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635 E 38th Street, Brooklyn, photo 1
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635 E 38th Street

$1,550,000

Est. $8,591/mo

Brooklyn, NY 11203 · Brooklyn

Beds
8
Baths
3
Status
Active
On site
Today

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About this home

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 with YourHomeSold Guaranteed Realty · George Ockovic · Source: OneKey MLS

One Key MLS

Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Oct 23, 2026, 7:07 AM ET. ©2026 One Key MLS.

Estimate your monthly payment

Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and private mortgage insurance.

$8,590.64Total / mo

Estimated monthly payment

Principal & interest
$7,634.89(88.9%)
Taxes
$755.75(8.8%)
Insurance
$200.00(2.3%)

Representative rates

Representative rates only, indicative for comparison. Edit the interest rate for your own quote; your lender’s numbers vary with credit, points, and insurance.

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Market insights

The market around Brooklyn, NY

Current listings

New in the last 30 days

238

Oct 2026

Average price

Active listings

$1,304,616

Oct 2026

Average days on market

Active listings

179 days

Oct 2026

Computed from 1,578 active OneKey MLS listings in Brooklyn, NY.

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