Renovated Detached
New
For Sale
$1,798,000
3925 Lyme Avenue, Brooklyn, NY 11224
Residential, Brooklyn, NY
Property Size2,427 SF
Lot Size0.08 Acres
Price / SF$740.83
Days on Market1
Property Features for 3925 Lyme Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3
Parking features
Garage - Detached
Interior features
Central Air, Central Air - Split, Dishwasher, Garage Door Opener(s), Laundry Area, Refrigerator, Stove, Terrace, Washer
Basement
Finished, Full
Subdivision
Seagate
Standard status
Active
Size
2,427 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
8481
Amenities
gas fireplace
chef's kitchen
pantry
laundry room
walk-in closet
covered terrace
home gym
private driveway
detached garage
pizza oven
beach access
Building Details
Number of units
2
Flooring type
Tile, Ceramic
Roof type
Asphalt
Listing Agency:
Compass Greater NY, LLC
(212) 913-9058
Listed By:
Kurt Vikki · License #10401239518
(917) 642-0908
Added: Sep 17
Last Checked: Sep 17 at 6:06PM
MLS# 504637
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 fully detached duplex is currently arranged as a single-family residence with 2,427 square feet of living space. The main floor features an open living and dining arrangement, gas fireplace, large kitchen island, pantry, rear family room, full bath, and laundry room. Four bedrooms and two full baths occupy the second floor, including a primary suite with private bath, walk-in closet, and covered terrace. A finished lower level adds a recreation room, home gym, storage, and separate rear access.
The property occupies a 35' x 100' lot in Seagate and includes a private driveway, detached garage, and backyard with a built-in pizza oven. R3-1 zoning supports the duplex classification. The community offers beach access, while express bus service via the X28 and X38 routes and access to the D, F, Q, and N subway lines connect the area with Manhattan.
The property occupies a 35' x 100' lot in Seagate and includes a private driveway, detached garage, and backyard with a built-in pizza oven. R3-1 zoning supports the duplex classification. The community offers beach access, while express bus service via the X28 and X38 routes and access to the D, F, Q, and N subway lines connect the area with Manhattan.
Key Highlights
- 2,427 square feet of interior space on a 0.0803‑acre lot
- Fully detached duplex currently configured as a single‑family residence
- 35' x 100' lot with private driveway and detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,998
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,699,960
$1.7M
Cap Rate 7%
$1,214,257
$1.2M
Cap Rate 9%
$944,422
$944.4K
Market Conditions
NOI Build-Up for 2,427 SF
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.
Gross rent
$123.8K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$121.4K $50.03/SF
− OpEx
−$36.4K −$15.01/SF
NOI
$85.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,699,960
Cap Rate 7%
$1,214,257
Cap Rate 9%
$944,422
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.42M
NOI $84,998 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$1.06M
$926.2K – $1.23M
NOI $74,094 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,669 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
364
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R3-1-zoned residence includes a finished lower level, detached garage, covered terrace, and private driveway.
Where is this duplex located?
The property is located at 3925 Lyme Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: 2,427 square feet of interior space on a 0.0803‑acre lot; Fully detached duplex currently configured as a single‑family residence; 35' x 100' lot with private driveway and detached garage
