Duplex with Private
New
For Sale
$1,150,000
38 Corbin Place, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size1,877 SF
Lot Size0.06 Acres
Price / SF$612.68
Days on Market1
Property Features for 38 Corbin Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Patio and Porch features
Deck, Patio, Porch
Interior features
A/C Unit - Window, Deck, Dishwasher, Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer
Subdivision
Brighton Beach
Standard status
Active
Size
1,877 SF
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
9900
Amenities
private backyard
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile, Hardwood, Linoleum
Building materials
Brick
Roof type
Asphalt, Shingle
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Vadim Blinov
(718) 612-3088
Added: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 505576
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 brick duplex contains two apartments, each arranged with two bedrooms and one bathroom. The building offers 1,877 square feet of property space on a 0.0623-acre lot and dates to 1940. A private backyard, deck, patio, and porch provide outdoor areas. Interior features include window air conditioning, a laundry area, and a dishwasher. The property is tenant-occupied and may also be delivered vacant.
The home is in Brooklyn near Brighton Beach and Manhattan Beach, with shopping, restaurants, educational options, and public transportation in the surrounding area.
The home is in Brooklyn near Brighton Beach and Manhattan Beach, with shopping, restaurants, educational options, and public transportation in the surrounding area.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,877 square feet on a 0.0623‑acre lot
- Brick construction; built in 1940
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,838
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have two bedrooms and one bathroom, with a layout suited to conventional residential occupancy.
Where is this duplex located?
The property is located at 38 Corbin Place 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; 1,877 square feet on a 0.0623‑acre lot; Brick construction; built in 1940
