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54 CORBIN Place
About This Property
2-Car Parking, Massive Backyard, and Close Proximity to Sheepshead Bay and Brighton and Manhattan Beaches.
54 Corbin Place is a spacious two-family house brimming with possibilities as a primary residence, investment property, or development opportunity. This property is being sold in "as is condition" and needs a total gut renovation. Feel free to bring your architect or contractor with you.
Potential end uses include a luxurious single-family home or a live-and-rent multi-family property. With 4,200 of buildable square feet, the property can also be converted to a multi-unit boutique with up to six separate units. Please reach out to architect Selim Vural at Studio Vural for more information on potential build out.
Situated on a huge corner lot, the property boasts a massive backyard, a side yard, and a timeless redbrick facade marked by charming architectural features. A private driveway and sunken garage offer parking for up to 2 cars.
This is a legal two family currently being used as a single-family residence, the home spans three floors with bright interiors, 5 bedrooms, and 2.5 bathrooms. Interiors span 1,965 square feet and come with original oak floors.
On the main level, a welcoming front porch and foyer open to an elegant hall with a powder room. Past a formal living room is a windowed kitchen and dining area leading out to a rear deck overlooking the backyard.
On the upper level are three bedrooms and a full bathroom, while the lower level contains a laundry room, full bathroom, and two additional bedrooms. The 3,331-square-foot backyard awaits as a future garden oasis with mature trees, lush plantings, and plenty of space for a patio, grill, play area, and more.
54 Corbin Place allows easy access by car to the Belt Parkway, Coney Island Beach, Rockaway Beach, and Marine Park. The B and Q subway lines are a few blocks away.
Please reach out directly to us for a private today! Open houses are by appointment only.
All offers must come with proof of funds to be considered.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2025 | Sold | ||
| Sold | |||
| Oct 29, 2024 | Listed by Serhant | $1,195,000 | |
| Listed by Serhant | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017