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635 E 38th Street, Brooklyn NY 11203
635 E 38th Street, Brooklyn NY 11203
New York>Brooklyn>East Flatbush

635 E 38th StreetBrooklyn, NY 11203

For Sale

$1,550,000

Smart Buyer Rebate $19,375

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.

Listed by George Ockovic

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YourHomeSold Guaranteed Realty

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518-441-8786

Last updated October 23, 2026

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Source: OneKey #1065148

Listing Facts

  • TypeMulti-family
  • NeighborhoodEast Flatbush
  • Bedrooms8
  • Bathrooms3
  • Days on Prevu8
  • Taxes$9,069.44/year

Amenities

  • Private Outdoor Space
  • Parking

Location

Mortgage Calculator

Listing History

10/23/2026
Status changed to Active
$1,550,000
10/23/2026
Listed by YourHomeSold Guaranteed Realty
$1,550,000
  1. 10/23/2026$1,550,000
    Status changed to Active
  2. 10/23/2026$1,550,000
    Listed by YourHomeSold Guaranteed Realty

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$15,500
Title Insurance
$6,975
Bank Attorney
$1,500
Mortgage Recording Tax
$23,870
Other Closing Costs
$4,000
Total
$55,845

Estimated closing costs are based on the list price of $1,550,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 635 E 38th Street

Exterior

Construction

  • Number Of Units Total: 3
  • Year Built: 1920
  • Construction Materials: Vinyl Siding

Features

  • Patio And Porch Features: Covered, Porch

Measurements

  • Building Area Total: 2,523
  • Building Area Units: Square Feet
  • Lot Features: Back Yard
  • Lot Size Acres: 0.11
  • Lot Size Square Feet: 5,000

Financial

Taxes

  • Parcel Number: 04972-0059
  • Tax Annual Amount: $9,069.44
  • Tax Assessed Value: $59,100.00
  • Tax Year: 2026

Interior

Features

  • Interior Features: First Floor Bedroom, First Floor Full Bath

Rooms

  • Basement: Finished, See Remarks, Walk-Out Access
  • Has Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 8

Parking

Parking

  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Driveway, Garage

Schools

Elementary School

  • Elementary School: Ps 198
  • Elementary School District: Brooklyn 22

High School

  • High School: Midwood High School
  • High School District: Brooklyn 22

Middle or Junior School

  • Middle Or Junior School: Andries Hudde
  • Middle Or Junior School District: Brooklyn 22

Utilities

Equipment

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 8 bedrooms and 3 bathrooms in this multi-family home at 635 E 38th Street.

What schools are nearby to 635 E 38th Street?

Nearby schools include the Ps 198 Elementary School, Andries Hudde Middle School, and Midwood High School.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 635 E 38th Street.

What are the annual taxes for 635 E 38th Street?

Annual taxes for this multi-family home are estimated at $9,069.

How does 635 E 38th Street compare to other multi-family homes in East Flatbush?

This multi-family home is listed 28% above the average price for multi-family homes in East Flatbush and has been on the market for 106 less days than the typical home in this area.

635 E 38th Street is a 8-bedroom, 3-bath multi-family home for sale in Brooklyn NY 11203. Available on Prevu for 8 days at $1,550,000. This residence is located in East Flatbush. The median listing price for multi-family homes in this area is $849,500. Nearby schools include Ps 198 Elementary School, Andries Hudde Middle School, and Midwood High School. Additional amenities include private outdoor space and parking. Explore more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.