Building Details

Year built 1930

Floors in Building 2

Number of units 2

Building materials Vinyl Siding

Architectural style Colonial

Listing Agency: Robert DeFalco Realty, Inc. I***@DEFALCOREALTY.COM Show Phone

Listed By: Ragheb Mick Baig Show Phone

Added: Mar 18 Changed: Oct 8 Last Checked: Oct 10 at 5:06PM

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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.

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.

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 (±1% cap)

NOI $37,123 @ 7.0% cap · market cap 5.71%

Second Best

Apartment 5plus

$462.3K

$404.5K – $539.4K (±1% cap)

NOI $32,361 @ 7.0% cap · market cap 4.98%

Theoretical Best

Specialty Retail

$877.7K

$768.0K – $1.02M (±1% cap)

NOI $61,438 @ 7.0% cap · market cap 9.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

2,508

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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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