176 28th Avenue Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
- Added:
- Dec 17, 2025
- Days on Market:
- 207
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 176 28th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 15
- Bathrooms
- 10
- Rooms
- Bathroom 10, Bathroom 2, Bathroom 5, Bathroom 6, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 8, Bedroom 6, Bedroom 9, Bedroom 4, Bathroom 9, Bathroom 1, Bedroom 13, Bedroom 10, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 15, Bedroom 14, Bedroom 7, Bathroom 7, Bedroom 8, Bedroom 12, Bedroom 11
- Interior features
- Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 52401
Building Details
- Year built
- 1965
- Floors in Building
- 3
- Number of units
- 9
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat, Rubber
Listing agent Billy Apter License #BEA5721 (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date Dec 17, 2025
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on a massive lot with dual private access points, the building’s setup supports straightforward everyday operations for residents and potential office users. The listing is positioned in Bath Beach, with convenient access to transportation and shopping.
For buyers considering owner-occupancy or mixed-use residential and professional space, the existing layout provides a practical blend of apartments and an office area that the remarks indicate is suitable for medical, daycare, or professional uses. With a fully detached structure and on-site parking, the property may also appeal to investors seeking a manageable on-site mix of income-generating units and an adaptable ground-level workspace. Zoning is listed as R5.
Key Highlights
- Fully detached solid brick 3‑story building built in 1965 with flat and rubber roof
- Large 72x97 lot with two private driveways and 8‑car parking area in the rear
- 9‑family building configured with 7 free‑market units plus six 2‑bedroom units and three 1‑bedroom units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $415.8k | $46.20 |
| − Vacancy | −$15.8k | −$1.76 |
| EGI | $400.0k | $44.44 |
| − OpEx | −$180.0k | −$20.00 |
| NOI | $220.0k | $24.44 |
