Two-Family Residential
For Sale
$1,099,999
168 28th Avenue, Brooklyn, NY 11214
The configuration includes a four-bedroom unit and a two-bedroom apartment.
Property Size1,880 SF
Price / SF$585.11
Days on Market128
Property Features for 168 28th Avenue
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Residential Income
Zoning
R5
Units
Unit Mix
1 x 4BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,093
Amenities
Balcony
Building Details
Building Size
1,880 SF
Year Built
1930
Buildings
1
Units
2
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Njoek Kong Tjon · License #10401380276
Source:
Connieprofaci
Added: Jun 22
Changed: Oct 25
Last Checked: Oct 26 at 3:40AM
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 Ashford Homes LLC
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Investment Insights
Based on property information with market context.
This two-family property in Brooklyn offers 1,880 square feet, with a four-bedroom unit above a two-bedroom apartment. Built in 1930, the residence is zoned R5.
The property is at 168 28th Avenue in Bath Beach, with public transportation and train lines nearby. Coney Island’s waterfront and attractions are also a short distance away, while shopping, schools, parks, and daily services are available in the surrounding area.
The property is at 168 28th Avenue in Bath Beach, with public transportation and train lines nearby. Coney Island’s waterfront and attractions are also a short distance away, while shopping, schools, parks, and daily services are available in the surrounding area.
Key Highlights
- Two apartments: a four‑bedroom unit above a two‑bedroom apartment
- 1,880 square feet
- R5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,277
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,540
$1.0M
Cap Rate 7%
$732,529
$732.5K
Cap Rate 9%
$569,744
$569.7K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$76.7K $40.80/SF
− Vacancy
−$3.5K −$1.84/SF
EGI
$73.3K $38.96/SF
− OpEx
−$22.0K −$11.69/SF
NOI
$51.3K $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%
$1,025,540
Cap Rate 7%
$732,529
Cap Rate 9%
$569,744
Alternative Uses
Best Use
Multifamily LT 5
$732.5K
$641.0K – $854.6K
NOI $51,277 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$656.5K
$574.5K – $765.9K
NOI $45,956 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.10M
$959.6K – $1.28M
NOI $76,769 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The configuration includes a four-bedroom unit and a two-bedroom apartment.
Where is this duplex located?
The property is located at 168 28th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Two apartments: a four‑bedroom unit above a two‑bedroom apartment; 1,880 square feet; R5 zoning
