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Financial
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Property profile

1610 mermaid ave Brooklyn, NY 11224

FOR LEASE
Retail residential properties
Property ID
US63-0849255
6,800 SF 0.05 ac lot Built 1930
Last sale Mar 2024 · $721,175
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 800-square-foot creative office space is located at 1610 Mermaid Avenue in the vibrant 11224 area of Brooklyn. Part of a larger building with a total of 6800 square feet, this unit offers a unique opportunity for businesses seeking a stylish and functional workspace. Built in 1930, the building boasts four stories and a rich history, offering character and charm rarely found in modern constructions. The space is currently vacant and immediately available, perfect for a quick…

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?
$26k
Tax billed · 2024
Assessed value$334k
Assessed land$9k
Assessed improvement$325k
Effective rate7.87%

Value estimate

· Oct 2026
$720k
$648k – $792k
AI approach$720k
Submarket $/SF estimate$677k

Realmo valuation models over county records and 5 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 comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R7A
This district is designed to supports medium to high density housing, particularly in areas well served by public transportation and comm...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency70.3
Law Firm70.1
Hair Salon27.0

Location

1610 mermaid ave Brooklyn, NY 11224
County assessor Recorded deeds · 3 transfers 5 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1720 Mermaid, Brooklyn, NY 11224-2748 $762,385 Oct 2024 6,560 SF
3052 21st, Brooklyn, NY 11224-2103 $26,000,000 Oct 2023 56,272 SF
2930 30th, Brooklyn, NY 11224-1720 $61,400,000 Jun 2023 386,700 SF
2966 28th, Brooklyn, NY 11224 $60,100,000 Jun 2023 453,758 SF
2911 36th, Brooklyn, NY 11224-1411 $1,696,842 May 2021 229,865 SF
1528 Mermaid, Brooklyn, NY 11224-2768 $1,200,000 Dec 2018 6,880 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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