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New York Brooklyn 11235 Brighton Beach
38 Brighton 1st Walk
Photo of 38 Brighton 1st Walk
Sold on Jul 9, 2025

23

Map

Photo of 38 Brighton 1st Walk
Photo of 38 Brighton 1st Walk
$550,000
● House - Off Market

38 Brighton 1st Walk

New York, NY 11235
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,015 Ft²
$3,378
Est. Monthly
10.19%
Cap Rate

About This Property

Located within the walks of Brighton Beach, this 3 bedroom, 1-bathroom ranch offers incredible potential for the right buyer with an unbeatable location. The 4th bedroom was turned into a walk-in closet, but could easily be converted back.  Nestled just steps from the iconic Brighton Beach boardwalk, you'll enjoy quick access to the beach and the vibrant energy of Coney Island. The home features a full basement, and this property is ready to be transformed into your ideal beachside retreat.

If you've been searching for a home in one of Brooklyn's dynamic neighborhoods, this is your opportunity. Whether you're strolling along the beach,  experiencing the local dining and shopping, or enjoying the convenience of nearby public transportation, this neighborhood has it all.
Unit Size
1,015 Ft²
Days on Market
167 days
Land Size
0.04 acres
Price per sqft
$591
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (OneKey MLS #KEY816610)

Price History

Date / Event Date Event Price
Jul 9, 2025 Sold
Premium
Sold
May 7, 2025 In contract -
In contract
Jan 23, 2025 Listed by Real Broker NY LLC $599,999
Listed by Real Broker NY LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Building Count: 1
  • Floor Count: 2
  • Total Unit Count: 1
  • Residential Unit Count: 1
  • Basement Type: 2

    Dimensions

  • Lot Area Sqft: 1,800
  • Lot Size Depth Feet: 45
  • Lot Size Frontage Feet: 40
  • Building Depth: 29
  • Building Frontage: 21
  • Gross Building Area: 1,015

    Building Floor Area

  • Residential Building Floor Area: 1,015

    Floor Area Ratio

  • Built Floor Area Ratio: 1
  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 5

Building

  • Building Type: A2
  • Lot Type: 3
  • Land Use: 01
  • Irregular Lot Code: N
  • Proximity Code: 1
  • Extension Code: N

Neighborhood

  • Community District: 313
  • City Council District: 48
  • Police Precinct: 60
  • Fire Company: E245
  • Health Area: 9110
  • Sanitation District Borough: 3
  • Sanitation Subsection: 2A
  • School District: 21

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6
  • Special Purpose District 1: OP

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 8671
  • Lot: 88
  • Borough Block Lot: 3086710088

    Address

  • Full Address: 38 Brighton 1 Walk
  • Zip Code: 11235

Valuation

    Assessments Valuation

  • Assessed Total Value: $42,420
  • Assessed Land Value: $10,860

    Exemptions

  • Exempt Total Value: $1,440
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southern Brooklyn

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$553

Below Asking

0.02%

Average Days on Market

121

Average Home Size

1254 ft²

Average Home Age

64 years

Currently For Sale

190 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 532 Neptune Avenue, BROOKLYN, NY, 11224

$5,275 /mo

  • 3 Beds
  • 1 Bath
532 Neptune Avenue #114C, BROOKLYN, NY, 11224 Listing by Adrian Almodoval

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 38 Brighton 1st Walk built and last sold?
The property at 38 Brighton 1st Walk was built in 1910 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 38 Brighton 1st Walk is $606,932.
What are some comparable homes to 38 Brighton 1st Walk?
There are currently no comparable homes to 38 Brighton 1st Walk.
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