Up-and-Down Duplex with
For Sale
$898,000
1168 E 38th Street, Brooklyn, NY 11210
Residential, Duplex - Up/Down, Brooklyn, NY
Property Size1,840 SF
Lot Size0.05 Acres
Price / SF$488.04
Days on Market125
Property Features for 1168 E 38th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Interior features
Microwave, Refrigerator, Stove
Basement
Full, Finished
Subdivision
East Flatbush
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 Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Daniel Gamil · License #10301211175
(718) 313-0214
Added: Jun 8
Changed: Oct 3
Last Checked: Oct 10 at 3:06AM
MLS# 501961
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.
Investment Insights
Based on property information with market context.
Built in 1925, this 1,840-square-foot brick duplex contains a three-bedroom first-floor unit over a two-bedroom second-floor unit. A finished basement adds usable space and connects to the rear yard, while separate interior access points serve both residential levels and the basement. The property includes an interior vestibule and common hallway, along with tile and hardwood flooring, a shingle roof, oil heat, and a kitchen equipped with a microwave, refrigerator, and stove. It is offered as-is.
The 0.0459-acre property is in Flatlands, Brooklyn, near Flatbush Avenue, Avenue K, Kings Highway, Brooklyn College, Kings Plaza, Marine Park, local shopping, schools, and restaurants. Transportation options include the B41, B9, B82/B82-SBS, the 2/5 trains at Flatbush Avenue-Brooklyn College, and the B/Q trains at Kings Highway. Zoning is R4.
The 0.0459-acre property is in Flatlands, Brooklyn, near Flatbush Avenue, Avenue K, Kings Highway, Brooklyn College, Kings Plaza, Marine Park, local shopping, schools, and restaurants. Transportation options include the B41, B9, B82/B82-SBS, the 2/5 trains at Flatbush Avenue-Brooklyn College, and the B/Q trains at Kings Highway. Zoning is R4.
Key Highlights
- 3‑bedroom‑over‑2‑bedroom duplex layout
- 1,840 square feet on a 0.0459‑acre lot
- Finished basement with access to the rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,440
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,288,800
$1.3M
Cap Rate 7%
$920,571
$920.6K
Cap Rate 9%
$716,000
$716.0K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$93.8K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$92.1K $50.03/SF
− OpEx
−$27.6K −$15.01/SF
NOI
$64.4K $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%
$1,288,800
Cap Rate 7%
$920,571
Cap Rate 9%
$716,000
Alternative Uses
Best Use
Multifamily LT 5
$920.6K
$805.5K – $1.07M
NOI $64,440 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$802.5K
$702.2K – $936.2K
NOI $56,173 @ 7.0% cap · market cap 6.26%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,646 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,538
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick two-family property with flexible floor plan, finished basement, and separate access to each level.
Where is this duplex located?
The property is located at 1168 E 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: 3‑bedroom‑over‑2‑bedroom duplex layout; 1,840 square feet on a 0.0459‑acre lot; Finished basement with access to the rear yard
