Seagate Two-Family Home For
4205 Seagate Ave Brooklyn, NY 11224
4205 Seagate Ave, Brooklyn, NY, 11224
$878,000
For Sale
$878,000
Two-family home in gated community with income potential.
Property Size2,600 SF
Price / SF$337.69
Days on Market103
Property Features for 4205 Seagate Ave
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
(718) 612-3088
Listed by
Ruslan Mingazov · License #10301211175
(718) 612-3088
Source
Elliman
Added: Apr 10 Updated: Jul 10 at 12:25PM Checked: Jul 21 at 6:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ruslan Mingazov
Investment Insights
Based on property information with market context.
Located in the private Seagate community, this two-family detached home offers income potential and flexible end-user appeal. The property features 5 bedrooms and 4 bathrooms within approximately 2,600 sqft across multiple levels. The main unit is a spacious split-level layout with internal staircases, complemented by a second unit suitable for additional rental income. A finished full basement with a separate entrance is included. The property has a private driveway with parking for 6+ cars, along with a detached garage. Hardwood floors are installed throughout the home. Outdoor spaces include a porch, deck, and fenced backyard. The gated Seagate community provides private beach access, resident-only security, parks, playgrounds, and a waterfront setting. Transportation options include proximity to local buses (B36 and B74) with connections to the D, F, N, and Q subway lines, facilitating access throughout Brooklyn and into Manhattan. The annual Sea Gate Association Fee is $7,330.
Key Highlights
- Located in the exclusive gated Seagate community with private beach access and resident‑only security.
- Strong income potential from a two‑family detached home with a second unit for rental income.
- Spacious 5 bedroom, 4 bathroom property with approximately 2,600 sqft of living space.
Local Financial Insights For Apartment 5plus
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 | $147.3k | $56.64 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $144.3k | $55.51 |
| − OpEx | −$64.9k | −$24.98 |
| NOI | $79.4k | $30.53 |
2,600 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,056 @ 7.0% cap · market cap 10.37%
Second Best
Apartment 5plus
$1.13M
$992.2K – $1.32M
NOI $79,375 @ 7.0% cap · market cap 9.04%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,696 @ 7.0% cap · market cap 17.16%
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 - Two-family home in gated community with income potential.
Where is this duplex located?
The property is located at 4205 Seagate Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $878,000.
What are key features of this property?
This property features: Located in the exclusive gated Seagate community with private beach access and resident‑only security.; Strong income potential from a two‑family detached home with a second unit for rental income.; Spacious 5 bedroom, 4 bathroom property with approximately 2,600 sqft of living space.
