Brick Two-Family
For Sale
$999,000
1930 E 28th St, Brooklyn, NY 11229
A four-bedroom main residence is paired with a separate one-bedroom apartment below.
Property Size2,280 SF
Days on Market12
Property Features for 1930 E 28th St
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$11,108
Building Details
Building Size
2,280 SF
Year Built
1930
Stories
3
Listing Agency:
Ashford Homes LLC
Listed By:
Christina T. Liang · License #CTL8850
(929) 364-1301
Source:
Elliman
Added: Sep 30
Changed: Oct 10
Last Checked: Oct 10 at 12:00AM
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
Investment Insights
Based on property information with market context.
Built in 1930, this semi-detached brick duplex contains a four-bedroom main residence and a separate one-bedroom apartment on the lower level. A built-in garage accommodates one car and provides additional storage. The two-unit layout brings both residences together within a single property.
The Brooklyn property is near everyday shopping, restaurants, Kings Plaza mall, and Marine Park. Several bus lines serve the area. Recorded walk, transit, and bike scores are 94, 78, and 69, respectively.
The Brooklyn property is near everyday shopping, restaurants, Kings Plaza mall, and Marine Park. Several bus lines serve the area. Recorded walk, transit, and bike scores are 94, 78, and 69, respectively.
Key Highlights
- Four‑bedroom duplex residence above a separate one‑bedroom apartment
- Built‑in one‑car garage with additional storage
- Brick, semi‑detached construction; built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,849
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,980
$1.6M
Cap Rate 7%
$1,140,700
$1.1M
Cap Rate 9%
$887,211
$887.2K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$116.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.1K $50.03/SF
− OpEx
−$34.2K −$15.01/SF
NOI
$79.8K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,980
Cap Rate 7%
$1,140,700
Cap Rate 9%
$887,211
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.1K – $1.33M
NOI $79,849 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$994.4K
$870.1K – $1.16M
NOI $69,606 @ 7.0% cap · market cap 6.97%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,149 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,218
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - A four-bedroom main residence is paired with a separate one-bedroom apartment below.
Where is this duplex located?
The property is located at 1930 E 28th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four‑bedroom duplex residence above a separate one‑bedroom apartment; Built‑in one‑car garage with additional storage; Brick, semi‑detached construction; built in 1930
