--- title: "1613 Mermaid Avenue, New York City, NY 11224" description: "1613 Mermaid Avenue, New York City, NY 11224 — Coney Island, New York City, NY. Listing Price $6,500,000. 45 bed, 16 bath, 15,986 sqft Illustrative Buyer Commission Share of $97,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11224/1613-mermaid-avenue-ny-11224" source: "Real Estate Rebate Team" status: "Active" --- # 1613 Mermaid Avenue, New York City, NY 11224 Coney Island, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $6,500,000 - **Beds**: 45 - **Baths**: 16 - **Sqft**: 15,986 - **Monthly Taxes**: $13,611 / mo - **Price per Sqft**: $407 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $6,500,000 - **Illustrative Buyer Commission Share**: -$97,500* - **Illustrative Net Cost**: $6,402,500 *Illustrative Buyer Savings of $97,500 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (9) ![1613 Mermaid Avenue, New York City, NY 11224 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/860ed80b-6869-4872-aa06-a72611a717da.jpg) ![1613 Mermaid Avenue, New York City, NY 11224 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/40c60dd7-8273-403a-9b88-f364a759d962.png) ![1613 Mermaid Avenue, New York City, NY 11224 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fbba0de1-e586-4f17-a049-d87ba1721078.jpg) ![1613 Mermaid Avenue, New York City, NY 11224 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/48f7b8eb-5e8e-436f-8e96-947eac19c3c4.jpg) ![1613 Mermaid Avenue, New York City, NY 11224 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9ecc189f-aeca-4d46-ad88-d52debb3c14e.jpg) ![1613 Mermaid Avenue, New York City, NY 11224 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/acf29419-2186-4104-953c-4fc2effd57e9.jpg) ![1613 Mermaid Avenue, New York City, NY 11224 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e5205cc0-d4d9-4c31-97a0-61faa406d002.jpg) ![1613 Mermaid Avenue, New York City, NY 11224 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c05850f8-a21e-413b-80db-a1154150ad20.jpg) ![1613 Mermaid Avenue, New York City, NY 11224 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c972f188-7162-40a2-a655-1282a1c1f68a.jpg) ## Property Overview 1613 Mermaid Avenue presents a rare opportunity to acquire a recently constructed mixed-use investment property in the heart of Coney Island. It is in the middle of the TREMENDOUS $1B investment into the Coney Island waterfront corridor. Located 1 block to Surf Avenue, 2 blocks to Nathan's hot dogs. This is a cash cow trophy property ready for its new owner. Built in 2020, the seven-story elevator building spans approximately 15,986 square feet and consists of 16 residential apartments, eight parking spaces, and a laundry facility. Ideally located between West 16th and West 17th Streets, the property sits just moments from the iconic Coney Island Boardwalk, beaches, and major transportation lines, positioning it within one of Brooklyn’s most recognizable and evolving waterfront neighborhoods. Current average rents are approximately $2,805 per apartment, with projected annual residential income of $538,500, PLUS additional revenue generated from parking and laundry operations. The building’s modern construction, efficient layouts, and strong tenant demand contribute to a compelling investment with long-term upside potential. A major highlight of the offering is the valuable 421A tax exemption, currently in year 8 of 15 and extending through June 30, 2034, creating strong cash-on-cash performance and long-term holding appeal in a rapidly developing submarket. Coney Island continues to experience ongoing public and private investment, blending its historic beachfront attractions with a growing year-round residential community. Residents enjoy immediate access to the beach, Luna Park, the New York Aquarium, Maimonides Park, and multiple retail conveniences, while the nearby Stillwell Avenue transportation hub provides direct subway access to Manhattan. 1613 Mermaid Avenue represents a turnkey Brooklyn multifamily asset combining modern construction, tax advantages, and stable income in one of New York City’s most iconic coastal neighborhoods. Email today for the Offering Memorandum! ## Property Details - **Property Type**: Mixed Use - **Beds**: 45 - **Baths**: 16 - **Rooms**: 40 - **Sqft**: 15,986 sqft - **Stories**: 7 - **Year Built**: 2020 - **Price per Sqft**: $407 - **Monthly Taxes**: $13,611 / mo - **Listed On**: May 21, 2026 - **Days on Market**: 114 Days ### Residence Features - Common On Floor - Laundry Room - See Remarks - Private Outdoor Space Over 60 Sqft ## Property Tax History Taxes at 1613 Mermaid Avenue were $16,495 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $1,313,100 | $186,300 | $1,126,800 | $1,313,100 | $16,495 | 12.5% (estimated) | | 2025 (FY 2025/26) | $1,242,450 | $186,300 | $1,056,150 | $1,242,450 | $16,495 | 12.5% (estimated) | | 2024 (FY 2024/25) | $1,369,350 | $186,300 | $1,183,050 | $1,369,350 | $16,495 | 12.5% | | 2023 (FY 2023/24) | $1,314,000 | $186,300 | $1,127,700 | $1,314,000 | $16,498 | 12.502% | | 2022 (FY 2022/23) | $1,275,750 | $186,300 | $1,089,450 | $1,275,750 | $16,188 | 12.267% | | 2021 (FY 2021/22) | $1,046,700 | $186,300 | $860,400 | $1,046,700 | $16,145 | 12.235% | | 2020 (FY 2020/21) | $955,800 | $186,300 | $769,500 | $955,800 | $16,188 | 12.267% | | 2019 (FY 2019/20) | $616,050 | $186,300 | $429,750 | $614,646 | $16,459 | 12.473% | | 2018 (FY 2018/19) | $377,230 | $186,300 | $190,930 | $368,446 | $16,643 | 12.612% | | 2017 (FY 2017/18) | $186,300 | $186,300 | $0 | $170,136 | $16,784 | 12.719% | | 2016 (FY 2016/17) | $186,300 | $186,300 | $0 | $159,476 | $16,863 | 10.574% | | 2015 (FY 2015/16) | $179,280 | $179,280 | $0 | $145,016 | $15,453 | 10.656% | | 2014 (FY 2014/15) | $149,400 | $149,400 | $0 | $131,960 | $14,099 | 10.684% | | 2013 (FY 2013/14) | $149,400 | $149,400 | $0 | $135,902 | $14,029 | 10.323% | | 2012 (FY 2012/13) | $160,650 | $160,650 | $0 | $122,712 | $12,625 | 10.288% | | 2011 (FY 2011/12) | $169,200 | $169,200 | $0 | $120,060 | $12,188 | 10.152% | | 2010 (FY 2010/11) | $169,110 | $169,110 | $0 | $90,855 | $9,369 | 10.312% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3070210049. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1613 Mermaid Avenue 1613 Mermaid Avenue, Brooklyn, NY 11224 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 2020 - **Total Units**: 1 - **Floors**: 7 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1613-mermaid-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11224/1613-mermaid-avenue-ny-11224) | 45 | 16 | 15,986 sqft | $407 | $6,500,000 | Compass | May 21, 2026 | 114 days | ## Estimated Monthly Payment **$46,479 / month**, assuming a 20% down payment ($1,300,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $32,868 - **Property Taxes**: $13,611 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Coney Island Overview of Coney Island [Explore Coney Island](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/coney-island) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Coney Island - [Sea Gate real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/sea-gate) - [Brighton Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brighton-beach) - [Gravesend real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gravesend) - [Bath Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bath-beach) - [Bensonhurst real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bensonhurst) - [Manhattan Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/manhattan-beach) ## Related Links - [1613 Mermaid Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1613-mermaid-avenue) - [Coney Island neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/coney-island) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.