New York City  »  11224  »  Mermaid Ave  »  1516 Mermaid Ave

1516 Mermaid Avenue, Brooklyn, NY 11224 - Property report

Also known as: 1514 Mermaid Ave

Property image for 1516 Mermaid Avenue, Brooklyn, NY 11224
static Mapbox map

Property type

Primarily Two Family with One Store or Office (S2)

Year built

1920

Lot sq. ft.

5,325

Sale price

$1,225,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
1516 Mermaid Avenue
Alternate address(es)
1514 Mermaid Ave
ZIP code
11224
Neighborhood
Coney Island
Borough
Brooklyn
Block & lot
07063-0006

Owner

Find out who owns 1516 Mermaid Avenue, Brooklyn, NY 11224. Uncover corporate and individual owners with a free account.

Building
Property type
Primarily Two Family with One Store or Office (S2)
Building sq. ft.
3,000
Building dimensions
20 ft x 50 ft
Buildings on lot
1
Stories
3
Year built
1920
Building material
Sales
Sale date
11/04/2025
Sale price
$1,225,000
Tax
Tax year
2026-2027
Property tax
$4,526
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Commercial units
1
Retail sq. ft.
Lot
Lot dimensions
50 ft x 106.5 ft
Lot sq. ft.
5,325

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
0.35 Miles
Closest fire station
0.51 Miles

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

Ownership

Ownership information for 1516 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 1516 Mermaid Avenue, Brooklyn, NY 11224

Sale date Sale price Buyer name Seller name
11/04/2025 $1,225,000 XXXX XXXXXXX XXXXXX XXX XXXXXX XXXXXX XXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
11/06/2025 - R Initial UCC1
(2025110400719004)		 XXXX XXXXXXX XXXXXX XXX XXX XXXXXXX XXXXXXXXX XXX
11/10/2025 - R
11/04/2025 - D		 Termination of Assign of L&R
(2025110600471002)		 XXXXXX XXXXXX XXXX XXXXXXXX XXXX X X
11/10/2025 - R
11/04/2025 - D		 Partial Release of Mortgage
(2025110600471001)		 XXXXXX XXXXXX XXXX XXXXXXXX XXXX X X
11/06/2025 - R
11/04/2025 - D		 Assignment of Leases and Rents
(2025110400719003)		 XXXX XXXXXXX XXXXXX XXX XXX XXXXXXX XXXXXXXXX XXX
11/06/2025 - R
11/04/2025 - D		 Mortgage
(2025110400719002)		 XXXX XXXXXXX XXXXXX XXX XXX XXXXXXX XXXXXXXXX XXX
11/06/2025 - R
11/04/2025 - D		 Deed
(2025110400719001)		 XXXXXX XXXXXX XXXX XXXX XXXXXXX XXXXXX XXX
02/17/2022 - R
02/04/2022 - D		 Assignment of Leases and Rents
(2022020800571002)		 XXXXXX XXXXXX XXXX XXXXXXXXX XXXX
02/17/2022 - R
02/04/2022 - D		 Mortgage
(2022020800571001)		 XXXXXX XXXXXX XXXX XXXXXXXXX XXXX
02/17/2022 - R
01/25/2022 - D		 Subordination of Mortgage
(2022020800571003)		 XXXXXX XXXXXX XXXX XXXXXXXXX XXXX
09/10/2020 - R
08/21/2020 - D		 Memorandum of Lease
(2020090400249001)		 XXXXXX XXXXXX XXXX XXXX XXXXXX XXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1516 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
$4,526
Municipal exemptions
Recent tax assessments
Market value
$866,000
Assessed value
$51,960

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 $933,000 $55,980 $22,810 19.843% $4,526 $4,526 -0.45%
2024/25 $747,000 $44,820 $22,637 20.085% $4,547 $4,547 +6.00%
2023/24 $843,000 $50,580 $21,356 20.085% $4,289 $4,289 +4.83%
2022/23 $829,000 $49,740 $20,148 20.309% $4,092 $4,092 +7.82%
2021/22 $741,000 $44,460 $19,008 19.963% $3,795 $3,795 -5.13%
2020/21 $469,000 $28,140 $19,008 21.045% $4,000 $4,000 +0.18%
2019/20 $408,000 $24,480 $18,864 21.167% $3,993 $3,993 +7.25%
2018/19 $340,000 $20,400 $17,797 20.919% $3,723 $3,723 +8.77%
2017/18 $317,000 $19,020 $16,790 20.385% $3,423 $3,423 +8.09%
2016/17 $264,000 $15,840 $15,840 19.991% $3,167 $3,167 +2.23%
Permits

Permit information for 1516 Mermaid Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
10/23/2024 Alteration
08/24/2022 Alteration
02/07/2014 Alteration type 2
11/27/2013 Alteration type 2
02/06/1998 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
04/28/2022 C-construction other optional

*Most recent DOB violation on record for this property.

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

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)
0.109
View subway map

Access the detailed traffic volume map for 1516 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

Neighbors for 1516 Mermaid Avenue, Brooklyn, NY

2906 W 15th St, Brooklyn 1614 Mermaid Ave, Brooklyn 2904 Stillwell Ave, Brooklyn 1608 Mermaid Ave, Brooklyn 2908 Stillwell Ave, Brooklyn 1610 Mermaid Ave, Brooklyn 1502 Mermaid Ave, Brooklyn 1520 Mermaid Ave, Brooklyn 1526 Mermaid Ave, Brooklyn 1527 Surf Ave, Brooklyn 1416 Mermaid Ave, Brooklyn 1301 Surf Ave, Brooklyn 1602 Mermaid Ave, Brooklyn 1612 Mermaid Ave, Brooklyn 1512 Mermaid Ave, Brooklyn 1515 Surf Ave, Brooklyn 1521 Surf Ave, Brooklyn 1530 Mermaid Ave, Brooklyn

Nearby ZIP codes for 1516 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 1516 Mermaid Avenue, Brooklyn, NY 11224?

The development at 1516 Mermaid Avenue, Brooklyn, NY 11224 was built in 1920.

What is the market value of 1516 Mermaid Avenue, Brooklyn, NY 11224?

The current market value of 1516 Mermaid Avenue, Brooklyn, NY 11224 is $866,000.

What is the total square footage of 1516 Mermaid Avenue, Brooklyn, NY 11224?

1516 Mermaid Avenue, Brooklyn, NY 11224 has a total of 3,000 square feet.

What is the price per square foot for this property?

$408 per square foot is the price for 1516 Mermaid Avenue, Brooklyn, NY 11224.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

How many active listings does 1516 Mermaid Avenue, Brooklyn, NY 11224 have?

This address has 1 active listing(s).

Disclaimer

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