For sale

$1,150,000

2325 Mermaid Ave, Brooklyn, NY 11224

--beds

3,246sqft

Mixed Use

Built in 1930

1,967 Square Feet Lot

$-- Zestimate^®

$354/sqft

$-- HOA

What's special

Great opportunity to own Mixed-use building in the Up-and-Coming Neighborhood in Brooklyn Coney Island. All apartments will be delivered vacant at closing. Building consists of one store plus four- families, all apartments need TLC. Great opportunity to renovate your luxury apartments. Select your own tenants, set up your ideal way for heating and hot water systems. Very Low Property Tax $6,916 yearly. Short distance to Coney Island Beach, Amusement Park famous Luna Park and much more...

648 days

140

3

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 4
1/2 bathrooms: 4

Heating

Natural Gas, Hot Water

Appliances

Included: Gas Water Heater

Features

Flooring: Linoleum, Tile
Basement: None

Interior area

Total structure area: 3,246
Total interior livable area: 3,246 sqft

Property

Parking

Parking features: Street, Other
Has uncovered spaces: Yes

Features

Stories: 3

Lot

Size: 1,967 Square Feet
Dimensions: 19x80
Features: Back Yard

Details

Foundation area: 1100
Parcel number: 070150049
Zoning: R6, C1-2
Special conditions: Arm's Length

Construction

Type & style

Home type: SingleFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Materials

Brick
Foundation: Other
Roof: Other

Condition

Year built: 1930

Utilities & green energy

Electric: 220 Volts

Community & HOA

Community

Subdivision: Brooklyn

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $354/sqft
Tax assessed value: $360,000
Annual tax amount: $6,916
Date on market: 10/10/2024
Cumulative days on market: 1435 days

Estimated market value

Not available

Estimated sales range

Not available

$3,709/mo

Price history

Date	Event	Price
10/10/2024	Listed for sale	$1,150,000-4.2%$354/sqft
Source: BNYMLS #486671 Report a problem
6/19/2024	Listing removed	$1,200,000$370/sqft
Source: BNYMLS #471035 Report a problem
12/1/2023	Listed for sale	$1,200,000$370/sqft
Source: BNYMLS #471035 Report a problem
11/10/2023	Listing removed	--
Source: StreetEasy Report a problem
12/28/2022	Listed for sale	$1,200,000$370/sqft
Source: StreetEasy Report a problem
12/22/2022	Listing removed	--
Source: BNYMLS #464511 Report a problem
9/30/2022	Price change	$1,200,000-7%$370/sqft
Source: BNYMLS #464511 Report a problem
7/25/2022	Listed for sale	$1,290,000$397/sqft
Source: BNYMLS #464511 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,432 +7.5%	$162,000 +20%
2024	$6,916	$135,000 -17.1%
2023	--	$162,900 -19.9%
2022	--	$203,400 -15%
2021	--	$239,400 -8.9%
2020	$5,732 +8%	$262,800 +4.7%
2019	$5,308	$251,100 +537.3%
2018	--	$39,403 +8%
2017	$4,641 -1.3%	$36,487
2016	$4,701	$36,487 +3.2%
2015	$4,701 +66.2%	$35,352 +8%
2014	$2,828	$32,734

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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