Natalia Choi
Call: (516) 660-5107
Text: (516) 660-5107
MLS#1065148
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBrooklyn 22
Property Description
Investment Opportunity - Vacant R4 Three-Family on Oversized LotExcellent 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, See Remarks, Walk-Out Access
Cooling: None
Garage: 2
Heating: Natural Gas
Lot Size: 0.11 Acres
Taxes: $9,069
Year Built: 1920
Amenities
First Floor Bedroom
First Floor Full Bath
Feature Descriptions
Attic: Finished
Building Area Total: 2523
Days on Site: 3
Exterior: Vinyl Siding
GarageY/N: Yes
Heating Units: 1
Heating Zones: 3
Lot Features: Back Yard
On Market Date: 2026-10-23
Parcel Number: 04972-0059
Parking Features: Driveway, Garage
Patio And Porch: Covered, Porch
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Tenant Pays: Electricity
Units: 3
Utilities: Cable Available, Electricity Connected, Natural Gas Connected
Water: Public
Local Schools
High School: Midwood High School
Middle School: Andries Hudde
Elementary School: Ps 198
School District: Brooklyn 22
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Estimated Payment
$ 4,657.46 per month $3,449.63 Principal & Interest $755.75 Property Tax $452.08 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: YourHomeSold Guaranteed Realty
Agency Phone: 718-684-2400
Shown By
Agent Name: Natalia Choi
Agent Phone: (516) 660-5107
Agency Title: Laffey Real Estate
635 E 38th Street | MLS# 1065148
This multi-family property located at 635 E 38th Street, Brooklyn, NY 11203 is currently listed for sale with an asking price of $1,550,000. E 38th Street is located within the Brooklyn 22 school district. Search Brooklyn real estate on nataliachoi.laffey.com today.