Property Attributes
- MLS#500860
- TypeMulti-Family
- Listing Status Active
- CountyKINGS
- CityBrooklyn
- AreaBrooklyn
- NeighborhoodSeagate
- Zip11224
- StyleMulti-Family
- Year Built2014
- Taxes$ 41394
- Price$ 1,990,000
- Bedrooms0
- Full Bathrooms6
- Half Bathrooms0
- Lot Size0.126263 Acres
Data Source:
Brooklyn MLS (BNYMLS)
Property Description
Modern 5-Family Home in Gated Seagate Community – Moments from the Ocean Built in 2014, this exceptional 5-family, 3-story residence is located in the exclusive gated community of Seagate, just minutes from the ocean and the Seagate Beach Club. Offering a rare opportunity for both owner-occupancy and strong rental income, this free-market building combines modern living with timeless coastal appeal. Each apartment features split system units, private outdoor space (including three balconies with ocean views and a backyard), and separate heat and hot water—tenants pay their own utilities. All tenants are currently on month-to-month leases with on-time payment history, providing flexibility for future owners. Additional amenities include a private driveway, laundry room, storage area, and a bike room for added convenience. This is an outstanding investment opportunity in one of Brooklyn’s most desirable waterfront communities. Showings by appointment only. Please submit all offers with proof of funds
| Price History | |
|---|---|
| 4/25/2026 | Listed $1,990,000 |
General Features
| Net Operating Income | 100493.00 |
|---|---|
| Roof | Shingle |
| Zoning | R3-1 |
| Electric | 110 V,220 V |
| Stories Count | 3 |
| Property Type | Residential |
| Block | 7026 |
| Cap Rate | 0.05 |
| Lot Number | 3 |
| Yearly Taxes | 41394.00 |
| Transaction Type | Sale |
| Insurance Expense | 9000.00 |
| Utility Expense | 1950.00 |
| Gross Expense | 56707.00 |
| Financing | 1031 Exchange,Bank Mortgage,Cash |
| Building Type | Detached |
| Gross Income | 157200 |
| Status | Active |
| Fuel Expense | 1463.00 |
| Construction Materials | Wood Frame |
| Cumulative Days on Market | 339 |
| MLS Area | Seagate |
| Sub Type | Multi-Family |
| Year Built | 2014 |
| City | Brooklyn |
| Borough | Brooklyn |
| Residential Features | A/C Unit,A/C Unit - Wall,Deck,Dishwasher,Dryer,Laundry Area,Microwave,Patio Garden,Porch,Refrigerator,Stove,Terrace,Washer |
| DOM | 151 |
| Sale Type | Arm's Length |
| # Families | 5 |
| Public Remarks | Modern 5-Family Home in Gated Seagate Community – Moments from the Ocean Built in 2014,this exceptional 5-family,3-story residence is located in the exclusive gated community of Seagate,just minutes |
Interior Features
| Heating Fuel | Gas |
|---|---|
| Flooring | Hardwood,Laminate,Tile |
| Hot Water | Gas |
| Full Baths | 6 |
| Unit Count | 5 |
| Three Quarter Bath | 2 |
| Building Amenities | Bike Rooms,Laundry – Card Operated |
| AC Units | 5+ |
| Basement Amenities | Finished,Full |
| Total Baths | 8.00 |
Exterior Features
| Exterior | Stucco |
|---|---|
| Lot Dimensions | 115x91 |
| Yard | Side,Fenced - Full |
| Foundation | Block |
| Lot Sq Ft | 5500 |
| Property Panorama YN | Yes |
| Lot Size Length | 91 |
| Lot Size Width | 115 |
| Parking Attrib | 4 Spaces |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 11224
In The Neighborhood
Brooklyn
$ 1,198,000
- Type
- Multi-Family
- Size
- 2,432 SqFt
- Rooms
- 3 Beds + 1.5 Baths
Brooklyn
$ 1,798,000
- Type
- Multi-Family
- Size
- 2,427 SqFt
- Rooms
- 4 Beds + 4 Baths
Coney Island
$ 569,750
- Type
- Multi-Family
- Size
- 2,032 SqFt
- Rooms
- 4 Beds + 2 Baths
Brooklyn
$ 1,054,000
- Type
- Multi-Family
- Size
- 1,807 SqFt
- Rooms
- 5 Beds + 4 Baths
Brooklyn
$ 1,500,000
- Type
- Multi-Family
- Size
- 3,762 SqFt
- Rooms
- 9 Beds + 6 Baths
Brooklyn
$ 879,000
- Type
- Multi-Family
- Size
- 1,912 SqFt
- Rooms
- 5 Beds + 3 Baths
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