Renovated Two-Family Home, Brighton
38 Corbin Pl, Brooklyn, NY 11235
Renovated two-family home near boardwalk, beaches, and subway.
Type:Multi Family
Property size:
1,877 SFPrice / SF:
$586/SF- Added:
- Apr 28, 2026
- Days on Market:
- 32
- Last Refresh:
- Apr 28 at 2:11 pm
Property Features for 38 Corbin Pl
General Information
- Standard status
- Active
- Size
- 1,877 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1940
Listing agent Emily Hui Chen-Liang (917) 708-9966
Listing office Tiger Realty (917) 708-9966
Listing date Apr 28, 2026
Source Elliman
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 Tiger Realty
HighLights
- Prime Brighton Beach location: Steps from the boardwalk, beaches, shopping, dining, and subway lines.
- Two‑family home: Ideal for generating rental income or multi‑generational living.
- Recently renovated: Modern updates throughout both units, move‑in ready condition.
- Private driveway/carport: A rare and valuable amenity in Brighton Beach.
- Spacious layout: Over 1,877 sq ft across two well‑designed units.
- Excellent Transit Score (80): Easy access to multiple subway lines.
Overview
This renovated two-family home is located in Brighton Beach, Brooklyn, offering over 1,877 sq ft across two units. The property is situated near the boardwalk, beaches, shopping, dining, and multiple subway lines. The first floor apartment features a living room, two bedrooms, an updated kitchen, a full bath, and a sunroom, with access to a laundry area and a private rear yard. The second floor unit includes a living room, dining area, and a new modern kitchen with cabinetry, along with two bedrooms. The property also features a private driveway/carport. This property offers investment potential in a beachside location.
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 | $95.7k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $93.9k | $50.03 |
| − OpEx | −$28.2k | −$15.01 |
| NOI | $65.7k | $35.02 |
1,877 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$939.1K
$821.7K – $1.10M
NOI $65,736 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$818.6K
$716.3K – $955.1K
NOI $57,303 @ 7.0% cap · market cap 5.21%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,791 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9552
- Latitude
- 40.581066
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Renovated two-family home near boardwalk, beaches, and subway.
Where is this duplex located?
The property is located at 38 Corbin Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime Brighton Beach location: Steps from the boardwalk, beaches, shopping, dining, and subway lines.; Two‑family home: Ideal for generating rental income or multi‑generational living.; Recently renovated: Modern updates throughout both units, move‑in ready condition.
