Investment opportunity in Brooklyn's private, gated Sea Gate community. This detached 10-unit multifamily property offers two buildings on an expansive 100 *120-foot lot, totaling approximately 12,000 square feet, with approximately 5,211 square feet of building area and ample private parking. Features include hardwood floors, updated kitchen cabinetry, and improvements to the roof, siding, and windows. A full unfinished basement with high ceilings provides additional storage space. Residents enjoy private beach access and 24-hour community security. Annual scheduled rental income is approximately $124,000 before expenses, based on owner-provided rents and assuming full collection.
| MLS # | 1063777 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 25 |
| Listing Provided By | Daniel Gale Sothebys Intl Rlty | Huailing Deng |
| SQ Feet | 5,200 |
|---|---|
| Units | 10 |
| Zoning | R3-1 |
| Acreage | 0.28 |
| Cooling | None |
|---|---|
| Heating | Natural Gas, Steam |
| Construction Materials | Stucco |
|---|
| Parking Features | Other |
|---|
| Utilities | See Remarks |
|---|---|
| Sewer | Other |
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 330300 |
| Tax Annual Amount | 23844.6 |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11224 |
| Listing VS Median (in 11224) | |
Price: $1,670,000 low | high Med: $598,000 sqft: 5,200 low | high Med: 2,280 $ / sqft: $321 low | high Med: $262 On site: 25 low | high Med: 274 | |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11224 |
| Listing VS Median (in 11224) | |
Price: $1,670,000 low | high Med: $598,000 sqft: 5,200 low | high Med: 2,280 $ / sqft: $321 low | high Med: $262 On site: 25 low | high Med: 274 | |
![]() | $1,650,0004911 Surf AvenueBrooklyn, NY 11224 |