Brick Townhouse with Patio
138 Wakeman Place Brooklyn, NY 11220
138 Wakeman Place, Brooklyn, NY, 11220
$1,050,000
For Sale
$1,050,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,890 SF
Lot Size0.02 Acres
Price / SF$555.56
Days on Market126
Property Features for 138 Wakeman Place
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R3-2
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
- Parking features
- Garage
- Interior features
- Central Air, Fireplace, Refrigerator, Stove, Terrace, Washer
- Fireplace
- 1
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 1,890 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7113
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Flooring type
- Marble, Hardwood
- Roof type
- Rubber
- Architectural style
- Other
Listing Agency
RE/MAX Edge
(718) 612-3088
1812 Bath Ave, Brooklyn, NY
Listed by
Michelle J. Zhang
(718) 612-3088
Added: Mar 14 Checked: Jul 17 at 11:06 pm
MLS# 499641
Listing URL
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.
Charming brick townhouse in move-in-ready condition, offering an open-concept living and dining area with large windows, oak hardwood floors, high ceilings, and a cozy brick fireplace. The home includes a custom-designed kitchen with quality cabinetry, attractive countertops, and modern appliances. Upstairs, there are three generously sized bedrooms and two well-designed full bathrooms. Updates include central air and smart home features with a programmable thermostat and lighting control, plus an in-home washer and dryer. Mechanical improvements include a recently replaced boiler and a roof that is only a few years old. Outdoor space includes a private patio garden, with an additional community driveway and convenient basement access.
Located at 138 Wakeman Place in Brooklyn, NY 11220, the home is positioned on a quiet residential block while remaining minutes from transit, including the R train, and express bus service on X27 and X37 to Manhattan and the 69th Street Ferry.
A community park nearby (Owl’s Head Park) provides views and outdoor recreation, with schools, shopping, dining, and everyday conveniences described as being within a short distance.
Located at 138 Wakeman Place in Brooklyn, NY 11220, the home is positioned on a quiet residential block while remaining minutes from transit, including the R train, and express bus service on X27 and X37 to Manhattan and the 69th Street Ferry.
A community park nearby (Owl’s Head Park) provides views and outdoor recreation, with schools, shopping, dining, and everyday conveniences described as being within a short distance.
Key Highlights
- Brick townhouse built in 1940 with central air and hardwood flooring, plus a fireplace
- Open living and dining area with large windows, high ceilings, and marble and hardwood floors
- Custom kitchen with modern appliances and includes refrigerator and stove
Local Financial Insights For Apartment 5plus
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 | $95.3k | $50.40 |
| − Vacancy | −$3.6k | −$1.92 |
| EGI | $91.6k | $48.48 |
| − OpEx | −$41.2k | −$21.82 |
| NOI | $50.4k | $26.67 |
1,890 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$720.0K
$630.0K – $840.0K
NOI $50,400 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,767 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Well-maintained brick townhouse with three bedrooms, two full baths, central air, and an in-home washer and dryer.
Where is this single family property located?
The property is located at 138 Wakeman Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Brick townhouse built in 1940 with central air and hardwood flooring, plus a fireplace; Open living and dining area with large windows, high ceilings, and marble and hardwood floors; Custom kitchen with modern appliances and includes refrigerator and stove
