Detached Duplex with Finished
For Sale
$975,000
3822 Cypress Avenue, Brooklyn, NY 11224
Residential, Brooklyn, NY
Property Size1,807 SF
Lot Size0.09 Acres
Price / SF$539.57
Days on Market109
Property Features for 3822 Cypress Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Garage - Detached
Patio and Porch features
Porch, Patio
Interior features
Fireplace, Patio Garden, Porch, Stove, Window Treatments
Fireplace
1
Basement
Full, Finished
Subdivision
Seagate
Standard status
Active
Size
1,807 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6998
Amenities
private beach access
discounted membership to Sea Gate Pool Club
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Athanasia DiMaggio
(646) 463-0896
Added: Jul 1
Changed: Oct 13
Last Checked: Oct 17 at 9:06PM
MLS# 502714
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.
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Investment Insights
Based on property information with market context.
This detached two-family residence was built in 1925 and contains 1,807 square feet on a 0.0918-acre lot. The first-floor unit includes a dining room with crown molding, living room fireplace, eat-in kitchen, king-sized bedroom, and full bath with Jacuzzi tub and separate shower. The upper residence extends into the attic and provides four bedrooms, two full baths, and an open living and dining area. Its kitchen includes custom wood cabinetry, granite countertops, a breakfast bar, and stainless steel appliances.
A fully finished basement adds a full bath and laundry area. The property also includes a finished detached garage, private driveway parking for 6+ vehicles, paved cobblestone outdoor areas, and a gated perimeter. Located within the guard-gated Sea Gate community, the property offers access to the community's private beach and discounted Sea Gate Pool Club membership. Zoning is R3-1.
A fully finished basement adds a full bath and laundry area. The property also includes a finished detached garage, private driveway parking for 6+ vehicles, paved cobblestone outdoor areas, and a gated perimeter. Located within the guard-gated Sea Gate community, the property offers access to the community's private beach and discounted Sea Gate Pool Club membership. Zoning is R3-1.
Key Highlights
- Detached two‑family home with 1,807 square feet of property size
- 0.0918‑acre lot measuring 40x100
- Finished detached garage and private driveway parking for 6+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,284
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,680
$1.3M
Cap Rate 7%
$904,057
$904.1K
Cap Rate 9%
$703,156
$703.2K
Market Conditions
NOI Build-Up for 1,807 SF
Gross rent
$92.2K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$90.4K $50.03/SF
− OpEx
−$27.1K −$15.01/SF
NOI
$63.3K $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%
$1,265,680
Cap Rate 7%
$904,057
Cap Rate 9%
$703,156
Alternative Uses
Best Use
Multifamily LT 5
$904.1K
$791.1K – $1.05M
NOI $63,284 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$788.1K
$689.6K – $919.4K
NOI $55,166 @ 7.0% cap · market cap 5.66%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,734 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
510
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible living arrangements with private parking and finished lower-level space.
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 $975,000.
What are key features of this property?
This property features: Detached two‑family home with 1,807 square feet of property size; 0.0918‑acre lot measuring 40x100; Finished detached garage and private driveway parking for 6+ vehicles
