Turnkey Single-Family
2138 E 38th Street Brooklyn, NY 11234
2138 E 38th Street, Brooklyn, NY, 11234
$925,000
For Sale
$925,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,146 SF
Lot Size0.05 Acres
Price / SF$807.16
Days on Market56
Property Features for 2138 E 38th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
- Parking features
- Carport
- Interior features
- Central Air
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,146 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6143
Building Details
- Year built
- 1920
- Flooring type
- Hardwood
- Architectural style
- Other
Listing Agency
Real Broker NY LLC
(718) 256-4000
7610 13th Ave, Brooklyn, NY
Listed by
Thomas D'Alcamo Jr
(718) 269-4598
Added: May 26 Checked: Jul 20 at 5:06 am
MLS# 501747
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.
Beautiful fully gut-renovated 3-bedroom, 3-bathroom home designed for move-in readiness. The interior features radiant heated floors throughout, central air conditioning, brand-new windows, a new roof, and a new chimney. The open-concept main floor includes a spacious living and dining area, custom Andersen front windows, and a convenient half bath.
Upstairs, you’ll find three bedrooms, including a primary suite with vaulted ceilings and skylights. The fully finished basement adds a 3/4 bathroom along with abundant storage space.
Outside, the home offers a large backyard with new sliding doors, plus a front carport for easy parking. The property is described as turnkey with high-end finishes throughout.
Upstairs, you’ll find three bedrooms, including a primary suite with vaulted ceilings and skylights. The fully finished basement adds a 3/4 bathroom along with abundant storage space.
Outside, the home offers a large backyard with new sliding doors, plus a front carport for easy parking. The property is described as turnkey with high-end finishes throughout.
Key Highlights
- Fully gut‑renovated 3‑bedroom, 3‑bath home with radiant heated floors throughout
- Central air conditioning plus brand‑new windows, new roof, and a new chimney
- Open‑concept living and dining area with custom Andersen front windows and a half bath on the main floor
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 | $58.4k | $51.00 |
| − Vacancy | −$1.1k | −$0.97 |
| EGI | $57.3k | $50.03 |
| − OpEx | −$17.2k | −$15.01 |
| NOI | $40.1k | $35.02 |
1,146 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$573.4K
$501.7K – $668.9K
NOI $40,135 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$499.8K
$437.3K – $583.1K
NOI $34,986 @ 7.0% cap · market cap 3.78%
Theoretical Best
Specialty Retail
$948.9K
$830.3K – $1.11M
NOI $66,422 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully gut-renovated 3-bedroom, 3-bath home with radiant heated floors, central air, and a finished basement.
Where is this duplex located?
The property is located at 2138 E 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Fully gut‑renovated 3‑bedroom, 3‑bath home with radiant heated floors throughout; Central air conditioning plus brand‑new windows, new roof, and a new chimney; Open‑concept living and dining area with custom Andersen front windows and a half bath on the main floor
