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Sold for $1,160,000
  • $1,160,000

    3743 Mermaid Ave, Brooklyn, NY 11224

    7beds
    3,930sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $1,331,300 Zestimate®
    $295/sqft
    $3,403 Estimated rent

    Home value

    $1,331,300

    $1.18M - $1.49M

    $3,403/mo

    Zestimate® history
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    $3,403/mo

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    $6,846/mo

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    What's special

    Privet beachNew sprinklers systemLarge deck
    Large, Fully Detached, Bright and Sunny!!! The Entire Property has been recently renovated (Roof, Plumbing, Electric and more...) All Utilities Separated for each tenant!!!! (four hot/water tanks and four heating systems) New Sprinklers system. Conveniently located just few minutes from the Gate and the Beach. Four units with Finished Basement and a Drive Way. Owners Unit: 1st Floor 3 bedrooms and 1.5 Baths with deck and backyard (delivered vacant) Rental Units: 2nd Floor 2 bedrooms with Large Deck and Washer/Dryer, currently occupied 3rd Floor, 1 bedrooms and Studio, currently occupied. Finished basement. Low Taxes. Current Gross Monthly Income $5,825 Potential Monthly Income $7,700 Beautiful Privet Community with Parks and Privet Beach.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    • Full bathrooms: 4
    • 1/2 bathrooms: 2
    Appliances
    • Included: Dishwasher, Dryer, Washer
    Interior area
    • Total interior livable area: 3,930 sqft

    Property

    Lot
    • Size: 4,000 Square Feet
    Details
    • Parcel number: 070290080

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1920

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $295/sqft
    • Tax assessed value: $1,126,000
    • Annual tax amount: $7,034

    Price history

    DateEventPrice
    8/8/2023Sold$1,160,000-7%$295/sqft
    Source: Public Record Report a problem
    12/8/2022Pending sale$1,247,000$317/sqft
    Source: StreetEasy Report a problem
    7/29/2022Price change$1,247,000-0.2%$317/sqft
    Source: StreetEasy Report a problem
    4/20/2022Price change$1,250,000-1.6%$318/sqft
    Source: StreetEasy Report a problem
    3/16/2022Listed for sale$1,270,000+218.3%$323/sqft
    Source: StreetEasy Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    9/10/2008Sold$399,000-32.9%$102/sqft
    Source: Public Record Report a problem
    5/12/2008Price change$595,000-0.8%$151/sqft
    Source: Owner Report a problem
    5/8/2008Listed for sale$600,000+308.2%$153/sqft
    Source: Owner Report a problem
    4/16/1998Sold$147,000$37/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,034 +4.7%$67,560 +10.1%
    2024$6,716 $61,380 -18.5%
    2023-- $75,300 -8.7%
    2022-- $82,500 +8%
    2021-- $76,380 +18.5%
    2020$6,253 +6%$64,440
    2019$5,899 +1.2%$64,440 +131.2%
    2018$5,830 +3.4%$27,867 +0.8%
    2017$5,638 +10.5%$27,657 +6%
    2016$5,102 $26,092 +6%
    2015$5,102 +62.1%$24,616 +6%
    2014$3,147 $23,223
    2013-- $23,223 +0.8%
    2012-- $23,048 +6%
    2011-- $21,744 +6%
    2010-- $20,514 +6%
    2009-- $19,353
    2008-- $19,353 +0.8%
    2007-- $19,207 +6%
    2006-- $18,120 +6%
    2005-- $17,095 +6%
    2004-- $16,128
    2003-- $16,128 +0.8%
    2002-- $16,006 +6%
    2001-- $15,100 +6%
    2000-- $14,246
    Find assessor info on the county website

    Neighborhood: Seagate

    Nearby schools

    GreatSchools rating