Mint Condition Single-Family
693 E 38th Street Brooklyn, NY 11203
New
For Sale
$789,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,881 SF
Lot Size0.04 Acres
Price / SF$419.46
Days on Market2
Property Features for 693 E 38th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
- Patio and Porch features
- Porch
- Interior features
- Garage Door Opener(s), Laundry Area, Microwave, Porch, Refrigerator, Stove, Washer
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 1,881 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6318
Building Details
- Year built
- 1940
- Flooring type
- Hardwood, Ceramic
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Welchs Int'nl Realty Group Inc
(347) 880-3680
Listed By:
Everton Welch
(347) 880-3680
Added: Jul 23
Last Checked: Jul 24 at 4:06AM
MLS# 503265
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 single-family home is presented in “mint condition,” with the seller noting it is priced for a quick sale. The property offers 1,881 square feet of space.
The home is located at 693 E 38th Street in Brooklyn, New York 11203. Zoning is listed as R4.
For buyers seeking a move-in-ready single-family residence in an R4 zoning area, this property’s current condition and clearly defined size may be a practical fit to review.
The home is located at 693 E 38th Street in Brooklyn, New York 11203. Zoning is listed as R4.
For buyers seeking a move-in-ready single-family residence in an R4 zoning area, this property’s current condition and clearly defined size may be a practical fit to review.
Key Highlights
- Brick single‑family home built in 1940
- Hardwood and ceramic flooring
- Includes garage door opener
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 | $95.9k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $94.1k | $50.03 |
| − OpEx | −$28.2k | −$15.01 |
| NOI | $65.9k | $35.02 |
1,881 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$941.1K
$823.5K – $1.10M
NOI $65,876 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$820.4K
$717.8K – $957.1K
NOI $57,425 @ 7.0% cap · market cap 7.28%
Theoretical Best
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $109,023 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-kept single-family property in Brooklyn zoned R4, offered for sale with 1,881 square feet.
Where is this duplex located?
The property is located at 693 E 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Brick single‑family home built in 1940; Hardwood and ceramic flooring; Includes garage door opener
