Property profile

1906 Mermaid Ave Brooklyn, NY 11224

OFF-MARKET
Office buildings
Property ID
US63-0804994
4,403 SF 0.05 ac lot Built 2004
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 500-square-foot office space within an elevator-served building. It includes central HVAC and is located in an area characterized by high pedestrian and/or vehicular traffic. The building is situated approximately one block from four subway lines.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2004
Total area 4,403 SF
Lot 0.05 ac (2,000 SF)
Zoning code R7A
APN 07060-0010
UPID US63-0804994

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician
  • Insurance Agency

Location

1906 Mermaid Ave Brooklyn, NY 11224-2508
Brooklyn metro Census 32600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.53M
CAP Approach CAP
$1.81M
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$1.53M

Owner & transaction history

since 2024
Last sale
$1.5M
2 recorded transactions
2024
$1.5M
2018
Price N/A

Zoning & alternative use

R7A · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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