Brooklyn / Coney Island-Sea Gate / 11224

1420 MERMAID AVENUE

Boro3

Block7064

Lot45

BBL3070640045

Class C7

Residential units

Units in total

Storeys

Year built

1921

Last alteration on file

2016

Recorded transfers

None

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

The building on the lot

Section through the lot

Drawn from PLUTO: 4 storeys, 26,637 sq ft of building on 8,300 sq ft of lot, an average floor plate covering 80% of it. PLUTO records 3 buildings on this lot, so the mass drawn is their combined floor area. The dashed outline is the difference between the floor area ratio already built (3.21) and the residential floor area ratio of the zoning district (5). It is a diagram of recorded figures, not a picture of the building.

Lot area

8,300 sq ft

Building area

26,637 sq ft

Residential area

23,166 sq ft

Commercial area

3,471 sq ft

Office area

Retail area

3,471 sq ft

Buildings on the lot

Built floor area ratio

3.21

Residential FAR permitted

Zoning district

R7X

Assessment

Assessed land value

$84,600

Assessed total value

$1,072,800

Exempt value

Assessed per residential unit

$51,086

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

Classification and location

Building class

C7WALK-UP APT. OVER SIX FAMILIES WITH STORES

Neighbourhood

Coney Island-Sea Gate

ZIP code

11224

Community district

Brooklyn 13

Council district

Coordinates

40.576666, -73.982339

Other buildings in Coney Island-Sea Gate

Address	Class	Res. units	Built	Transfers	Median apartment, 5 yr
2885 WEST 12 STREET	D4	1,578	1960	0	-
501 SURF AVENUE	RM	735	1964	580	$590k
2928 WEST 5 STREET	D4	572	1964	438	$371k
2940 WEST 5 STREET	D4	572	1964	434	$350k
440 NEPTUNE AVENUE	D4	572	1964	308	$430k
460 NEPTUNE AVENUE	D4	572	1964	300	$400k
2915 WEST 5 STREET	D4	528	1964	260	$378k
486 NEPTUNE AVENUE	RM	499	1964	0	-
1912 MERMAID AVENUE	RM	445	2019	0	-
2940 OCEAN PARKWAY	D7	441	1964	1	-
3000 OCEAN PARKWAY	D3	441	1964	1	-
1 OCEAN DRIVE	RM	425	2018	0	-

Every building on file in Coney Island-Sea Gate