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    3748 Lyme Ave Brooklyn, NY 11224

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    For Sale
    $988,888

    Income-producing property in Brooklyn's premier gated beachfront community.

    Lot size:
    0.08 Acres

    Property Features for 3748 Lyme Ave

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1925

    Source: Douglas Elliman Real Estate Agent Jason Konner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seagate Income-Producing Property

    Located in Seagate, Brooklyn, this fully detached, income-producing property presents an investment opportunity with a $7,000 monthly rent roll. All units are currently rented. The property is situated in a gated beachfront community, offering 24-hour security, tranquility, safety, and privacy. It is located near the beach, houses of worship, schools, shopping, and public transportation. This turn-key investment is located in one of Brooklyn's hidden gems.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.005135
    Latitude
    40.577168

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    FAQs

    What type of property is this?
    Multifamily property - Income-producing property in Brooklyn's premier gated beachfront community.
    Where is this multifamily property located?
    The property is located at 3748 Lyme Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $988,888.
    What are key features of this property?
    This property features: - $7,000 monthly rental income; - Fully detached property in gated beachfront community; - All units currently rented
    (718) 840-2100
    Request Owner's contact information
    3748 Lyme Ave Brooklyn, NY 11224
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    Brooklyn, NY 11224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3748 Lyme Ave Brooklyn, NY 11224
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