Renovated Duplex With Finished
For Sale
$819,000
214 E 38th Street, Brooklyn, NY 11203
Residential, Duplex, Brooklyn, NY
Property Size1,216 SF
Lot Size0.05 Acres
Price / SF$673.52
Days on Market60
Property Features for 214 E 38th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
r5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
Garage - Detached
Interior features
Dishwasher, Laundry Area, Microwave, Refrigerator, Stove
Basement
Finished
Subdivision
East Flatbush
Standard status
Active
Size
1,216 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5710
Amenities
garage
finished basement
laundry area
Building Details
Year built
1920
Floors in Building
2
Flooring type
Ceramic, Hardwood, Parquet Wood
Building materials
Wood Frame
Roof type
Flat
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Barbara Horan
(718) 612-3088
Added: Aug 18
Changed: Oct 14
Last Checked: Oct 16 at 6:06PM
MLS# 503876
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,216 square feet on a 0.0459-acre lot and was built in 1920. The interior includes three bedrooms, two full bathrooms, formal living and dining rooms, and an open kitchen with quartz countertops, stainless-steel appliances, a dishwasher, microwave, refrigerator, and stove. Parquet and hardwood flooring extend through the main living areas, while ceramic tile is used in other spaces. A finished basement adds tiled flooring, a 3/4 C/T bath, separate laundry area, and side entry.
The property includes a shared driveway and detached garage. It is located near transportation, shopping, restaurants, and Kings County Medical Center. The property is identified with R5 zoning and features wood-frame construction with a flat roof.
The property includes a shared driveway and detached garage. It is located near transportation, shopping, restaurants, and Kings County Medical Center. The property is identified with R5 zoning and features wood-frame construction with a flat roof.
Key Highlights
- 1,216‑square‑foot duplex on a 0.0459‑acre lot
- Three bedrooms and two full bathrooms
- Finished basement with 3/4 C/T bath, laundry area, and side entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,123
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,460
$742.5K
Cap Rate 7%
$530,329
$530.3K
Cap Rate 9%
$412,478
$412.5K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$68.9K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$67.5K $55.51/SF
− OpEx
−$30.4K −$24.98/SF
NOI
$37.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,460
Cap Rate 7%
$530,329
Cap Rate 9%
$412,478
Alternative Uses
Best Use
Apartment 5plus
$530.3K
$464.0K – $618.7K
NOI $37,123 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$881.0K – $1.17M
NOI $70,479 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,541
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Updated interiors include an open kitchen, formal living and dining rooms, and a finished basement.
Where is this single family property located?
The property is located at 214 E 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: 1,216‑square‑foot duplex on a 0.0459‑acre lot; Three bedrooms and two full bathrooms; Finished basement with 3/4 C/T bath, laundry area, and side entry
