Renovated Two-Family Brick
2438 E 27th Street Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property size:
2,024 SFLot size:
0.05 AcresPrice / SF:
$518/SF- Added:
- Jun 29, 2026
- Days on Market:
- 12
- Last Refresh:
- Jul 10 at 2:06 am
Property Features for 2438 E 27th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3
- Parking features
- Garage
- Interior features
- Dryer, Laundry Area, Refrigerator, Stove, Washer
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,024 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8872
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Ping Chen (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Jun 29, 2026
MLS# 502600
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.
This renovated brick two-family home at 2438 E 27th Street is designed for flexible living and day-to-day convenience. The first-floor unit includes a living room, dining area, updated kitchen, one bedroom, a full bathroom, and direct access to the private backyard. The second-floor unit features a sun-filled living room, formal dining room, modern kitchen, two bedrooms, an additional home office, and a full bathroom.
A fully finished, newly renovated basement adds substantial extra space, including a large recreation room, laundry area, and a three-quarter bathroom, along with a separate entrance. Interior updates are paired with split-unit air conditioning systems throughout, built-in front garage parking, and a private driveway. The property sits in an R4 zoning setting, and the home is located with easy access to Avenue U and Kings Highway, plus nearby daily necessities and services.
For tenants or owner-occupants, the layout supports separate upstairs and main-level living, with additional basement space that can be used as recreation, work, or storage. For buyers, the configuration offers multiple enclosed living areas, with the basement’s separate entry providing practical flexibility to accommodate different household needs.
A fully finished, newly renovated basement adds substantial extra space, including a large recreation room, laundry area, and a three-quarter bathroom, along with a separate entrance. Interior updates are paired with split-unit air conditioning systems throughout, built-in front garage parking, and a private driveway. The property sits in an R4 zoning setting, and the home is located with easy access to Avenue U and Kings Highway, plus nearby daily necessities and services.
For tenants or owner-occupants, the layout supports separate upstairs and main-level living, with additional basement space that can be used as recreation, work, or storage. For buyers, the configuration offers multiple enclosed living areas, with the basement’s separate entry providing practical flexibility to accommodate different household needs.
Key Highlights
- Renovated brick 2‑family home with split‑unit air conditioning systems throughout
- Built in 1940 with hardwood and tile flooring and flat roof
- First‑floor unit includes living room, dining area, updated kitchen, 1 bedroom, full bath, and direct access to the private backyard
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 | $103.2k | $51.00 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $101.3k | $50.03 |
| − OpEx | −$30.4k | −$15.01 |
| NOI | $70.9k | $35.02 |
2,024 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.1K – $1.18M
NOI $70,884 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$882.7K
$772.4K – $1.03M
NOI $61,791 @ 7.0% cap · market cap 5.89%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,311 @ 7.0% cap · market cap 11.18%
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 - Renovated two-family brick residence with split-unit A/C, separate basement entrance, and private driveway parking.
Where is this duplex located?
The property is located at 2438 E 27th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Renovated brick 2‑family home with split‑unit air conditioning systems throughout; Built in 1940 with hardwood and tile flooring and flat roof; First‑floor unit includes living room, dining area, updated kitchen, 1 bedroom, full bath, and direct access to the private backyard
