Two-Family Home With
For Sale
$649,999
1038 Remsen Avenue, Brooklyn, NY 11236
Residential Income, Brooklyn, NY
Property Size1,060 SF
Lot Size0.06 Acres
Price / SF$613.21
Days on Market223
Property Features for 1038 Remsen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Basement
Unfinished, Full
Subdivision
Canarsie
Standard status
Active
Size
1,060 SF
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6526
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Buildings
1
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Ragheb Mick Baig
(718) 987-7900
Added: Mar 18
Changed: Oct 25
Last Checked: Oct 26 at 10:06PM
MLS# 2601393
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.
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Investment Insights
Based on property information with market context.
This Colonial-style duplex, built in 1930, contains two 2-bedroom, 1-bath units within 1,060 square feet. The tenant-occupied property includes an unfinished basement, vinyl siding, and a private driveway leading to a garage. Hot water heating and natural gas service the home, with public sewer serving the property.
Situated at 1038 Remsen Avenue in Brooklyn, the property occupies 0.0574 acres and carries R4-1 zoning. Its two-unit layout, established residential construction, and on-site garage define the physical offering.
Situated at 1038 Remsen Avenue in Brooklyn, the property occupies 0.0574 acres and carries R4-1 zoning. Its two-unit layout, established residential construction, and on-site garage define the physical offering.
Key Highlights
- Two 2‑bedroom, 1‑bath residential units
- 1,060 square feet on a 0.0574‑acre lot
- Tenant‑occupied property with an unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,123
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,460
$742.5K
Cap Rate 7%
$530,329
$530.3K
Cap Rate 9%
$412,478
$412.5K
Market Conditions
NOI Build-Up for 1,060 SF
Gross rent
$54.1K $51.00/SF
− Vacancy
−$1.0K −$0.97/SF
EGI
$53.0K $50.03/SF
− OpEx
−$15.9K −$15.01/SF
NOI
$37.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,460
Cap Rate 7%
$530,329
Cap Rate 9%
$412,478
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 authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,508
Businesses Nearby
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Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with two residential units, a basement, and private driveway access.
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 2‑bedroom, 1‑bath residential units; 1,060 square feet on a 0.0574‑acre lot; Tenant‑occupied property with an unfinished basement
