136 Bay 38th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 16, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 21 at 1:06 pm
Property Features for 136 Bay 38th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 7, Bathroom 4, Bedroom 9, Bathroom 1, Bedroom 8, Bedroom 6, Bedroom 1
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 3,588 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 13724
Building Details
- Year built
- 1927
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Colonial
Listing agent XiaoBing (Icy) Zhang (718) 382-0001
Listing office Momentum Real Estate LLC 1703 86 Street, Brooklyn, NY (718) 382-0001
Listing date Jun 16, 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
- 4‑family home delivered completely vacant
- Three 2‑bedroom units, each with 1 full bathroom, plus one 3‑bedroom unit with 1 full bathroom
- Unfinished basement with potential for future use
- Brick exterior with Colonial architectural style
- Hardwood flooring
- Built in 1927 with a flat roof
Overview
Located in Brooklyn’s Bath Beach neighborhood, the property is described as close to transportation, shopping, restaurants, and schools, along with other everyday conveniences. The offering is for a single building on a relatively small lot, with the property size provided as 3,588 square feet.
For investors or owner-occupants, the unit mix offers a practical range of bedroom counts across the four apartments. With the building delivered vacant and move-in ready, the next owner can plan for immediate leasing or personal occupancy while considering potential uses for the unfinished basement space. The property’s residential income structure and current condition make it well suited for buyers seeking a turn-ready multi-family asset in Brooklyn’s Bath Beach area.
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 | $146.4k | $40.80 |
| − Vacancy | −$6.6k | −$1.84 |
| EGI | $139.8k | $38.96 |
| − OpEx | −$41.9k | −$11.69 |
| NOI | $97.9k | $27.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.99099
- Latitude
- 40.595787
