6 months on rocket

1502 Mermaid Ave, Brooklyn, NY, 11224

$2,199,000

Land

Location

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Property Highlights

Home TypeVacant Land
MLS #483877
StatusActive

About 1502 Mermaid Ave

Coney Island-40'x84' Lot (current location for Sneaker Town and Best Choice Cleaners) very favorable R7A with C2-4 commercial overlay zoning with 13,440 buildable residential sq. ft. (FAR 4)-verify with architect, stores will be delivered vacant at closing, prime location with high demand for housing in the area, perfect for a builder looking to take advantage of this corner lot in a super hot area, awesome 1031 exchange property, please don't disturb commercial tenants, opportunity knocks!!

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,199,000

Tax Information:

  • Annual Amount: $18,948
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

Med. Sold Price

$979.9K

Med. Price/SqFt

$701

Avg. Days On Market

111

# of Sold Homes

385

1502 Mermaid Ave vs Brooklyn

191 DAYS ON ROCKET

+80 Days

$2,199,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #483877

Listing Office:

  • Office Name: Ben Bay Realty Co of Bay Ridge

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/22/2024, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$18,948$181,350
2019$18,947$186,750
2018$16,900$183,150
2017$16,568$176,850

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,659

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-874337
5
/10
  • P.S. 90 Edna Cohen School

  • 2840 W 12th St

  • 0.19 miles

  • Public Magnet Grades PK-5

school-card-donut-874338
7
/10
  • P.S. 100 Coney Island School

  • 2951 W 3rd St

  • 0.64 miles

  • Public District Grades KG-5

school-card-donut-874339
2
/10
  • P.S. 329 Surfside School

  • 2929 W 30th St

  • 0.69 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,543. The most common annual income of people living in Brooklyn, NY is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1502 Mermaid Ave

What is the listing price of this property?

The listing price of 1502 Mermaid Ave property is $2,199,000.

What type of property is this?

The property 1502 Mermaid Ave is land located in Brooklyn, New York, 11224.

Is this property for sale now?

Active Listing: 1502 Mermaid Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $18,948 (source: MLS/based on county public records data).
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Rocket HomesNew YorkKings CountyBrooklyn112241502 Mermaid Ave

This home is located at 1502 Mermaid Ave in Brooklyn, NY and zip code 11224 in the Coney Island neighborhood. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $2,199,000.

In November 2024 more than 28 listings in Brooklyn, NY were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 161 were sold below. The inventory of homes for sale in Brooklyn, NY between October 2024 and November 2024 decreased by 10.5%. The median list price of listings available in November 2024 was $979,913, while the average time on the real estate market was 111 days.

From Rocket Homes Real Estate and based on county public records data.

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