Two-Family Duplex
For Sale
$896,600
3728 Lyme Ave, Brooklyn, NY 11224
Residential duplex with three bedrooms, two full bathrooms, and a layout spanning two family living spaces.
Property Size1,960 SF
Lot Size0.04 Acres
Price / SF$457.45
Days on Market62
Property Features for 3728 Lyme Ave
General Information
Standard status
Active
Size
1,960 SF
Lot size
0.04 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
REALHome Services & Solutions
Listed By:
Christopher A. Rose · License #10311208824
(855) 882-1314
Source:
Goatrealtyus
Added: Aug 15
Changed: Oct 6
Last Checked: Oct 7 at 3:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALHome Services & Solutions
Investment Insights
Based on property information with market context.
This two-family duplex residence offers approximately 1,960 square feet of living space with six total rooms, including three bedrooms and two full bathrooms. Constructed in 1925, the property sits on an approximately 1,925-square-foot lot and provides exterior space in a residential setting. The home is described as being in average maintained condition, with a functional interior arrangement for its duplex configuration.
The property is located in Brooklyn, NY, within a residential area described as having access to parks, transportation routes, and local services. Multiple open violations are associated with the property and should be considered during evaluation.
The property is located in Brooklyn, NY, within a residential area described as having access to parks, transportation routes, and local services. Multiple open violations are associated with the property and should be considered during evaluation.
Key Highlights
- Two‑family duplex residence with approximately 1,960 square feet of living space
- Six total rooms, including 3 bedrooms and 2 full bathrooms
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,643
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,372,860
$1.4M
Cap Rate 7%
$980,614
$980.6K
Cap Rate 9%
$762,700
$762.7K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$100.0K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$98.1K $50.03/SF
− OpEx
−$29.4K −$15.01/SF
NOI
$68.6K $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%
$1,372,860
Cap Rate 7%
$980,614
Cap Rate 9%
$762,700
Alternative Uses
Best Use
Multifamily LT 5
$980.6K
$858.0K – $1.14M
NOI $68,643 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$854.8K
$748.0K – $997.3K
NOI $59,837 @ 7.0% cap · market cap 6.67%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,602 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
510
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with three bedrooms, two full bathrooms, and a layout spanning two family living spaces.
Where is this duplex located?
The property is located at 3728 Lyme Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $896,600.
What are key features of this property?
This property features: Two‑family duplex residence with approximately 1,960 square feet of living space; Six total rooms, including 3 bedrooms and 2 full bathrooms; Built in 1925
