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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Investment properties
2801 Mermaid Ave 7 Brooklyn, NY 11224-2047
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US63-0112907
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1927
Total area
6,200 SF
Lot
0.05 ac (2,000 SF)
Zoning code
R7A
APN
07011-0043
UPID
US63-0112907
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hair Spectations Salon Hair Salon Nail Salon
-
Crown Fried Chicken Restaurant
-
All Emergency Plumbing and Heating General Contractor
-
Kaseem barber Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$725k
Owner & transaction history
Iouri Sinkevitch · 22 yrs held
Iouri Sinkevitch
since 2004
7 recorded transactions
Zoning & alternative use
R7A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$117 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,209
Tax year 2024
Assessed value
$258,300
Assessed 2024
Previous assessed
$243,450
+6.1% YoY
Effective rate
10.15%
On assessed value
Assessed land
$9,450
Assessed improvement
$248,850
Land market value
$21,000
Improvement market value
$553,000
Total market value
$574,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1927
Heating
NONE
Buildings
1
Stories
4
Units
8
Total area
6,200 SF
Lot
0.05 ac (2,000 SF)
Zoning code
R7A
APN
07011-0043
UPID
US63-0112907
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Brooklyn, NY
Zoning R7A · permitted uses
R7A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1927
Heating
NONE
Stories
4
Buildings
1
Units
8
Lot
0.05 ac
Current owner
From public records · entity-resolved
Iouri Sinkevitch
Individual
Mailing address
412 OCEAN VW AVE APT 5C, BROOKLYN, NY 11235-7076
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2019
—
Iouri Sinkevitch
—
Deed
related
$2,425,000 · Greystone Svcng Corp
Jan 20, 2004
$460,000
Iouri Sinkevitch
2801 Mermaid Ltd
Grant Deed
$150,000 · Sohaila Anwar
—
—
Iouri Sinkevitch
—
Deed Of Trust
related
$1,169,298 · Greystone Svcg
—
—
Iouri Sinkevitch
—
Loan Modification
related
$2,425,000 · Greystone Svcng Corp
—
—
Sinkevitch,iouri
—
Deed Of Trust
related
$900,000 · Ridgewood Savings Bank
—
—
Iouri Sinkevitch
—
Deed Of Trust
related
$314,336 · Ridgewood Savings Bank
—
—
Sinkevitch,iouri
—
Deed Of Trust
related
$532,746 · Ridgewood Svgs Bk
—
—
Sinkevitch,iouri
—
Loan Modification, Consolidation And Extension
related
$1,400,000 · Ridgewood Svgs Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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