NOT LISTED FOR SALE

3002-3028 Mermaid Ave Brooklyn, NY 11224

Coney Island Neighborhood

Estimated Value: $18,102,714

-- Bed
-- Bath
23,700 Sq Ft
$764/Sq Ft Est. Value

About This Home

This home is located at 3002-3028 Mermaid Ave, Brooklyn, NY 11224 and is currently estimated at $18,102,714, approximately $763 per square foot. 3002-3028 Mermaid Ave is a home located in Kings County with nearby schools including P.S. 329 Surfside and Is 281 Joseph B Cavallaro.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2014
Sold by
3002 Mermaid Realty Associates Llc
Bought by
Allied Ix Llc
Current Estimated Value
$18,102,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,978,106
Outstanding Balance
$3,825,637
Interest Rate
3.93%
Mortgage Type
Commercial
Estimated Equity
$14,083,861

Purchase Details

Closed on
Nov 23, 2005
Sold by
Ocean House Commercial Llc
Bought by
3002 Mermaid Realty Associates Llc

Purchase Details

Closed on
Sep 20, 2004
Sold by
Sea Park West Houses Inc and Esdc %
Bought by
Ocean House Commercial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.81%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Allied Ix Llc $12,000,000 --
3002 Mermaid Realty Associates Llc $2,000,000 --
Ocean House Commercial Llc $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allied Ix Llc $1,613,670
Open Allied Ix Llc $4,978,106
Previous Owner 3002 Mermaid Realty Associates Llc $4,500,000
Previous Owner Ocean House Commercial Llc $50,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $42,629 $2,599,200 $324,000 $2,275,200
2024 $42,629 $2,551,050 $324,000 $2,227,050
2023 $44,621 $2,508,750 $324,000 $2,184,750
2022 $34,846 $2,068,650 $324,000 $1,744,650
2021 $34,649 $1,949,850 $324,000 $1,625,850
2020 $27,750 $2,329,650 $324,000 $2,005,650
2019 $49,679 $2,329,650 $324,000 $2,005,650
2018 $49,679 $2,127,150 $324,000 $1,803,150
2017 $49,679 $2,137,950 $324,000 $1,813,950
2016 $49,962 $1,914,300 $324,000 $1,590,300
2015 $23,527 $1,786,500 $324,000 $1,462,500
2014 $23,527 $2,021,850 $324,000 $1,697,850
Source: Public Records

Map

New York Kings County Brooklyn 11224 Coney Island

3002-3028 Mermaid Ave, Brooklyn, NY

This home is located at 3002-3028 Mermaid Ave, Brooklyn, NY 11224 and is currently estimated at $18,102,714, approximately $763 per square foot. 3002-3028 Mermaid Ave is a home located in Kings County with nearby schools including P.S. 329 Surfside and Is 281 Joseph B Cavallaro.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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