Canarsie Two-Family Home For
1038 Remsen Avenue Brooklyn, NY 11236
1038 Remsen Avenue, Brooklyn, NY, 11236
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For Sale
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Two-family home in Canarsie with tenant-occupied units.
Property Size1,060 SF
Price / SF$613.21
Days on Market126
Property Features for 1038 Remsen Avenue
General Information
- Standard status
- Active
- Size
- 1,060 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing agency
Coldwell Banker Staten Island
Listed by
Ragheb "Mickey" Baig · License #NY
Source
Crexi
Added: Mar 19 Updated: Jul 6 at 1:19PM Checked: Jul 20 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Staten Island
Investment Insights
Based on property information with market context.
This two-family home is located in Canarsie and features two units, each containing 2 bedrooms and 1 bathroom. The property is tenant-occupied and includes an unfinished basement. A private driveway leads to a garage. Please note that this is a short sale and is subject to third-party approval. The property size is 1060 square feet.
Key Highlights
- Two‑family home: Ideal for investors or owner‑occupiers seeking rental income.
- Two 2‑bedroom, 1‑bath units: Provides comfortable living spaces.
- Private driveway and garage: Offers convenient and secure parking.
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 - Two-family home in Canarsie with tenant-occupied units.
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: Ideal for investors or owner‑occupiers seeking rental income.; Two 2‑bedroom, 1‑bath units: Provides comfortable living spaces.; Private driveway and garage: Offers convenient and secure parking.
