Welcome to 463 East 38th Street, a solid brick 3-family income producer offering immediate cash flow on day one. Generating a strong $8,300 in gross monthly rent ($99,600/year), this turn-key asset is an ideal addition to any investor’s portfolio or a smart choice for an owner-occupant looking to offset carrying costs.
Property Highlights:
Three Generous Units: Layout features an 8-bedroom, 3-bathroom configuration divided into three spacious apartments (3BR / 3BR / 2BR), each offering functional living spaces and solid natural light.
Strong Cash Flow: Fully occupied with a proven rental roll delivering $8,300 gross per month.
Turn-Key Management: Low-maintenance setup with steady tenants already in place.
Prime Location: Situated on a quiet residential block bordering Flatbush and Farragut. Convenient access to local shopping, dining along Church and Nostrand Avenues, Brooklyn College, and nearby transit options including the 2 and 5 subway lines at Newkirk Avenue or Beverly Road for an easy commute into Manhattan.
Financials, rent roll, and viewing arrangements are available upon request. Shown strictly by appointment.
Active
$1,095,000
463 E 38th St, Brooklyn, NY 11203
8beds
--sqft
Multi Family
Built in 2006
-- sqft lot
$1,103,700 Zestimate®
$--/sqft
$-- HOA
What's special
Solid natural lightFunctional living spacesThree spacious apartmentsQuiet residential block
- 22 days
- 500
- 16
Zillow last checked:
Listing updated:
Listed by:
Reavis 646-247-8017,
Yitzchak Khaimov
Source: StreetEasy,MLS#: S1844634
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Central Air
Appliances
- Included: Dishwasher
Features
- Flooring: Hardwood
- Has fireplace: No
Property
Details
- Parcel number: 049380028
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 2006
Community & HOA
Community
- Subdivision: Farragut
Location
- Region: Brooklyn
Financial & listing details
- Tax assessed value: $987,000
- Annual tax amount: $8,832
- Date on market: 9/2/2026
Estimated market value
$1,103,700
$1.05M - $1.16M
$3,866/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Listed for sale | $1,095,000+94.5% |
Source: StreetEasy #S1844634 Report a problem | ||
| 8/16/2018 | Sold | $563,000-21.1% |
Source:  OneKey® MLS as distributed by MLS GRID #L3019693 Report a problem | ||
| 10/26/2006 | Sold | $714,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,832 +4.7% | $59,220 +26.5% |
| 2024 | $8,434 | $46,800 -18.5% |
| 2023 | -- | $57,420 -8.8% |
| 2022 | -- | $62,940 +29.5% |
| 2021 | -- | $48,600 +3.7% |
| 2020 | $7,555 +6.3% | $46,860 |
| 2019 | $7,110 -2.7% | $46,860 +34.1% |
| 2018 | $7,311 +8.8% | $34,947 +6% |
| 2017 | $6,721 +16.3% | $32,970 +6% |
| 2016 | $5,779 | $31,104 +0.6% |
| 2015 | $5,779 +160.9% | $30,909 +6% |
| 2014 | $2,215 | $29,160 +0.1% |
| 2013 | -- | $29,123 +6% |
| 2012 | -- | $27,475 +6% |
| 2011 | -- | $25,920 -7.3% |
| 2010 | -- | $27,960 -9.7% |
| 2009 | -- | $30,960 -2.7% |
| 2008 | -- | $31,824 +1.1% |
| 2007 | -- | $31,472 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: East Flatbush
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