Sold on 6/20/2024 for $1,700,000
1169 38TH Street
MLS® #RLS10972567
Listing by Corcoran Group
6
Bedrooms
3
Baths
3,500
Sq. Ft.
1899
Year Built
Quick Summary
Property Highlights
- Views: Other
- Character: Pre-war building (1899)
Property Details
Description
Beautiful "Brooklyn-Chic" Legal 3 Family Investment Property for Sale. Over a decade ago I was introduced to this building by the two young men who had bought and renovated it. They were proud of their work. They should have been, as I was amazed. Before me were three large, beautifully crafted, eclectically nuanced units boasting very high ceilings, open designs, and roomy bedrooms, with copious exposed brick mixed with preserved original detail. The area was not well known at the time, so I suggested they hold off selling. Fast forward to today, all of their brilliant work has survived and is ready for a public that now appreciates the location. 1169 38th Street, on the border of Borough Park and Kensington, boasts three legal units of over 1000 sq ft, each with ceilings approaching 10 feet, exposed brick, original woodwork, well-designed kitchens and baths, and two roomy bedrooms. The garden unit has access to a beautiful back yard plus a rec room in the basement. The building mechanicals have been impeccably maintained, with 100 amps for each apartment, a laundry room for the tenants, a brand new hot water heater, and a recently installed boiler. Each of the tenants have enjoyed the building for years; the top floor tenant is leaving after a decade, the garden floor tenant has been in residency for six years, and the second floor tenant has been there for three. This is a prize opportunity for an investor to capitalize on a pristine treasure of a building that has stood the test of time in a location just now blossoming with value. Or this may be the perfect opportunity for a new home owner seeking to defer the high costs of ownership through strong rental income. The top floor will be vacant!
Features & Amenities
Interior Features
Building Amenities
Building Information
Financial Details
About Borough Park
View All Borough Park ListingsBorough Park provides a emerging environment for those seeking space and value within New York City. The area is known for its historic atmosphere and a real estate market that features a blend of emerging cooperatives and traditional multi-family residences.
Borough Park Live Market Data
View NeighborhoodActive Listings
2
Median Asking Price
$2.86M
Median $/Sqft
$765
Avg Days on Market
N/A
New This Week
0
Price Reduced
50%
Sold (30 Days)
2
Median Sale Price
$1.15M
Live data from RLS at REBNY • Updated 2/16/26, 7:28 AM EST
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Location
1169 38TH Street, Borough Park, Kings County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
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Map & Location
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Listing Courtesy of Corcoran Group - Dan Brady
Listing Contact: (917) 202-5609
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RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 12:28 PM UTC