Four-Family Residential Investment
2078 E 28th St Brooklyn, NY 11229
2078 E 28th St, Brooklyn, NY, 11229
$1,850,000
For Sale
$1,850,000
Fully occupied four-family semi-detached brick building with separately metered gas and electric and coin-operated hot water systems.
Property Size2,492 SF
Price / SF$742.38
Days on Market86
Property Features for 2078 E 28th St
General Information
- Standard status
- Active
- Size
- 2,492 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Real Estate Professiona
(718) 872-5522
Listed by
Huizhen (Rose) Li
(718) 872-5522
Source
Elliman
Added: Apr 28 Updated: Jul 21 at 5:12AM Checked: Jul 21 at 5:12AM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
This fully occupied four-family semi-detached brick building is configured with one 2-bedroom apartment on the first floor and a larger 3-bedroom apartment spanning the 2nd through 4th floors. The property includes a detached garage. Each unit is separately metered, with 4 gas meters and 5 electric meters, along with separate hot water coin systems.
Located in Sheepshead Bay, Brooklyn, the property is described as convenient between Avenue U and Avenue T, with access to shopping and dining and nearby retail including Kings Plaza Mall. The area is also described as close to supermarkets, pharmacies, and schools.
The building is presented as an income-producing residential investment with tenants responsible for their own hot water expenses.
Located in Sheepshead Bay, Brooklyn, the property is described as convenient between Avenue U and Avenue T, with access to shopping and dining and nearby retail including Kings Plaza Mall. The area is also described as close to supermarkets, pharmacies, and schools.
The building is presented as an income-producing residential investment with tenants responsible for their own hot water expenses.
Key Highlights
- Four‑family semi‑detached brick building built in 1920, fully occupied
- Approx. 2,492 SF living space plus detached garage
- Unit mix: 1st floor 2‑bedroom unit; 2nd–4th floors large 3‑bedroom unit
Local 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 | $127.1k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $124.7k | $50.03 |
| − OpEx | −$37.4k | −$15.01 |
| NOI | $87.3k | $35.02 |
2,492 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.45M
NOI $87,274 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$1.09M
$951.0K – $1.27M
NOI $76,078 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$2.06M
$1.81M – $2.41M
NOI $144,436 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied four-family semi-detached brick building with separately metered gas and electric and coin-operated hot water systems.
Where is this quadplex located?
The property is located at 2078 E 28th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four‑family semi‑detached brick building built in 1920, fully occupied; Approx. 2,492 SF living space plus detached garage; Unit mix: 1st floor 2‑bedroom unit; 2nd–4th floors large 3‑bedroom unit
