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1523 Mermaid Avenue, Brooklyn, NY 11224 Property Information

1523 Mermaid Avenue, Brooklyn, NY 11224 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1523 Mermaid Avenue, Brooklyn, NY 11224 1
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Address

Primary address 1523 Mermaid Avenue
Neighborhood Coney Island
Zip code 11224
Borough Brooklyn
Block & lot 07022-0052

Sales & Tax Overview for 1523 Mermaid Avenue, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 06/08/2023
Purchase price $3,000,000
Tax class

Lot & Building Information for 1523 Mermaid Avenue, Brooklyn

Lot sq. ft. 4,913
Lot dimensions 34 ft x 120 ft
Property type One Story Retail Building (K1)
Buildings on lot 1
Status
Status date
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Zoning & Use for 1523 Mermaid Avenue, Brooklyn

Qualified opportunity zone
Commercial units 1

Other Property Data for 1523 Mermaid Avenue, Brooklyn

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Floor area ratio (FAR) for 1523 Mermaid Avenue, Brooklyn, NY 11224, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 1523 Mermaid Avenue, Brooklyn, NY 11224, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 1523 Mermaid Avenue, Brooklyn

What is the market value of 1523 Mermaid Avenue, Brooklyn, NY 11224?

The current market value is $317,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 1523 Mermaid Avenue, Brooklyn

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Property owner name for 1523 Mermaid Avenue, Brooklyn, NY 11224
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Building contacts for 1523 Mermaid Avenue, Brooklyn, NY 11224
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 1523 Mermaid Avenue, Brooklyn

Create a free account to view the complete sales history for 1523 Mermaid Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
06/08/2023 $3,000,000
02/07/2011 $1,595,000
       
       
       
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Title Documents for 1523 Mermaid Avenue, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
08/01/2025 - D
08/06/2025 - R
Sundry Miscellaneous
(2025080100440001)
07/24/2025 - D
07/31/2025 - R
Certificate
(2025072500447002)
07/24/2025 - D
07/31/2025 - R
Zoning Lot Description
(2025072500447001)
06/08/2023 - D
06/20/2023 - R
Deed
(2023060800671001)
04/03/2023 - D
04/24/2023 - R
Deed
(2023040600059001)
03/30/2023 - D
06/20/2023 - R
Termination of Assign of L&R
(2023060800671003)
03/30/2023 - D
06/20/2023 - R
Satisfaction of Mortgage
(2023060800671002)
02/16/2011 - D
03/24/2011 - R
Satisfaction of Mortgage
(2011031800416001)
02/07/2011 - D
02/15/2011 - R
Deed
(2011021001109001)
05/16/2005 - D
03/16/2006 - R
Certificate
(2006010600381018)
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R: Recorded date
D: Document date

Property Taxes for 1523 Mermaid Avenue, Brooklyn

Access detailed property tax data for 1523 Mermaid Avenue, Brooklyn, NY 11224. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $13,434
Tax assessor's market value: $317,000
Assessed value: $142,650

Assessment History for 1523 Mermaid Avenue, Brooklyn

Here's the assessment & property tax history for 1523 Mermaid Avenue, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $317,000 $142,650 $123,840 10.848% $13,434 $13,434 +6.28%
2024/25 $281,000 $126,450 $117,450 10.762% $12,640 $12,640 +103.33%
2023/24 $294,000 $132,300 $58,689 10.592% $12,088 $6,216 +30.69%
2022/23 $303,000 $136,350 $44,680 10.646% $11,641 $4,757 +46.67%
2021/22 $181,000 $81,450 $30,150 10.755% $8,760 $3,243 +0.58%

Permits for 1523 Mermaid Avenue, Brooklyn

The complete history of permits filed for 1523 Mermaid Avenue, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
09/03/2024 Alteration
08/05/2024 Full demolition
09/21/2016 Alteration type 2
04/23/2003 New building
04/22/2003 New building
02/14/2003 New building
07/31/2002 New building
02/20/2002 New building
02/20/2002 New building
02/20/2002 New building
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% YoY

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

Transportation

Distance to Subway
Closest station Stillwell Ave & Surf Ave at NE Corner
Station lines D-F-N-Q
Distance (miles) 0.138
Bus Routes
Name Mermaid Av/W 15 St
Line B74
Distance (miles) 0.026

Neighbors for 1523 Mermaid Avenue, Brooklyn

Here are the neighbors for 1523 Mermaid Avenue, Brooklyn, NY 11224.

Address Square feet Purchase date Purchase price
1264 Coney Island Ave, Brooklyn 12,528 07/07/1986
244 A 13th St, Brooklyn 2,724 03/25/1985
517 Putnam Ave, Brooklyn 3,050 02/16/2021
642 E 23rd St, Brooklyn 2,757 09/17/2025
5 N 11th St, Brooklyn 04/19/2017 $160,000,000
285 Rugby Rd, Brooklyn 3,726 07/07/1997
436 Franklin Ave, Brooklyn 4,080 09/22/2014 $760,000
2709 W 36th St, Brooklyn 1,280
1434 Pitkin Ave, Brooklyn 06/25/2007
1336 E 95th St, Brooklyn 2,550 11/04/2003 $445,400
1262 A Coney Island Ave, Brooklyn
58 Kent Ave, Brooklyn 97,300 04/19/2017 $160,000,000
87 Macdougal St, Brooklyn 2,200 08/03/2001
472 Willoughby Ave, Brooklyn 3,600 10/05/2016 $1,725,000
5301 Avenue I, Brooklyn 2,580 02/11/2013
3807 Highland Ave, Brooklyn 3,259 11/09/2000
178 Wyona St, Brooklyn 1,610 06/16/2017 $656,000
1517 Mermaid Ave, Brooklyn 06/08/2023 $3,000,000
45 Canton CT, Brooklyn 1,680 05/05/2017 $140,000
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