Renovated Two-Family Home, Brighton
38 Corbin Place Brooklyn, NY 11235
For Sale
$1,100,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,877 SF
Lot Size0.06 Acres
Price / SF$586.04
Days on Market249
Property Features for 38 Corbin Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Carport
- Interior features
- A/C Unit - Wall, Dishwasher, Refrigerator, Stove
- Standard status
- Active
- Size
- 1,877 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9196
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang
(917) 708-9966
Added: Nov 18, 2025
Changed: Jul 17
Last Checked: Jul 25 at 9:06PM
MLS# 497348
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 renovated two-family home is located in Brighton Beach, Brooklyn. The property is near the boardwalk, beaches, shopping, dining, and subway lines. The home offers 1,877 square feet across two units with modern updates and an excellent layout. The first floor apartment features a living room, two bedrooms, an updated kitchen, a full bath, and a sunroom, with access to the laundry area and a private rear yard. The second floor unit includes a living room, dining area, and a new modern kitchen with cabinetry. The property also features a private driveway/carport. This property is suitable for generating rental income or as a long-term investment in a desirable beachside location. The lot size is 0.0581 acres. The zoning is R6.
Key Highlights
- Two‑family home offering over 1,877 sq ft across two units
- First‑floor unit includes 2 bedrooms, 1 full bath, a large sunroom, and easy access to the laundry area
- First‑floor has a private rear yard for outdoor use
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 | $95.7k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $93.9k | $50.03 |
| − OpEx | −$28.2k | −$15.01 |
| NOI | $65.7k | $35.02 |
1,877 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$939.1K
$821.7K – $1.10M
NOI $65,736 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$818.6K
$716.3K – $955.1K
NOI $57,303 @ 7.0% cap · market cap 5.21%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,791 @ 7.0% cap · market cap 9.89%
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 - Renovated two-family home near Brighton Beach with investment potential.
Where is this duplex located?
The property is located at 38 Corbin Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family home offering over 1,877 sq ft across two units; First‑floor unit includes 2 bedrooms, 1 full bath, a large sunroom, and easy access to the laundry area; First‑floor has a private rear yard for outdoor use
