Two-Unit Duplex with Finished
For Sale
$1,299,000
1014 38th Street, Brooklyn, NY 11219
Residential, Brooklyn, NY
Property Size1,652 SF
Lot Size0.04 Acres
Price / SF$786.32
Days on Market105
Property Features for 1014 38th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M1-2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Interior features
A/C Unit - Window, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Boro-Park
Standard status
Active
Size
1,652 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5084
Building Details
Year built
1899
Floors in Building
2
Flooring type
Hardwood, Tile, Laminate
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Jul 1
Changed: Oct 10
Last Checked: Oct 13 at 3:06PM
MLS# 502716
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 wood-frame duplex contains two matching three-bedroom apartments arranged on the first and second floors. The property provides 6 bedrooms and 3 full bathrooms across 1,652 square feet, with a full finished basement and its own front entry. Interior features include window A/C units, a refrigerator, a stove, hardwood, tile, and laminate flooring. The building was constructed in 1899 and has a flat roof.
Set on a 0.0415-acre lot at 1014 38th Street in Brooklyn, the property is near shopping, restaurants, schools, parks, and public transportation. The D train is also nearby. Zoning is designated M1-2.
Set on a 0.0415-acre lot at 1014 38th Street in Brooklyn, the property is near shopping, restaurants, schools, parks, and public transportation. The D train is also nearby. Zoning is designated M1-2.
Key Highlights
- Two matching 3‑bedroom apartments on the 1st and 2nd floors
- 6 bedrooms and 3 full bathrooms across 1,652 square feet
- Full finished basement with separate front entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,708
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,160
$954.2K
Cap Rate 7%
$681,543
$681.5K
Cap Rate 9%
$530,089
$530.1K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$71.4K $43.20/SF
− Vacancy
−$3.2K −$1.94/SF
EGI
$68.2K $41.26/SF
− OpEx
−$20.4K −$12.38/SF
NOI
$47.7K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,160
Cap Rate 7%
$681,543
Cap Rate 9%
$530,089
Alternative Uses
Best Use
Multifamily LT 5
$681.5K
$596.4K – $795.1K
NOI $47,708 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$611.8K
$535.3K – $713.8K
NOI $42,826 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.07M
$937.1K – $1.25M
NOI $74,966 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching three-bedroom units plus a finished lower level provide a flexible two-family layout.
Where is this duplex located?
The property is located at 1014 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two matching 3‑bedroom apartments on the 1st and 2nd floors; 6 bedrooms and 3 full bathrooms across 1,652 square feet; Full finished basement with separate front entrance
