Brick Duplex with Detached
New
For Sale
$929,000
1548 E 38th Street, Brooklyn, NY 11234
SINGLE_FAMILY - Brooklyn, NY
Property Size1,444 SF
Lot Size0.05 Acres
Price / SF$643.35
Days on Market5
Property Features for 1548 E 38th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Garage - Detached
Interior features
A/C Unit - Wall, Dishwasher, Dryer, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Marine Park
Standard status
Active
Size
1,444 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8009
Building Details
Year built
1925
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Century 21 Homefront Realty
(718) 252-6060
Listed By:
Delton Cheng · License #31CH0928260
(718) 252-6060
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 6:06PM
MLS# 503282
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.
Semi-detached brick duplex offering three bedrooms with original hardwood floors and a warm, owner-occupied feel. The layout includes main living areas plus a separate entrance to a finished basement featuring a summer kitchen and a three-quarter bathroom, adding flexible space for recreation, entertaining, or extended living.
A wide shared driveway provides off-street parking and leads to a detached one-car garage. The private rear yard offers outdoor space for gardening and relaxing.
Built in 1925 on a 0.0465-acre lot, the home is positioned on a picturesque tree-lined mid-block. Indoor comforts and day-to-day convenience are supported by wall A/C and included appliances. For transportation access, it’s near the B7 and B82 bus lines along Kings Highway, and the B9 and B41 bus lines on Flatbush Avenue.
A wide shared driveway provides off-street parking and leads to a detached one-car garage. The private rear yard offers outdoor space for gardening and relaxing.
Built in 1925 on a 0.0465-acre lot, the home is positioned on a picturesque tree-lined mid-block. Indoor comforts and day-to-day convenience are supported by wall A/C and included appliances. For transportation access, it’s near the B7 and B82 bus lines along Kings Highway, and the B9 and B41 bus lines on Flatbush Avenue.
Key Highlights
- 0.0465‑acre lot with a 1,444 SF property built in 1925
- Semi‑detached brick duplex with original hardwood floors
- Three bedrooms and a separate entrance to a finished basement
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 | $73.6k | $51.00 |
| − Vacancy | −$1.4k | −$0.97 |
| EGI | $72.2k | $50.03 |
| − OpEx | −$21.7k | −$15.01 |
| NOI | $50.6k | $35.02 |
1,444 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$722.4K
$632.1K – $842.9K
NOI $50,571 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$629.8K
$551.1K – $734.7K
NOI $44,084 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.39M
NOI $83,694 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,456
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached brick duplex with hardwood floors, a finished basement, and off-street parking via a detached one-car garage.
Where is this duplex located?
The property is located at 1548 E 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: 0.0465‑acre lot with a 1,444 SF property built in 1925; Semi‑detached brick duplex with original hardwood floors; Three bedrooms and a separate entrance to a finished basement
