Duplex with Private
New
For Sale
$1,150,000
38 Corbin Pl, Brooklyn, NY 11235
Brick construction, on-site parking, and two separate apartments provide a defined residential configuration.
Property Size1,877 SF
Days on Market4
Property Features for 38 Corbin Pl
General Information
Standard status
Active
Size
1,877 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$72,000
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,900
Amenities
private backyard
Building Details
Building Size
1,877 SF
Year Built
1940
Stories
2
Construction
brick
Listing Agency:
REMAX EDGE
Listed By:
Anna Soboleva · License #10401366828
(718) 612-3088
Source:
Elliman
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 26 at 5:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX EDGE
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Investment Insights
Based on property information with market context.
At 38 Corbin Place in Brooklyn, this brick duplex contains two apartments, each arranged with two bedrooms and one bathroom. A private backyard and parking are additional features, and the home was built in 1940. The property is tenant-occupied and may also be delivered vacant.
The residence is in an established neighborhood near Brighton Beach and Manhattan Beach, with shopping, restaurants, educational options, and public transportation in the surrounding area. WalkScore is 94, BikeScore is 69, and TransitScore is 78.
The residence is in an established neighborhood near Brighton Beach and Manhattan Beach, with shopping, restaurants, educational options, and public transportation in the surrounding area. WalkScore is 94, BikeScore is 69, and TransitScore is 78.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Brick construction; built in 1940
- Private backyard and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,736
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,720
$1.3M
Cap Rate 7%
$939,086
$939.1K
Cap Rate 9%
$730,400
$730.4K
Market Conditions
NOI Build-Up for 1,877 SF
Gross rent
$95.7K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$93.9K $50.03/SF
− OpEx
−$28.2K −$15.01/SF
NOI
$65.7K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,720
Cap Rate 7%
$939,086
Cap Rate 9%
$730,400
Alternative Uses
Best Use
Multifamily LT 5
$939.1K
$821.7K – $1.10M
NOI $65,736 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$818.6K
$716.3K – $955.1K
NOI $57,303 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,791 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick construction, on-site parking, and two separate apartments provide a defined residential configuration.
Where is this duplex located?
The property is located at 38 Corbin Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Brick construction; built in 1940; Private backyard and parking
