Oversized Brick Home with
1026 39th Street, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property size:
2,616 SFLot size:
0.04 AcresPrice / SF:
$535/SF- Added:
- Oct 6, 2025
- Days on Market:
- 234
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 1026 39th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- M1-2
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 2
- Interior features
- Dryer, Refrigerator, Stove, Washer
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,616 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5181
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Oct 6, 2025
MLS# 496375
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Oversized 2‑family brick home with 8 bedrooms and 5 full bathrooms.
- M1‑2 zoning with approximately 1,200 SF of additional buildable potential.
- Prime location in Sunset Park/Borough Park.
- Finished basement with a full bathroom and separate front entrance.
- Low annual property tax of only $5,491.
- Master suite with private full bath on the 1st floor.
Overview
This oversized 2-family brick home is located in Sunset Park/Borough Park, Brooklyn. The building, with dimensions of 20x70 feet, sits on a 20x95 foot lot. The property is zoned M1-2, offering approximately 1,200 square feet of additional buildable potential. The first floor features four bedrooms, including a master suite with a private full bathroom, plus three additional bedrooms and a shared bathroom. The second floor also includes four bedrooms and two full bathrooms. A finished basement with a full bathroom and a separate front entrance provides additional space. The property contains a total of eight bedrooms and five full bathrooms. The property size is 2,616 square feet and the lot size is 0.0437 acres. This residential income property presents an opportunity for various uses.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$839.4K
NOI $75,548 @ 9.00% cap · cautious / downside scenario
Moderate
$1.08M
NOI $75,548 @ 7.00% cap · market / base-case scenario
Aggressive
$1.51M
NOI $75,548 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.0k | $43.20 |
| − Vacancy | −$5.1k | −$1.94 |
| EGI | $107.9k | $41.26 |
| − OpEx | −$32.4k | −$12.38 |
| NOI | $75.5k | $28.88 |
2,616 SF · lease $43.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.08M
$944.4K – $1.26M
NOI $75,548 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$968.8K
$847.7K – $1.13M
NOI $67,816 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,712 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.992384
- Latitude
- 40.644005
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Rare 8-bedroom Brooklyn home with buildable potential and M1-2 zoning.
Where is this duplex located?
The property is located at 1026 39th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Oversized 2‑family brick home with **8 bedrooms and 5 full bathrooms**.; M1‑2 zoning with approximately 1,200 SF of additional buildable potential.; Prime location in Sunset Park/Borough Park.
