# 1517 Mermaid Avenue, Brooklyn

Vacant land · Block 7022, Lot 49.

On Umarelli: https://umarelli.org/nyc/3070220049/1517-mermaid-avenue

More construction in Coney Island: https://umarelli.org/nyc/brooklyn/coney-island.md

## Building permits

- New Building — Multi-Family, filed Oct 28, 2024, estimated cost $17.0M, 48 units, 8 stories, described as “New building 9 story mixed use”
- Alteration, filed Sep 3, 2024, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
- Alteration, filed Sep 3, 2024, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
- Demolition, filed Aug 5, 2024, estimated cost $70K, described as “Full demolition to a one story building”
- Demolition, filed Aug 5, 2024, estimated cost $70K, described as “Full demolition to a one story building”

## Property taxes

- Assessment: $173,250
- 2026–27 tax: $13,874
- Market value (city estimate): $385,000
- Taxable value: $127,890
- Assessed land: $173,250

## Zoning

R6: floor area ratio 0.00 built, 2.43 allowed by base zoning.

## Recent sales

- Jun 8, 2023: $3,000,000, sold with other lots

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29).

## Board and land use applications

- Coney Island Business Improvement District (City Planning 2026K0149): Business improvement district, Completed, filed Aug 25, 2025. An application by NYC Small Business Services (SBS) for the proposed establishment of Coney Island Business Improvement District along Surf Avenue generally bound by West 5th Street to West 23rd Street, Mermaid Avenue generally bound by…
- ASTELLA DCC (City Planning P1993K0024): Completed, decided May 3, 1994. ACQUISITION OF 2ND FLOOR OF PROPOSED NEW CONSTRUCTION PROJ\*FOR USE OF A DAY CARE CENTER FOR APPROX 75 CHILDREN; Additional Other #(s): 93HRA001K
- 9TH AMENDED CONEY ISLAND I URP (City Planning P1993K0071): Completed, decided Apr 18, 1994. 9TH AMENDMENT TO ADD SITE 68 FOR USE AS A DAY CARE CENTER TO\*BE PARTIALLY RENTED BY HRA & TO EXPAND PROVISIONS FOR MERGER\*&/OR SUBDIV OF DEVELOPMENT SITE
- ASTELLA DEV. (City Planning P1994K0037): Completed, decided Apr 18, 1994. LDA OF SITE 68 & P/O 67 FOR COMMERCIAL USE AND A DCC
- 1515-1517 MERMAID AVE, 3036 W23RD, 3017 W24TH STS (City Planning P1986K0861): Completed, decided Oct 23, 1986. DISPOSITION OF CITY-OWNED PROPERTY, 3 PARCELS

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology