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Brooklyn / Coney Island-Sea Gate / 11224

1912 MERMAID AVENUE

Recorded on the Digital Tax Map as CONDY ISLAND 1 CONDOMINIUM.

Boro3
Block7060
Lot7501
BBL3070607501
Class RM
Residential units
445
Units in total
451
Storeys
16
Year built
2019
Last alteration on file
-
Recorded transfers
None
01

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.

02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 89,312 SQ FT16
Drawn from PLUTO: 16 storeys, 393,910 sq ft of building on 89,312 sq ft of lot, an average floor plate covering 28% of it. The dashed outline is the difference between the floor area ratio already built (4.41) 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
89,312 sq ft
Building area
393,910 sq ft
Residential area
310,676 sq ft
Commercial area
83,234 sq ft
Office area
65,648 sq ft
Retail area
17,586 sq ft
Buildings on the lot
1
Built floor area ratio
4.41
Residential FAR permitted
5
Zoning district
R7X
03

Assessment

Assessed land value
$2,813,401
Assessed total value
$41,705,101
Exempt value
$28,430,927
Assessed per residential unit
$93,719

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.

04

Classification and location

Building class
RM
Neighbourhood
Coney Island-Sea Gate
ZIP code
11224
Community district
Brooklyn 13
Council district
47
Coordinates
40.575734, -73.986242

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Coney Island-Sea Gate

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
2885 WEST 12 STREETD41,57819600-
501 SURF AVENUERM7351964580$590k
2928 WEST 5 STREETD45721964438$371k
2940 WEST 5 STREETD45721964434$350k
440 NEPTUNE AVENUED45721964308$430k
460 NEPTUNE AVENUED45721964300$400k
2915 WEST 5 STREETD45281964260$378k
486 NEPTUNE AVENUERM49919640-
2940 OCEAN PARKWAYD744119641-
3000 OCEAN PARKWAYD344119641-
1 OCEAN DRIVERM42520180-
1709 SURF AVENUED642020250-

Every building on file in Coney Island-Sea Gate