Detached 3-Unit
For Sale
$899,000
3819 Cypress Avenue, Brooklyn, NY 11224
Two apartments have short-term tenants, while the two-bedroom upper-floor unit is vacant.
Property Size2,293 SF
Price / SF$392.06
Days on Market73
Property Features for 3819 Cypress Avenue
General Information
Standard status
Active
Size
2,293 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Aug 19
Changed: Oct 28
Last Checked: Oct 28 at 4:15PM
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 Gosen properties
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Investment Insights
Based on property information with market context.
This detached triplex at 3819 Cypress Avenue in Brooklyn contains 2,293 square feet and was built in 1930. Two apartments are occupied by short-term tenants; the vacant upper-floor apartment has two bedrooms.
The property is within Seagate, a gated community, and is moments from a private beach.
The property is within Seagate, a gated community, and is moments from a private beach.
Key Highlights
- Three‑family detached residence with 2,293 square feet
- Two apartments occupied by short‑term tenants
- Vacant upper‑floor apartment with 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,305
Cap Rate
8.93%
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 8.93%
Second Best
Apartment 5plus
$1.00M
$875.0K – $1.17M
NOI $70,003 @ 7.0% cap · market cap 7.79%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $132,902 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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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 two-bedroom upper-floor 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 $899,000.
What are key features of this property?
This property features: Three‑family detached residence with 2,293 square feet; Two apartments occupied by short‑term tenants; Vacant upper‑floor apartment with 2 bedrooms
