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2-Family Income Property with Basement
For Sale
$730,000

1168 E 38th St, Brooklyn, NY 11210

Two-family home with separate interior access and finished basement, sold as-is with limited tenant access.

Property SizeContact for details
Days on Market50

Property Features for 1168 E 38th St

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1925
Listing Agency:
Listed By: Ruslan Mingazov · License #10301211175
Source: Elliman
Added: Jun 16 Changed: Jul 10 Last Checked: Aug 4 at 10:04AM

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 Ruslan Mingazov

Investment Insights

Based on property information with market context.

This 2-family residential income property offers a 3-bedroom-over-2-bedroom layout plus a finished basement. The interior includes a vestibule/common hallway, with separate interior access points for the first-floor unit, second-floor unit, and basement. Basement access also extends to the rear yard. Heating is provided by oil heat. The property is being sold strictly as-is, and buyers should expect limited access for showings, inspections, and appraisal purposes due to non-cooperative occupants in areas referenced in the remarks.

The second-floor owner’s bedroom is being delivered vacant, while additional second-floor bedrooms are currently not accessible. The first-floor unit is also not accessible under current tenancy conditions. The asset is located in a convenient Flatlands/Brooklyn area near Flatbush Avenue, Avenue K, Kings Highway, Brooklyn College, Kings Plaza, and Marine Park, with access to multiple bus routes and the 2/5 trains at Flatbush Avenue–Brooklyn College and the B/Q trains at Kings Highway.

For investors and end users willing to proceed with restricted access, this configuration may support a range of operating approaches, including potential owner-occupancy on either level while maintaining basement access, subject to tenancy status and buyer due diligence. Potential buyers must review access limitations carefully as part of their inspection and appraisal planning.

Key Highlights

  • Two‑family home built in 1925 with a 3‑bedroom over 2‑bedroom layout and finished basement.
  • Separate interior access points to the first‑floor unit, second‑floor unit, and basement.
  • Basement provides access to the rear yard.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Bar & Pub (Bike/Boat/Book/etc) Store

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

3,538
Businesses Nearby

Demographics for 11210, NY

62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value

Market

Properties on Market for Duplexes in Brooklyn

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family home with separate interior access and finished basement, sold as-is with limited tenant access.
Where is this duplex located?
The property is located at 1168 E 38th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two‑family home built in 1925 with a 3‑bedroom over 2‑bedroom layout and finished basement.; Separate interior access points to the first‑floor unit, second‑floor unit, and basement.; Basement provides access to the rear yard.
More about this property
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