Brick Two-Family
For Sale
$1,589,888
122 28th Avenue, Brooklyn, NY 11214
Residential Income, Brooklyn, NY
Property Size3,318 SF
Lot Size0.05 Acres
Price / SF$479.17
Days on Market961
Property Features for 122 28th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-5
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 2
Parking features
Off Street
Basement
Full, Unfinished
Lot features
Back Yard
Subdivision
Bath Beach
Standard status
Active
APN
06915-0019
Size
3,318 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10834
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Amenities
skylights
terrace
Building Details
Year built
1965
Floors in Building
3
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Monique P Tufano · License #MT0132
(917) 509-0624
Added: Feb 23, 2024
Changed: Oct 8
Last Checked: Oct 11 at 11:06AM
MLS# 2400994
Copyright © 2026 Staten Island Board of Realtors. 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.
This 3,318-square-foot two-family duplex was built in 1965 with brick construction and a Colonial design. The main residence includes four bedrooms, two bathrooms, a living and dining combination, kitchen, hardwood floors, basement access, and a garage. The upper apartment offers three bedrooms, two bathrooms, a living and dining combination, kitchen, hardwood floors, skylights, and terrace access. Ground-level split-level bonus rooms include a full bathroom, while the attic adds storage capacity. The property is offered as-is and includes natural gas hot-water heating, public sewer service, and off-street parking.
The 0.0466-acre property is located at 122 28th Avenue in Brooklyn, NY 11214. Train service, express bus transportation, and shopping are each identified one block from the home. R-5 zoning applies.
The 0.0466-acre property is located at 122 28th Avenue in Brooklyn, NY 11214. Train service, express bus transportation, and shopping are each identified one block from the home. R-5 zoning applies.
Key Highlights
- Two‑family duplex with 7 total bedrooms and 3,318 square feet
- Built in 1965 with brick construction and Colonial architectural style
- Main unit has 4 bedrooms and 2 bathrooms; upper unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,498
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,809,960
$1.8M
Cap Rate 7%
$1,292,829
$1.3M
Cap Rate 9%
$1,005,533
$1.0M
Market Conditions
NOI Build-Up for 3,318 SF
Gross rent
$135.4K $40.80/SF
− Vacancy
−$6.1K −$1.84/SF
EGI
$129.3K $38.96/SF
− OpEx
−$38.8K −$11.69/SF
NOI
$90.5K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,809,960
Cap Rate 7%
$1,292,829
Cap Rate 9%
$1,005,533
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,498 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,107 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,489 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide split-level layouts, separate entries, garage access, and additional basement and attic storage.
Where is this duplex located?
The property is located at 122 28th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,589,888.
What are key features of this property?
This property features: Two‑family duplex with 7 total bedrooms and 3,318 square feet; Built in 1965 with brick construction and Colonial architectural style; Main unit has 4 bedrooms and 2 bathrooms; upper unit has 3 bedrooms and 2 bathrooms
