1168 E 38th Street, Brooklyn, NY 11210
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 10 at 8:06 am
Property Features for 1168 E 38th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2
- Interior features
- Microwave, Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 1,840 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6775
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Daniel Gamil License #10301211175 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Jun 8, 2026
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2‑family property built in 1925 with brick construction and shingle roof
- 3‑bedroom over 2‑bedroom layout plus a finished basement
- Separate interior access points for the first‑floor unit, second‑floor unit, and basement
- Oil heat; hardwood and tile flooring throughout
- Includes kitchen appliances: microwave, refrigerator, and stove
- Sold as‑is with limited access due to non‑cooperative tenants; second‑floor owner bedroom delivered vacant
Overview
The property is located in Flatlands, Brooklyn, with convenience to Flatbush Avenue, Avenue K, and Kings Highway. It is also near Brooklyn College, Kings Plaza, and Marine Park, along with local shopping, schools, and restaurants. Transportation options mentioned include nearby B41, B9, and B82/B82-SBS bus service, plus access to the 2/5 trains at Flatbush Avenue–Brooklyn College and the B/Q trains at Kings Highway.
The second-floor owner’s bedroom is to be delivered vacant, while additional second-floor bedrooms and the first-floor unit are currently not accessible due to non-cooperative occupants. The property is being sold strictly as-is, and buyers must be comfortable with limited access for showings, inspections, and appraisal purposes. Zoning is R4, and the configuration may support future owner-occupancy on either level while maintaining basement access, subject to tenancy status and buyer due diligence.
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 | $93.8k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $92.1k | $50.03 |
| − OpEx | −$27.6k | −$15.01 |
| NOI | $64.4k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.93954
- Latitude
- 40.626544
