3819 Cypress Avenue Brooklyn, NY 11224
MULTI_FAMILY - Brooklyn, NY
- Added:
- Apr 7, 2026
- Days on Market:
- 97
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 3819 Cypress Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 7, Bathroom 3, Bedroom 3
- Patio and Porch features
- Deck
- Interior features
- Deck, Refrigerator, Stove
- Basement
- Full
- Standard status
- Active
- Size
- 2,293 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9645
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Block
Listing agent Leonid Sklyar License #SKL439 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Apr 7, 2026
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.
Set on Cypress Avenue in Brooklyn (11224), the home is positioned “just moments” from a private beach, per the listing remarks. The Seagate HOA is referenced as $6,431 for 2026, which may be relevant for buyers evaluating ongoing community expenses.
For investors or owner-occupants seeking a multi-unit asset, the current setup provides immediate rental occupancy in two units while leaving the top-floor two-bedroom apartment available. With the property already configured as a three-family home and the third unit vacant, buyers and operators can plan for either continued short-term rental use or a different occupancy strategy, subject to applicable community and regulatory requirements.
Key Highlights
- Fully detached three‑family residence in the gated community of Seagate
- 2 apartments currently occupied with short‑term tenants; top‑floor 2‑bedroom apartment is vacant
- Year built 1930 with block construction and hardwood flooring
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.9k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $114.7k | $50.03 |
| − OpEx | −$34.4k | −$15.01 |
| NOI | $80.3k | $35.02 |
