1168 E 38Th St Brooklyn, NY 11210
For Sale
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READ ME IN MY ENTIRETY- Opportunity for investors or end users seeking a 2-family property with upside in a convenient Flatlands/Brooklyn location. This property features a 3-bedroom-over-2-bedroom layout with a finished basement, interior vestibule/common hallway, and separate interior access points to the first-floor unit, second-floor unit, and basement. The basement provides access to the rear yard. The second-floor owner’s bedroom is to be delivered vacant; two additional second-floor bedrooms are currently not accessible due to non-cooperative occupants. The first-floor unit is also currently not accessible due to a non-cooperative tenant. Property is being sold strictly as-is and buyers must be willing to proceed with limited access for showings, inspections, and appraisal purposes. Layout may allow future owner-occupancy on either level while maintaining basement access, subject to tenancy status and buyer due diligence. Oil heat. Conveniently located near Flatbush Avenue, Avenue K, Kings Highway, Brooklyn College, Kings Plaza, Marine Park, local shopping, schools, restaurants, and multiple transportation options including nearby B41, B9, B82/B82-SBS bus service, plus access to the 2/5 trains at Flatbush Avenue-Brooklyn College and the B/Q trains at Kings Highway. SOLD AS IS WITH TENANTS PREVIOSLY MENTIONED - NO ACCESS TO THOSE AREAS MENTIONED FOR APPRAISALS OR SHOWINGS. bikeScore: 64, Bikeable walkScore: 80, Very Walkable transitScore: 79, Excellent Transit
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.