3819 Cypress Avenue, Brooklyn, NY 11224
MULTI_FAMILY - Brooklyn, NY
- Added:
- Apr 7, 2026
- Days on Market:
- 92
- Last Refresh:
- Jul 7 at 4:06 pm
Property Features for 3819 Cypress Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 7, Bedroom 1, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 2
- Patio and Porch features
- Deck
- Interior features
- Deck, Refrigerator, Stove
- Basement
- Full
- Standard status
- Active
- Size
- 2,293 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9645
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Block
Listing agent Leonid Sklyar License #SKL439 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Apr 7, 2026
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.
HighLights
- Fully detached three‑family residence in the gated community of Seagate
- 2 apartments currently occupied with short‑term tenants; top‑floor 2‑bedroom apartment is vacant
- Year built 1930 with block construction and hardwood flooring
- Home features decks and includes a refrigerator and stove
- Room count includes 7 bedrooms and 3 bathrooms
- Seagate HOA for 2026: $6,431
Overview
Set on Cypress Avenue in Brooklyn (11224), the home is positioned “just moments” from a private beach, per the listing remarks. The Seagate HOA is referenced as $6,431 for 2026, which may be relevant for buyers evaluating ongoing community expenses.
For investors or owner-occupants seeking a multi-unit asset, the current setup provides immediate rental occupancy in two units while leaving the top-floor two-bedroom apartment available. With the property already configured as a three-family home and the third unit vacant, buyers and operators can plan for either continued short-term rental use or a different occupancy strategy, subject to applicable community and regulatory requirements.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.9k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $114.7k | $50.03 |
| − OpEx | −$34.4k | −$15.01 |
| NOI | $80.3k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.006766
- Latitude
- 40.578798
