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NewLuxury

$1,550,000

8 days on market

635 E 38th Street

Brooklyn, NY 11203

· 8% down, 7% APR, 30yr fixed

8

Beds

3

Baths

—

Square feet

1920

Built

Listing narrative

Description

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 agent (MLS): George Ockovic · Listing brokerage (MLS): YourHomeSold Guaranteed Realty

Property Details

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Price

$1,550,000

Beds

8 bd

Type

Multi-Family

Home Size

Sqft n/a

Baths

3

Lot Size

0.11 acres

Year

1920

Status

New

Days on Market

8

· 8% down, 7% APR, 30yr fixed
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Courtesy of YourHomeSold Guaranteed Realty