4205 Seagate Ave Brooklyn, NY 11224
Two-family home in gated community with income potential.
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 office (718) 612-3088
Listing date Apr 10, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Ruslan Mingazov
Investment Insights
Based on property information with market context.
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 |
