Detached Brick Home with Private
For Sale
$1,299,000
3829 Ocean View Avenue, Brooklyn, NY 11224
Residential, Duplex, Brooklyn, NY
Property Size2,808 SF
Lot Size0.09 Acres
Price / SF$462.61
Days on Market84
Property Features for 3829 Ocean View Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1
Interior features
Dryer, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Seagate
Standard status
Active
Size
2,808 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
7585
Building Details
Year built
1960
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Block
Roof type
Rubber
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Added: Jun 2
Changed: Aug 22
Last Checked: Aug 24 at 6:06PM
MLS# 501906
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.
Welcome to this fully detached all-brick single-family residence in the gated waterfront community of Sea Gate, Brooklyn. Built in 1960, the home features a first level with a recreation area, a full bathroom, two office rooms, and a large family room with a fireplace, along with direct access to an oversized private backyard. The main living level includes three bedrooms, a full bathroom, a sun-filled living room, a formal dining area, and a kitchen, with high ceilings and large windows throughout. A private balcony offers panoramic water and Manhattan skyline views.
Sea Gate is served by 24-hour private security and includes private beaches, parks, and recreational amenities. The property also includes private parking and direct private beach access within the community.
Zoned R3-1, this is a detached single-family waterfront home offering both indoor and outdoor living space, including a large backyard and a balcony with water and skyline views.
Sea Gate is served by 24-hour private security and includes private beaches, parks, and recreational amenities. The property also includes private parking and direct private beach access within the community.
Zoned R3-1, this is a detached single-family waterfront home offering both indoor and outdoor living space, including a large backyard and a balcony with water and skyline views.
Key Highlights
- Fully detached all‑brick single‑family home in Sea Gate, built in 1960, with block construction and a rubber roof
- Sea Gate gated waterfront community with 24‑hour private security and private beaches, parks, and recreational amenities
- Direct access to an oversized private backyard plus a private balcony with water and Manhattan skyline views
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
$85,725
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
6.60%
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%
$1,714,500
$1.7M
Cap Rate 7%
$1,224,643
$1.2M
Cap Rate 9%
$952,500
$952.5K
Market Conditions
NOI Build-Up for 2,808 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
$159.0K $56.64/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$155.9K $55.51/SF
− OpEx
−$70.1K −$24.98/SF
NOI
$85.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,714,500
Cap Rate 7%
$1,224,643
Cap Rate 9%
$952,500
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,725 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.33M
$2.03M – $2.71M
NOI $162,752 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Fully detached all-brick home in Sea Gate with private beach access, oversized backyard, and water and skyline views.
Where is this single family property located?
The property is located at 3829 Ocean View Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Fully detached all‑brick single‑family home in Sea Gate, built in 1960, with block construction and a rubber roof; Sea Gate gated waterfront community with 24‑hour private security and private beaches, parks, and recreational amenities; Direct access to an oversized private backyard plus a private balcony with water and Manhattan skyline views
