1038 Remsen Avenue Brooklyn, NY 11236
MULTI_FAMILY - Colonial - Brooklyn, NY
- Added:
- Mar 18, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 14 at 6:06 am
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 agent Ragheb Mick Baig (718) 987-7900
Listing office Robert DeFalco Realty, Inc. 1678 Hylan Blvd., STATEN ISLAND, NY (718) 987-7900
Listing date Mar 18, 2026
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.
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 |
