Two-Family Duplex with
1168 E 38th Street Brooklyn, NY 11210
For Sale
$730,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,840 SF
Lot Size0.05 Acres
Price / SF$396.74
Days on Market49
Property Features for 1168 E 38th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
- Interior features
- Microwave, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,840 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6775
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Daniel Gamil · License #10301211175
(718) 612-3088
Added: Jun 8
Changed: Jul 11
Last Checked: Jul 26 at 5:06PM
MLS# 501961
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.
Investment Insights
Based on property information with market context.
This two-family duplex offers a 3-bedroom over 2-bedroom layout plus a finished basement. The building includes an interior vestibule/common hallway and separate interior access points to the first-floor unit, second-floor unit, and basement, with basement access extending to the rear yard. Oil heat serves the property. The second-floor owner’s bedroom is currently intended to be delivered vacant, while other second-floor bedrooms and portions of the first-floor unit are described as inaccessible due to non-cooperative occupants. The property is being sold strictly as-is, and buyers should expect limited access for showings, inspections, and appraisal purposes.
The asset is located in Flatlands, Brooklyn. The remarks note proximity to Flatbush Avenue, Avenue K, Kings Highway, and several local destinations including Brooklyn College, Kings Plaza, and Marine Park. Public transportation options referenced include nearby B41, B9, and B82/B82-SBS bus service, as well as access to the 2/5 trains at Flatbush Avenue–Brooklyn College and the B/Q trains at Kings Highway.
For end users and investors, the internal separation between units and basement access may support a variety of live-in-and-rent scenarios, depending on tenancy status and buyer due diligence. Buyers should factor in the explicitly limited access conditions and the as-is sales terms when planning inspections and valuation.
The asset is located in Flatlands, Brooklyn. The remarks note proximity to Flatbush Avenue, Avenue K, Kings Highway, and several local destinations including Brooklyn College, Kings Plaza, and Marine Park. Public transportation options referenced include nearby B41, B9, and B82/B82-SBS bus service, as well as access to the 2/5 trains at Flatbush Avenue–Brooklyn College and the B/Q trains at Kings Highway.
For end users and investors, the internal separation between units and basement access may support a variety of live-in-and-rent scenarios, depending on tenancy status and buyer due diligence. Buyers should factor in the explicitly limited access conditions and the as-is sales terms when planning inspections and valuation.
Key Highlights
- 2‑family property with 3‑bedroom over 2‑bedroom layout plus finished basement
- Separate interior access points for the first‑floor unit, second‑floor unit, and basement
- Interior features include microwave, refrigerator, and stove
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 | $93.8k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $92.1k | $50.03 |
| − OpEx | −$27.6k | −$15.01 |
| NOI | $64.4k | $35.02 |
1,840 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$920.6K
$805.5K – $1.07M
NOI $64,440 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$802.5K
$702.2K – $936.2K
NOI $56,173 @ 7.0% cap · market cap 7.69%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,646 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family Brooklyn duplex with separate interior access and oil heat, with limited showing access sold as-is.
Where is this duplex located?
The property is located at 1168 E 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 2‑family property with 3‑bedroom over 2‑bedroom layout plus finished basement; Separate interior access points for the first‑floor unit, second‑floor unit, and basement; Interior features include microwave, refrigerator, and stove
