NOT LISTED FOR SALE

1116 38th St Brooklyn, NY 11218

Borough Park Neighborhood

Estimated Value: $1,407,000 - $1,976,000

6 Beds
2 Baths
2,172 Sq Ft
$771/Sq Ft Est. Value

Sale Details

Date Sold: May 31, 2023

Last sale price $1,375,000 $633 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $9,573 / mo

59 Days on Market

Highlights

  • Pre War Building
  • Building Patio
  • Patio
  • P.S. 230 Doris L Cohen Rated A-

About This Home

As of May 2023

Welcome to this newly listed home which features three levels and a full basement. The basement is equipped with ingress and egress options. Home offers a front patio, outdoor deck off the 2nd level in addition to giving access from the 1st floor and basement to a spacious backyard. This two family home situated in Borough Park is conveniently located in close proximity to the 'D' train line as well as the B16, B35 and B70 bus lines.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • 1,903

Home Design

  • Pre War Building

Interior Spaces

  • 2,172 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Lot Dimensions are 20.0 x 95.0

Community Details

  • Borough Park Subdivision
  • Building Patio

Listing and Financial Details

  • Legal Lot and Block 39 / 5290

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

1,903 Acres

Listing Details

  • Cross Street: Fort Hamilton Parkway/12th Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Borough Park
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 2172.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 6

Exterior Features

  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 95.0

Building Info

  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 5290
  • Tax Lot: 39

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2022
Closed on
May 31, 2023
Sold by
Bought by
List Price
$1,350,000
Sold Price
$1,375,000
Premium/Discount to List
$25,000
1.85%
Views
137
Current Estimated Value
$1,675,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,484
Avg. Annual Appreciation
6.67%
Original Mortgage
$1,100,000
Outstanding Balance
$1,061,308
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$614,176

Purchase Details

Closed on
Apr 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2000
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,375,000 --
$280,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,100,000
Previous Owner $210,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $1,375,000 +1.9% $633 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
11/21/2022 11/21/22 For Sale $1,350,000 -- $622 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $6,491 $105,360 $22,980 $82,380
2025 $6,131 $98,580 $22,980 $75,600
2024 $6,131 $81,240 $22,980 $58,260
2023 $6,141 $82,560 $22,980 $59,580
2022 $4,275 $73,440 $22,980 $50,460
2021 $5,670 $67,260 $22,980 $44,280
2020 $2,817 $69,780 $22,980 $46,800
2019 $5,321 $55,980 $22,980 $33,000
2018 $5,136 $25,197 $10,570 $14,627
2017 $4,851 $23,796 $12,217 $11,579
2016 $4,488 $22,450 $10,188 $12,262
2015 $2,488 $22,442 $13,284 $9,158
2014 $2,488 $21,198 $15,065 $6,133
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10857175

Real Estate Board of New York (REBNY)

APN: 05290-0039

New York Kings County Brooklyn 11218 Borough Park

1116 38th St, Brooklyn, NY

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.

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