Realmo Analytics

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Financial
Distress signals
Property profile

2114 Mermaid Ave Brooklyn, NY 11224

FOR SALE
Investment properties
Property ID
US63-0089212
3,135 SF 0.04 ac lot Built 1930
Last sale Dec 2018 · $875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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2114 Mermaid Ave, Brooklyn, NY 11224 For Sale
$1,288,000 3,135 SF
2114 Mermaid Ave, Brooklyn, NY 11224
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$231k
Assessed land$52k
Assessed improvement$179k
Effective rate4.54%

Value estimate

· Oct 2026
$400k
$360k – $440k
Submarket $/SF estimate$1.05M
NOI build-up
Gross scheduled income$167k
Vacancy & credit loss−$20k
Operating expenses−$44k
NOI · 8.00% cap applied$103k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$236/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$116 – $338
Qualifying comparables23

Cap rate analysis

How does the asset earn?
8.00%
$103k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R6
This district focuses on medium density housing in areas with higher accessibility to transportation and community services, allowing for...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm67.3
Realty agency59.1
Dental Office32.5

Location

2114 Mermaid Ave Brooklyn, NY 11224
County assessor Recorded deeds · 10 transfers 23 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1514 Mermaid, Brooklyn, NY 11224 $1,225,000 Aug 2025 3,000 SF
2806 Mermaid, Brooklyn, NY 11224-1963 $980,000 May 2024 3,306 SF
2027 Mermaid, Brooklyn, NY 11224-2582 $710,000 Dec 2023 3,300 SF
2124 Mermaid, Brooklyn, NY 11224-2566 $980,000 Mar 2023 3,300 SF
2126 Mermaid, Brooklyn, NY 11224-2416 $1,065,000 Aug 2022 3,300 SF
2423 Mermaid, Brooklyn, NY 11224-2374 $825,000 Dec 2019 3,218 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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