Building Details

Year Built 1930

Listed By: Michael Show Phone

Added: Jul 17 Changed: Aug 19

Report an Issue

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,514

Cap Rate

7.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,250,280 $1.3M

Cap Rate 7%

$893,057 $893.1K

Cap Rate 9%

$694,600 $694.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,785 SF

Gross rent

$91.0K $51.00/SF

− Vacancy

−$1.7K −$0.97/SF

EGI

$89.3K $50.03/SF

− OpEx

−$26.8K −$15.01/SF

NOI

$62.5K $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%

$1,250,280

Cap Rate 7%

$893,057

Cap Rate 9%

$694,600

Alternative Uses

Best Use

Multifamily LT 5

$893.1K

$781.4K – $1.04M (±1% cap)

NOI $62,514 @ 7.0% cap · market cap 7.36%

Second Best

Apartment 5plus

$778.5K

$681.2K – $908.2K (±1% cap)

NOI $54,494 @ 7.0% cap · market cap 6.42%

Theoretical Best

Specialty Retail

$1.48M

$1.29M – $1.72M (±1% cap)

NOI $103,459 @ 7.0% cap · market cap 12.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Location Intelligence

Trade Area within ½ mile

3,163

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

Similar For Sale Nearby

See more

Brick Duplex with Private Driveway

2260 E 60th Place, Brooklyn, NY 11234

$875,000

1,778 SF

View details

Brick Duplex with Garage

3401 Avenue U, Brooklyn, NY 11234

$879,000

1,771 SF

View details

Brick Duplex with Finished Basement

3 Harden Street, Brooklyn, NY 11234

$799,000

1,776 SF

View details

Duplex with Finished Basement

8514 Avenue J, Brooklyn, NY 11236

$899,000

1,800 SF

View details

Brick Duplex with Garage

1846 E 52nd Street, Brooklyn, NY 11234

$899,000

1,800 SF

View details

Brick Duplex With Private Yard

1848 E 31st Street, Brooklyn, NY 11234

$799,000

1,836 SF

View details

Duplex with Private Garage

345 Dewitt Avenue, Brooklyn, NY 11207

$849,000

1,672 SF

View details

Brick Duplex with Finished Basement

2001 E 60th Street, Brooklyn, NY 11234

$875,000

1,876 SF

View details

Duplex With Separate Apartment

2246 E 70th Street, Brooklyn, NY 11234

$925,000

1,836 SF

View details

Detached Duplex with Finished Garage

3822 Cypress Avenue, Brooklyn, NY 11224

$965,000

1,807 SF

View details

Two-Story Brick Duplex

41 Alton Place, Brooklyn, NY 11210

$799,999

1,870 SF

View details

Duplex with Finished Basement

2454 E 18th Street, Brooklyn, NY 11235

$949,000

1,848 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Brick 2-family duplex featuring hardwood and carpet, plus a private deck and detached garage.

Where is this duplex located?

The property is located at 2029 E 28Th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $849,000.