Two-Family Split-Level
122 28th Avenue Brooklyn, NY 11214
For Sale
$1,589,888
Two-family home with separate split-level layouts, multiple bedrooms, and garage plus basement access for income-focused buyers.
Property Size3,318 SF
Price / SF$479.17
Days on Market936
Property Features for 122 28th Avenue
General Information
- Standard status
- Active
- Size
- 3,318 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1965
Listing Agency:
Robert Defalco Realty
(718) 987-7900
Listed By:
Monique Tufano · License #MT0132
(718) 987-7900
Source:
Compass
Added: Dec 31, 2023
Changed: Jul 10
Last Checked: Jul 23 at 8:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert Defalco Realty
Investment Insights
Based on property information with market context.
This two-family split-level home is offered as-is and features a front-to-back garage with door access to the ground-floor bonus rooms. The ground level includes a split-level bonus area with access to the yard, along with utility and laundry hookups.
The second level has a main unit entered from the left front door. It includes a four-bedroom split-level layout with a living/dining combination, kitchen, hall closet, and a half bath in the master bedroom. From the living areas, the arrangement steps up to the master bedroom, then down to a third bedroom, with a full bath and linen closet on the same level.
The third level is accessed from the right front door and provides a separate three-bedroom split-level apartment. This layout includes a living/dining combination, a kitchen with a skylight, a front bedroom with door access to a terrace, and a master bedroom with a half bath, along with an additional bedroom with a skylight. The home also includes an unfinished basement, a garage, hardwood floors throughout, and attic storage space in the top unit.
The second level has a main unit entered from the left front door. It includes a four-bedroom split-level layout with a living/dining combination, kitchen, hall closet, and a half bath in the master bedroom. From the living areas, the arrangement steps up to the master bedroom, then down to a third bedroom, with a full bath and linen closet on the same level.
The third level is accessed from the right front door and provides a separate three-bedroom split-level apartment. This layout includes a living/dining combination, a kitchen with a skylight, a front bedroom with door access to a terrace, and a master bedroom with a half bath, along with an additional bedroom with a skylight. The home also includes an unfinished basement, a garage, hardwood floors throughout, and attic storage space in the top unit.
Key Highlights
- Two‑family colonial built in 1965 with brick exterior and 200‑amp electric service
- Hardwood floors and tile flooring throughout; poured concrete foundation
- Full unfinished basement with access from the main level, plus basement amenities included
Financial Insights For Multifamily LT 5
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 | $135.4k | $40.80 |
| − Vacancy | −$6.1k | −$1.84 |
| EGI | $129.3k | $38.96 |
| − OpEx | −$38.8k | −$11.69 |
| NOI | $90.5k | $27.27 |
3,318 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family home with separate split-level layouts, multiple bedrooms, and garage plus basement access for income-focused buyers.
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 colonial built in 1965 with brick exterior and 200‑amp electric service; Hardwood floors and tile flooring throughout; poured concrete foundation; Full unfinished basement with access from the main level, plus basement amenities included
