Two-Family Residential Income
1038 Remsen Avenue Brooklyn, NY 11236
1038 Remsen Avenue, Brooklyn, NY, 11236
$649,999
For Sale
$649,999
MULTI_FAMILY - Colonial - Brooklyn, NY
Property Size1,060 SF
Lot Size0.06 Acres
Price / SF$613.21
Days on Market126
Property Features for 1038 Remsen Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 1,060 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6526
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl Siding
- Architectural style
- Colonial
Listing agency
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed by
Ragheb Mick Baig
(718) 987-7900
Added: Mar 18 Updated: Jul 10 at 9:57PM Checked: Jul 21 at 10:06AM
MLS# 2601393
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family residential income property is configured as two separate 2-bedroom, 1-bath units. The home includes an unfinished basement and offers a private driveway that leads to a garage. The property is currently tenant-occupied, and access is limited to drive-by viewing only; please do not disturb tenants.
The address is 1038 Remsen Avenue in Brooklyn, New York 11236. The listing notes the sale is a short sale, subject to third-party approval.
For buyers seeking a tenant-occupied duplex with a straightforward two-unit layout, this property provides two comparable residential units within a single building. The unfinished basement and garage access may also be useful for storage or expansion plans, subject to whatever is permitted by applicable approvals and regulations.
The address is 1038 Remsen Avenue in Brooklyn, New York 11236. The listing notes the sale is a short sale, subject to third-party approval.
For buyers seeking a tenant-occupied duplex with a straightforward two-unit layout, this property provides two comparable residential units within a single building. The unfinished basement and garage access may also be useful for storage or expansion plans, subject to whatever is permitted by applicable approvals and regulations.
Key Highlights
- Two‑family home in Canarsie with two 2‑bedroom, 1‑bath units
- Tenant‑occupied property—drive‑by only; do not disturb tenants
- Private driveway provides access to a garage
Local Financial Insights For Multifamily LT 5
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 | $54.1k | $51.00 |
| − Vacancy | −$1.0k | −$0.97 |
| EGI | $53.0k | $50.03 |
| − OpEx | −$15.9k | −$15.01 |
| NOI | $37.1k | $35.02 |
1,060 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$530.3K
$464.0K – $618.7K
NOI $37,123 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$462.3K
$404.5K – $539.4K
NOI $32,361 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$877.7K
$768.0K – $1.02M
NOI $61,438 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Tenant-occupied duplex with two 2-bedroom, 1-bath units and private driveway to a garage.
Where is this duplex located?
The property is located at 1038 Remsen Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: Two‑family home in Canarsie with two 2‑bedroom, 1‑bath units; Tenant‑occupied property—drive‑by only; do not disturb tenants; Private driveway provides access to a garage
