38 Douglass Street

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Address: 38 Douglass St, Brooklyn, NY 11231, USA
New York & Tri-State + Apartment Buildings
Created date: June 11, 2026
Date last updated: October 6, 2026
Price: $3,995,000Investment Analyzer NEW!

Property Description

OPEN HOUSES ARE ALL BY APPOINTMENT ONLY! Positioned on a picturesque, tree-lined townhouse block in Cobble Hill, 38 Douglass Street is a 22'4"" wide three-family townhouse set on a 25' x 100' lot, offering approximately 2,350 square feet of additional buildable FAR. The property presents a compelling opportunity defined by its scale, width, and underlying potential. Whether you're envisioning a fully customized single-family residence, a ground-up boutique condominium development, or a strong income-producing asset, the flexibility here is exceptional, with the property able to be delivered vacant. The existing home features original wide plank hardwood floors throughout much of the residence and enjoys a stunning south-facing yard, offering light and outdoor space rarely found in properties of this kind. Located between Court and Smith Streets, you're surrounded by some of Brooklyn's best restaurants, shopping, and everyday conveniences. Not only is this one of the most prime locations in Brooklyn, but it stands among the most desirable in all of New York City. Combined with close proximity to some of the area's most sought-after schools, the setting further enhances both lifestyle and long-term value. Please note that the parlor and garden duplex photographs have been digitally altered to remove the current tenants' belongings. All prospective purchasers should consult with their architect or other professionals to verify buildable square footage and explore the full extent of development potential.

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,995,000
Lot Size: 2,918.00 Sq ft
Opportunity Zone: No
Number of Bedrooms: 5
Number of Bathrooms: 4
Address: 38 Douglass Street, Brooklyn, NY 11231, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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