Sheepshead Bay Multifamily
2078 E 28th Street Brooklyn, NY 11229
2078 E 28th Street, Brooklyn, NY, 11229
$1,850,000
For Sale
$1,850,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,492 SF
Lot Size0.06 Acres
Price / SF$742.38
Days on Market94
Property Features for 2078 E 28th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-C1-2
- Bedrooms
- 11
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bathroom 1, Bedroom 10, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 8, Bathroom 4, Bedroom 11, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 9
- Interior features
- A/C Unit - Window
- Standard status
- Active
- Size
- 2,492 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 13697
Building Details
- Year built
- 1920
- Floors in Building
- 4
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
Re/Max Real Estate Professiona
(718) 872-5522
6423 11th Ave, Brooklyn, NY
Listed by
Huizhen (Rose) Li
(718) 532-2000
Added: Apr 14 Checked: Jul 16 at 3:06 pm
MLS# 500468
Listing URL
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.
This four-family, semi-detached brick building is located in the Sheepshead Bay neighborhood of Brooklyn. The property offers approximately 2492 square feet of living space and includes a detached garage. The building contains a spacious 2-bedroom apartment on the first floor and a large 3-bedroom apartment spanning the 2nd to 4th floors. Each unit is separately metered with 4 gas meters and 5 electric meters, along with separate hot water coin systems. Tenants are responsible for their own hot water expenses. The property is conveniently located between Avenue U & Avenue T, close to shopping and dining options, Kings Plaza Mall, supermarkets, pharmacies, and schools. Transportation options include easy access to the B & Q subway lines, multiple bus routes, and the Belt Parkway, providing convenient connectivity throughout Brooklyn and beyond. The lot size is 0.0643 acres.
Key Highlights
- Semi‑detached brick 4‑family building in Sheepshead Bay, Brooklyn, built in 1920, with approximately 2,492 SF of living space and a detached garage
- Apartment layout: 2‑bedroom unit on the 1st floor plus a large 3‑bedroom unit spanning the 2nd–4th floors
- Separate utilities: 4 gas meters, 5 electric meters, and separate hot water coin systems (tenants pay hot water)
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
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-family property in Sheepshead Bay with income potential.
Where is this quadplex located?
The property is located at 2078 E 28th Street 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: Semi‑detached brick 4‑family building in Sheepshead Bay, Brooklyn, built in 1920, with approximately 2,492 SF of living space and a detached garage; Apartment layout: 2‑bedroom unit on the 1st floor plus a large 3‑bedroom unit spanning the 2nd–4th floors; Separate utilities: 4 gas meters, 5 electric meters, and separate hot water coin systems (tenants pay hot water)
