Single-Family Home with Private
For Sale
$599,000
3618 Bay View Avenue, Brooklyn, NY 11224
Residential, Duplex, Brooklyn, NY
Property Size1,520 SF
Lot Size0.04 Acres
Price / SF$394.08
Days on Market393
Property Features for 3618 Bay View Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R6
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
Parking features
Carport
Interior features
Central Air
Basement
Crawl Space
Subdivision
Coney Island
Standard status
Active
Size
1,520 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5171
Building Details
Year built
1970
Architectural style
Other
Listing Agency:
BHHS Fillmore R.E.
(718) 377-6161
Listed By:
Ken Macbride
(718) 368-2500
Added: Aug 11, 2025
Changed: Sep 5
Last Checked: Sep 7 at 5:06PM
MLS# 494956
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale single-family home includes approximately 1,520 square feet of living space and offers 4 bedrooms. The property features a one-car carport and a private backyard for outdoor use. External viewing only is available at this time.
Located at 3618 Bay View Avenue in Brooklyn, NY 11224, the home sits in a residential R6 zoning designation.
The layout is well-suited to households needing multiple bedrooms, with on-site parking support provided by the carport and outdoor space provided by the private backyard.
Located at 3618 Bay View Avenue in Brooklyn, NY 11224, the home sits in a residential R6 zoning designation.
The layout is well-suited to households needing multiple bedrooms, with on-site parking support provided by the carport and outdoor space provided by the private backyard.
Key Highlights
- Approximately 1,520 SF single‑family home with 4 bedrooms and 2 bathrooms
- Central air included
- One‑car carport for off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,233
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,064,660
$1.1M
Cap Rate 7%
$760,471
$760.5K
Cap Rate 9%
$591,478
$591.5K
Market Conditions
NOI Build-Up for 1,520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.5K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$76.0K $50.03/SF
− OpEx
−$22.8K −$15.01/SF
NOI
$53.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,064,660
Cap Rate 7%
$760,471
Cap Rate 9%
$591,478
Alternative Uses
Best Use
Multifamily LT 5
$760.5K
$665.4K – $887.2K
NOI $53,233 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$662.9K
$580.1K – $773.4K
NOI $46,404 @ 7.0% cap · market cap 7.75%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,099 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Spacious 4-bedroom single-family home with a one-car carport and private backyard, offered with external viewing only.
Where is this duplex located?
The property is located at 3618 Bay View Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 1,520 SF single‑family home with 4 bedrooms and 2 bathrooms; Central air included; One‑car carport for off‑street parking
