Duplex Property with Outdoor
New
For Sale
$999,000
3809 Highland Avenue, Brooklyn, NY 11224
Residential, Duplex, Brooklyn, NY
Property Size2,700 SF
Lot Size0.05 Acres
Price / SF$370
Days on Market2
Property Features for 3809 Highland Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
6
Full bathrooms
2
Half bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 6, Bedroom 4, Bathroom 4
Parking features
Carport
Interior features
Dishwasher, Laundry Area, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Seagate
Standard status
Active
Size
2,700 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7929
Amenities
private balcony
ocean views
outdoor space
finished basement
Building Details
Year built
2004
Flooring type
Hardwood
Architectural style
Other
Listing Agency:
Revived Residential
(929) 379-3750
Listed By:
Louis Belisario
(347) 702-3316
Added: Sep 8
Last Checked: Sep 9 at 8:06PM
MLS# 504353
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.
This 2,700-square-foot duplex property, built in 2004, offers four bedrooms, three full bathrooms, and three half bathrooms across multiple levels. The interior includes a large living room, formal dining room, hardwood flooring, a private balcony, and a full-floor primary suite with ocean views. A finished basement provides several additional rooms currently used as home offices, while the kitchen includes a dishwasher, refrigerator, and stove. Laundry space and a carport are also provided.
The property occupies a 0.0496-acre lot at 3809 Highland Avenue in Brooklyn’s Sea Gate community. Outdoor areas support additional residential use, and the property is located minutes from the beach entrance. R3-1 zoning applies to the site.
The property occupies a 0.0496-acre lot at 3809 Highland Avenue in Brooklyn’s Sea Gate community. Outdoor areas support additional residential use, and the property is located minutes from the beach entrance. R3-1 zoning applies to the site.
Key Highlights
- 2,700 square feet on a 0.0496‑acre lot
- Four bedrooms, three full bathrooms, and three half bathrooms
- Full‑floor primary suite with ocean views and private balcony
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
$82,428
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
8.25%
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%
$1,648,560
$1.6M
Cap Rate 7%
$1,177,543
$1.2M
Cap Rate 9%
$915,867
$915.9K
Market Conditions
NOI Build-Up for 2,700 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
$152.9K $56.64/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$149.9K $55.51/SF
− OpEx
−$67.4K −$24.98/SF
NOI
$82.4K $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%
$1,648,560
Cap Rate 7%
$1,177,543
Cap Rate 9%
$915,867
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,559 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,428 @ 7.0% cap · market cap 8.25%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 15.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
363
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
Check the figures for this property
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 - Multi-level duplex property with four bedrooms, flexible finished rooms, and access to private outdoor areas.
Where is this duplex located?
The property is located at 3809 Highland Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,700 square feet on a 0.0496‑acre lot; Four bedrooms, three full bathrooms, and three half bathrooms; Full‑floor primary suite with ocean views and private balcony
