner
Station lines
D-F-N-Q
Distance (miles)
0.117

Access the detailed traffic volume map for 1520 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

Frequently asked questions

What is the year built for 1520 Mermaid Avenue, Brooklyn, NY 11224?

The development at 1520 Mermaid Avenue, Brooklyn, NY 11224 was built in 1935.

What is the market value of 1520 Mermaid Avenue, Brooklyn, NY 11224?

The current market value of 1520 Mermaid Avenue, Brooklyn, NY 11224 is $216,000.

What is the total square footage of 1520 Mermaid Avenue, Brooklyn, NY 11224?

1520 Mermaid Avenue, Brooklyn, NY 11224 has a total of 918 square feet.

What is the price per square foot for this property?

$1,655 per square foot is the price for 1520 Mermaid Avenue, Brooklyn, NY 11224.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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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.

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