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  • $1,100,000

    3745 Oceanic Ave, Brooklyn, NY 11224

    8beds
    5,500sqft
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    Multi Family
    Built in 1920
    -- sqft lot
    $1,226,300 Zestimate®
    $200/sqft
    $-- HOA

    What's special

    Private beachesAbundant natural lightGated shoresOutdoor entertainment areasBay viewsRoom for lush gardensRoomy living spaces
    Historic Opportunity: Coastal Fixer-Upper with Massive Income & Value-Add Potential at 3745 Oceanic Ave, Sea Gate This is a true fixer-upper being offered at a bargain price that reflects its current condition but dramatically understates its future worth. With the right vision, love, and investment, this property can be transformed into a showpiece worth significantly more — delivering both a stunning personal residence and massive income potential through rentals, guest suites, or expanded use. The main house retains its timeless architectural bones and classic detailing, with gracious layouts, abundant natural light, and roomy living spaces that are primed for modern updates. The gourmet kitchen footprint offers endless possibilities once refreshed, while the upstairs bedrooms — including the primary suite with its enviable views — are ready to become luxurious retreats. The floorplans provided depict the layout of this main unit aka Owners unit. The separate secondary residence, complete with its own entrance, mirrors the main home’s scale and charm. Currently underutilized, it presents immediate rental income opportunities or flexible space for extended family, multi-generational living, or short-term guest accommodations in this highly desirable coastal community. The expansive grounds are a standout feature — one of the largest lots in the area — offering room for lush gardens, outdoor entertainment areas, patios, or future expansion (subject to approvals). Mature trees and generous outdoor space provide privacy and endless possibilities for creating your ideal coastal oasis. Sea Gate itself delivers the ultimate in coastal living: private beaches, bay views, sunset strolls, and a strong sense of community behind its gated shores — all just minutes from Manhattan yet worlds away in tranquility. This is not just a home — it’s a high-upside investment. 3745 Oceanic Ave is priced to sell as-is to the buyer who sees the tremendous potential: restore the historic charm, modernize for today’s lifestyle, and unlock substantial equity and income in one of Brooklyn’s most unique waterfront enclaves. Bring your vision and make history at 3745 Oceanic Ave. Serious buyers ready to create something exceptional are encouraged to act quickly on this rare opportunity.
    841 days
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    286
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    5
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    Zillow last checked:

    Listing updated:

    Listed by:

    Augenbaum Realty Corp 646-918-0510,

    Chaim Werdyger

    Source: StreetEasy,MLS#: S1707784

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 5
      • Full bathrooms: 3
      • 1/2 bathrooms: 2
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 5,500
      • Total interior livable area: 5,500 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Features
      • Patio & porch: Other
      • Exterior features: Courtyard
      Details
      • Parcel number: 070270059
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1920

      Community & HOA

      Community
      • Subdivision: Seagate
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $200/sqft
      • Tax assessed value: $1,777,000
      • Annual tax amount: $10,218
      • Date on market: 3/29/2024

        Estimated market value

        $1,226,300

        $1.16M - $1.30M

        $3,036/mo

        Price history

        DateEventPrice
        11/24/2025Price change$1,100,000-17%$200/sqft
        Source: StreetEasy #S1707784 Report a problem
        9/1/2025Price change$1,325,000-1.9%$241/sqft
        Source: StreetEasy #S1707784 Report a problem
        3/29/2024Listed for sale$1,350,000$245/sqft
        Source: StreetEasy Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,218 -1.2%$106,620 +26.6%
        2024$10,343 $84,240 -17.9%
        2023-- $102,660 -8.7%
        2022-- $112,500 +13.2%
        2021-- $99,360 +7.5%
        2020$9,083 $92,460 +14%
        2019$9,083 +2%$81,120 +90.5%
        2018$8,909 +8.8%$42,589 +6%
        2017$8,190 +10.5%$40,179 +6%
        2016$7,412 $37,905 +6%
        2015$7,412 +51%$35,760
        2014$4,907 $35,760
        2013-- $35,760 -0.5%
        2012-- $35,942 +4%
        2011-- $34,557 +6%
        2010-- $32,602 +6%
        2009-- $30,758 +2.7%
        2008-- $29,952
        2007-- $29,952 +4%
        2006-- $28,798 +6%
        2005-- $27,169 +6%
        2004-- $25,632 +2.7%
        2003-- $24,960
        2002-- $24,960 +4%
        2001-- $23,999 +6%
        2000-- $22,641
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Seagate

        Getting around

        47 / 100
        Car-Dependent
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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