Triplex with
For Sale
$925,000
3819 Cypress Avenue, Brooklyn, NY 11224
Residential, Brooklyn, NY
Property Size2,293 SF
Lot Size0.07 Acres
Price / SF$403.40
Days on Market20
Property Features for 3819 Cypress Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Carport
Patio and Porch features
Deck
Interior features
A/C Unit, Deck
Basement
Full
Subdivision
Seagate
Standard status
Active
Size
2,293 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
9601
Building Details
Number of units
3
Flooring type
Hardwood
Building materials
Block
Listing Agency:
Re/Max Real Estate Professiona
Listed By:
Benson Huang
(718) 872-5522
Added: Sep 29
Changed: Oct 14
Last Checked: Oct 18 at 1:06PM
MLS# 504946
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.
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Investment Insights
Based on property information with market context.
This detached triplex contains 2,293 square feet across three apartments. Two units are occupied by short-term tenants; the top-floor apartment has two bedrooms and is vacant. Interior features include hardwood flooring and an A/C unit, with a deck and carport among the property’s exterior features. The structure is built of block and sits on a 0.0689-acre lot.
The property is within a gated community in Brooklyn, with a private beach nearby. Zoning is R3-1.
The property is within a gated community in Brooklyn, with a private beach nearby. Zoning is R3-1.
Key Highlights
- Three apartments in a detached building totaling 2,293 square feet
- Two units occupied by short‑term tenants
- Vacant top‑floor apartment has two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,305
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,100
$1.6M
Cap Rate 7%
$1,147,214
$1.1M
Cap Rate 9%
$892,278
$892.3K
Market Conditions
NOI Build-Up for 2,293 SF
Gross rent
$116.9K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.7K $50.03/SF
− OpEx
−$34.4K −$15.01/SF
NOI
$80.3K $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 Rate 5%
$1,606,100
Cap Rate 7%
$1,147,214
Cap Rate 9%
$892,278
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,305 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$1.00M
$875.0K – $1.17M
NOI $70,003 @ 7.0% cap · market cap 7.57%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $132,902 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
515
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments have short-term tenants, while the top-floor two-bedroom unit is vacant.
Where is this triplex located?
The property is located at 3819 Cypress Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three apartments in a detached building totaling 2,293 square feet; Two units occupied by short‑term tenants; Vacant top‑floor apartment has two bedrooms
