1168 E 38th Street, Brooklyn, NY 11210
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 8, 2026
- Days on Market:
- 31
- Last Refresh:
- Jul 8 at 9:06 pm
Property Features for 1168 E 38th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 6
- 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
- Tile, Hardwood
- 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 layout with 3‑bedroom over 2‑bedroom configuration plus a finished basement
- Separate interior access points to the first‑floor unit, second‑floor unit, and the basement
- Oil heat; brick construction with shingle roof; hardwood and tile flooring
- Interior features include microwave, refrigerator, and stove
- Sold as‑is with limited access for showings, inspections, and appraisals due to non‑cooperative tenants
- Year built: 1925; includes access from the basement to the rear yard
Overview
The asset is located in Flatlands, Brooklyn. The remarks note proximity to Flatbush Avenue, Avenue K, Kings Highway, and several local destinations including Brooklyn College, Kings Plaza, and Marine Park. Public transportation options referenced include nearby B41, B9, and B82/B82-SBS bus service, as well as access to the 2/5 trains at Flatbush Avenue–Brooklyn College and the B/Q trains at Kings Highway.
For end users and investors, the internal separation between units and basement access may support a variety of live-in-and-rent scenarios, depending on tenancy status and buyer due diligence. Buyers should factor in the explicitly limited access conditions and the as-is sales terms when planning inspections and valuation.
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
