635 E 38th St

Brooklyn, NY 11203
  • $1,550,000

    Price
  • 8

    Bed
  • 3

    Bath
  • 0.11

    Acre

About the Listing ERABES01 - 69352

Investment Opportunity – Vacant R4 Three-Family on Oversized Lot Excellent opportunity to own a vacant three-family property situated on an oversized R4 lot with a two-car garage, large driveway, and ample off-street parking. This property offers tremendous income potential, whether used strictly as an investment or as an owner-occupied home with rental income from the additional units. The first-floor unit features 3 bedrooms, a living room, dining room, and kitchen. The second unit is an oversized duplex offering 4 bedrooms and 2 bathrooms. The lower-level unit includes 1 bedroom. The home needs updating, but offers strong upside for investors, developers, or buyers looking to customize and add value. Additional income potential may be available through the two-car garage and spacious driveway, which can be rented separately. Architect comments are available upon request regarding potential development opportunities due to the property’s lot size. Buyer to perform due diligence regarding development possibilities, zoning, and permitted use.

Listing Highlights for 635 E 38th St

Status Active
Days on Site 4
Property Type Multi-Family
MLS ® 1065148
Year Built 1920
Lot/Acreage 0.11
School District Brooklyn 22
Elementary School Ps 198
Middle School Andries Hudde
High School Midwood High School

Interior Details

  • Bedrooms: 8
  • Bathrooms: 3 Full
  • Appliances:
  • Air Cond:
  • Heating: Natural Gas
  • Fireplaces: 0
  • Floor:
  • Basement: Finished,See Remarks,Walk-Out Access
  • Other: First Floor Bedroom,First Floor Full Bath
  • Water: Public

Exterior Details

  • Lot Description: Back Yard,No Waterfront
  • Garage Capacity: 2 car
  • Roof:
  • Others:
  • Sewer: Public Sewer
  • Parking Features: Driveway,Garage

Financial Details

  • Tax Amount: $9,069
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 04972-0059
  • Tax Year: N/A

Payment Calculator

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Listing Location

Questions About..

635 E 38th St Brooklyn, NY 11203

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Originating MLS: onekey2

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