Building Details

Year built 1930

Floors in Building 3

Flooring type Hardwood

Building materials Brick

Roof type Flat

Listing Agency: Ashford Homes LLC Show Phone

Listed By: Christina T. Liang · License #CTL8850 Show Phone

Added: Sep 29 Changed: Oct 6 Last Checked: Oct 10 at 3:06AM

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MLS# 504950

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.

Built in 1930, this 2,280-square-foot brick duplex property contains two residences. The upper unit is arranged as a four-bedroom duplex, while a one-bedroom apartment occupies the lower level. Hardwood flooring, a flat roof, and a built-in one-car garage are among the property’s existing features. The lot measures 0.0643 acres, and the zoning designation is R4.

The property is in Brooklyn, with everyday shopping and local restaurants in the area. Kings Plaza mall and Marine Park are nearby, and bus service is available through several lines.

Key Highlights

• Two residential units: a four‑bedroom duplex and a one‑bedroom lower‑level apartment
• 2,280 square feet of building area
• Built‑in one‑car garage

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 (±1% cap)

NOI $79,849 @ 7.0% cap · market cap 7.99%

Second Best

Apartment 5plus

$994.4K

$870.1K – $1.16M (±1% cap)

NOI $69,606 @ 7.0% cap · market cap 6.97%

Theoretical Best

Specialty Retail

$1.89M

$1.65M – $2.20M (±1% cap)

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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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Hotel & Motel Bar & Pub Law Firm Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - The brick property combines a multi-level primary residence with a separate apartment below.

Where is this duplex located?

The property is located at 1930 E 28th Street 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: Two residential units: a four‑bedroom duplex and a one‑bedroom lower‑level apartment; 2,280 square feet of building area; Built‑in one‑car garage