Seagate Three-Family
3819 Cypress Avenue, Brooklyn, NY 11224
MULTI_FAMILY - Brooklyn, NY
Property size:
2,293 SFLot size:
0.07 AcresPrice / SF:
$435/SF- Added:
- Apr 7, 2026
- Days on Market:
- 41
- Last Refresh:
- May 17 at 5:06 am
Property Features for 3819 Cypress Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
- 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
MLS# 500283
Listing URL
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
- Located in the exclusive, gated community of Seagate with private beach access.
- Three‑family detached residence offering significant income potential.
- Top‑floor 2‑bedroom apartment is vacant and ready for immediate rental or occupancy.
- Well‑maintained property suitable for investment or owner‑occupancy.
- Features hardwood flooring and a deck.
- Built in 1930 with block construction.
Overview
This fully detached three-family residence is located in the exclusive, gated community of Seagate in Brooklyn, New York. Situated moments from a private beach, the well-maintained property offers 2293 square feet of living space on a lot of 0.0689 acres. The property currently has two apartments occupied with short-term tenants. The top-floor apartment, featuring two bedrooms, is vacant, presenting income potential. This property is suitable as an investment or a spacious home with income-producing units. The location offers seaside living with the security and amenities of a private community, while also providing steady rental income.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$892.3K
NOI $80,305 @ 9.00% cap · cautious / downside scenario
Moderate
$1.15M
NOI $80,305 @ 7.00% cap · market / base-case scenario
Aggressive
$1.61M
NOI $80,305 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 |
2,293 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,305 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$1.00M
$875.0K – $1.17M
NOI $70,003 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $132,902 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Top Priority Service
Freight Service
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.006766
- Latitude
- 40.578798
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-family home in gated Seagate community near private beach.
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 $998,000.
What are key features of this property?
This property features: Located in the exclusive, gated community of Seagate with private beach access.; Three‑family detached residence offering significant income potential.; Top‑floor 2‑bedroom apartment is vacant and ready for immediate rental or occupancy.
