1862 37th Street
About this property
Attention investors, contractors, handymen looking for their next project! This 2-bedroom, 1-bath home in the heart of Marine Park offers a basement, shared driveway & is located in a convenient location close to shopping, transportation, parks, and everyday amenities. At full disclosure, house is completely destroyed from the inside, has previous water/animal damage & is unsafe to enter due to ceiling collapsing on the 1st floor. House is full & cleanout is the responsibility of the buyer. THIS IS A COMPLETE GUT RENOVATION JOB WITH STRUCTURAL ISSUES that need to be addressed. This is a **short sale** and is **subject to third-party approval by the bank**. The property is being sold **cash only**. **Drive-by access only** due to the property's condition. A great opportunity to renovate, invest, or create your dream home from the ground up.
Listing details
- Property Type
- Residential
- Sub-Type
- Single Family Residence
- Year Built
- 1920
- Living Area
- 994 sqft
- Lot Size
- 1,800 sqft
- County
- Kings (Brooklyn)
- MLS #
- KEY1028567
- Status
- Pending
Street view & aerial
Imagery © Google. Street View and satellite data may not reflect current property condition.
FMR for Brooklyn, NY 11234
FY2025 · Nassau-Suffolk HUD Metro FMR Area
All bedroom sizes — ZIP 11234
| Unit Size | Monthly FMR | Annual Gross |
|---|---|---|
| Studio | $1,900 | $22,800 |
| 1 Bedroom | $2,156 | $25,872 |
| 2 BedroomSubject | $2,640 | $31,680 |
| 3 Bedroom | $3,324 | $39,888 |
| 4 Bedroom | $3,683 | $44,196 |
Source: U.S. Department of Housing & Urban Development — Nassau-Suffolk HUD Metro FMR Area, FY2025. FMR represents the 40th-percentile gross rent under the Section 8 Housing Choice Voucher program. Market rents in stable Long Island submarkets typically run 110–130% of FMR.
Mortgage calculator
Principal & interest plus taxes, insurance, and HOA. Edit any field below.
Estimate only — actual payment depends on credit, loan program, escrow, PMI/MIP, and lender fees. Not a loan offer or commitment.
Where this property sits in the foreclosure process
New York is a judicial-foreclosure state. The full process typically runs 2.5–4+ years from first missed payment to recorded deed.
- Day 0 – Day 90Pre-foreclosure (RPAPL §1304 notice)
Lender sends the 90-day pre-foreclosure notice required by NY RPAPL §1304. Homeowners may request a workout, modification, or short sale during this window.
- Month 4 – Month 6Lis pendens & summons filed
Lender files a lis pendens and complaint in Nassau or Suffolk Supreme Court. Homeowner has 20–30 days to answer (or 60 if served outside NY).
- Month 6 – Month 18+Mandatory CPLR §3408 settlement conference
NY requires a settlement conference where various resolution paths — such as a repayment plan, deed in lieu, or short sale — may be discussed.
- Month 18 – Month 36+Judgment of foreclosure & sale
If unresolved, the court issues a Judgment of Foreclosure and Sale. A referee is appointed and an auction date is set (usually 60–90 days out).
- Month 24 – Month 48+Auction & post-sale eviction
Property is auctioned on the courthouse steps. After the deed transfers, the new owner must commence a separate RPAPL Article 7 holdover proceeding to recover possession.
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Questions about this listing
Is 1862 37th Street in Brooklyn still available?
Inventory changes daily. 1862 37th Street is currently listed as Pending in OneKey® MLS. Contact East End Luxury Ltd. at (516) 449-2783 for the most up-to-date status, including any pending offers, auction date, or short-sale lender response.
Can I tour a foreclosure or short sale on Long Island?
Yes. Most distressed properties on Long Island, the Hamptons, and East End are available for showings by appointment. We coordinate access with the listing brokerage, asset manager, or seller's attorney and can typically schedule a tour within 24–72 hours.
How do offers work on a short sale or REO listing?
Short sales require lender approval and typically take 60–120 days from accepted offer to closing. REO/bank-owned listings follow asset-manager addenda and usually close in 30–45 days. Cash offers and pre-approved buyers receive priority. We guide you through every step.
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Listing last updated: 08/20/2026, 04:58 PM ET
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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