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    2711 Mermaid Ave Brooklyn, NY 11224

    • Retail properties
    • 5,000 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Mg Bargain / Discount Store / Furniture Store

    Property Details for 2711 Mermaid Ave

    Property size
    5,000 SF
    Property type
    Retail properties

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9937
    Latitude
    40.5758

    Comparable in this City

    • Value Estimation by Request
      44,110 SF

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      6,000 SF

      1045 Surf Ave

      Restaurants • 6,000 SF
      1045 Surf Ave, Brooklyn, NY 11224
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    • Value Estimation by Request
      6,000 SF

      1045 Surf Ave

      Restaurants • 6,000 SF
      1045 Surf Ave, Brooklyn, NY 11224
      View Details
    • Value Estimation by Request
      6,800 SF

      2803 Mermaid Ave

      Multifamily properties • 6,800 SF
      2803 Mermaid Ave, Brooklyn, NY 11224
      View Details
    • Value Estimation by Request

      626 Sheepshead Bay Rd

      Individual retail properties
      626 Sheepshead Bay Rd, Brooklyn, NY 11224
      View Details
    • Value Estimation by Request
      40,000 SF

      532 Neptune Ave

      Office Properties & Spaces • 40,000 SF
      532 Neptune Ave, Brooklyn, NY 11224
      View Details

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      Brooklyn Mixed-Use Building For Sale

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    Similar Nearby for Lease

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      44,110 SF

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    2711 Mermaid Ave
    Brooklyn, NY 11224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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