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    East New York Two-Family Townhouse

    388 Atkins Avenue Brooklyn, NY 11208

    Claim this Listing
    For Sale
    $849,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    3,000 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $283/SF
    Added:
    May 26, 2026
    Days on Market:
    48
    Last Refresh:
    Jul 12 at 5:06 am

    Property Features for 388 Atkins Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 5, Bedroom 4, Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
    Parking features
    On Street
    Interior features
    First Floor Bedroom, First Floor Full Bath, Original Details
    Basement
    Walk-Out Access
    Standard status
    Active
    APN
    04070-0047
    Size
    3,000 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    505

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Number of units
    2
    Building materials
    Brick

    Listing agent Gabriel Kashi

    Listing office Keystone Realty USA Corp 60 E Main St, E. Northport, NY

    Listing date May 26, 2026

    MLS# 1004823 Listing URL

    Copyright © 2026 OneKey MLS. 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.

    Located in East New York, Brooklyn, 388 Atkins Avenue is a two-family townhouse. The building, with dimensions of 20x50, is situated on a picturesque block. The property features over 3,000 sq ft of living space and retains original details. The configuration includes a 3-bedroom unit over a 2-bedroom unit, with a walk-out basement. The property is located close to Dumont Avenue, Blake Avenue, and Sutter Avenue, and is within a short distance of transportation options, schools, shopping centers, restaurants, and cafes. This property is suitable for primary home owners and investors.

    Key Highlights

    • Two‑family townhouse built in 1910 with brick construction
    • Over 3,000 sq ft of living space with original details throughout
    • Currently configured as 3‑bedroom over 2‑bedroom plus a walk‑out basement

    Local Financial Insights For Apartment 5plus

    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 $129.6k $43.20
    − Vacancy −$4.9k −$1.64
    EGI $124.7k $41.56
    − OpEx −$56.1k −$18.70
    NOI $68.6k $22.86
    3,000 SF · lease $43.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.10M
    $962.6K – $1.28M (±1% cap)
    NOI $77,011 @ 7.0% cap · market cap 9.07%
    Second Best
    Apartment 5plus
    $979.6K
    $857.1K – $1.14M (±1% cap)
    NOI $68,571 @ 7.0% cap · market cap 8.08%
    Theoretical Best
    Office A
    $1.84M
    $1.61M – $2.14M (±1% cap)
    NOI $128,494 @ 7.0% cap · market cap 15.13%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Dental Office Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Acupuncture Cafe & Coffee Shop Bar & Pub Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Two-family townhouse in East New York with original details.
    Where is this duplex located?
    The property is located at 388 Atkins Avenue Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Two‑family townhouse built in 1910 with brick construction; Over 3,000 sq ft of living space with original details throughout; Currently configured as 3‑bedroom over 2‑bedroom plus a walk‑out basement
    Contact an agent
    (347) 419-5268
    We can help!
    Contact an agent
    Gabriel Kashi
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