Detached Two-Family Home with
3822 Cypress Avenue Brooklyn, NY 11224
MULTI_FAMILY - Brooklyn, NY
Property size:
1,807 SFLot size:
0.09 AcresPrice / SF:
$597/SF- Added:
- Jul 1, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 10 at 6:06 am
Property Features for 3822 Cypress Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3-1
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 1
- Parking features
- Garage - Detached
- Patio and Porch features
- Patio, Porch
- Interior features
- Fireplace, Patio Garden, Porch, Stove, Window Treatments
- Fireplace
- 1
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 1,807 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6998
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Wood Frame
- Roof type
- Shingle
Listing agent Athanasia DiMaggio (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date Jul 1, 2026
MLS# 502714
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.
Investment Insights
Based on property information with market context.
This detached two-family home is set on a 40x100 lot and includes a finished detached garage and a private driveway with parking for 6+ vehicles. Inside, the first-floor residence features a spacious dining room with crown molding, a living room with a fireplace, an eat-in kitchen, a king-sized bedroom, and a full bath with a Jacuzzi tub and a separate shower. The second-floor layout, including the attic space, offers four bedrooms, two full baths, and an open living/dining area. A fully finished basement adds additional flexibility with a full bath and a dedicated laundry area. Outdoor space includes a paved cobblestone yard and driveway on a fully gated property.
The home is located within the private, guard-gated Sea Gate community in Brooklyn. Residents have private beach access and discounted membership to the Sea Gate Pool Club. The property is zoned R3-1, and the annual HOA fee is listed at $4,600.
With two complete residential units plus finished basement space, the property can suit an owner-occupant looking to live in one unit while having an additional unit for rental or guest use, as well as buyers seeking a straightforward two-family configuration. The finished garage and multi-vehicle driveway support practical day-to-day needs, while the gated setting provides controlled access within the Sea Gate community.
The home is located within the private, guard-gated Sea Gate community in Brooklyn. Residents have private beach access and discounted membership to the Sea Gate Pool Club. The property is zoned R3-1, and the annual HOA fee is listed at $4,600.
With two complete residential units plus finished basement space, the property can suit an owner-occupant looking to live in one unit while having an additional unit for rental or guest use, as well as buyers seeking a straightforward two-family configuration. The finished garage and multi-vehicle driveway support practical day-to-day needs, while the gated setting provides controlled access within the Sea Gate community.
Key Highlights
- Detached two‑family home built in 1925 in the guard‑gated Sea Gate community, with private beach access and discounted Sea Gate Pool Club membership.
- 40x100 lot with private driveway and parking for 6+ vehicles, plus a finished detached garage.
- First‑floor unit features a living room with fireplace, eat‑in kitchen, king‑sized bedroom, and full bath with Jacuzzi tub and separate shower.
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 | $92.2k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $90.4k | $50.03 |
| − OpEx | −$27.1k | −$15.01 |
| NOI | $63.3k | $35.02 |
1,807 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$904.1K
$791.1K – $1.05M
NOI $63,284 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$788.1K
$689.6K – $919.4K
NOI $55,166 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,734 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Guard-gated detached two-family with finished garage, private driveway parking, and multiple baths across two residences.
Where is this duplex located?
The property is located at 3822 Cypress Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,079,000.
What are key features of this property?
This property features: Detached two‑family home built in 1925 in the guard‑gated Sea Gate community, with private beach access and discounted Sea Gate Pool Club membership.; 40x100 lot with private driveway and parking for 6+ vehicles, plus a finished detached garage.; First‑floor unit features a living room with fireplace, eat‑in kitchen, king‑sized bedroom, and full bath with Jacuzzi tub and separate shower.
