Brick Three-Bedroom Duplex with Attached
For Sale
$1,169,000
2612 E 28th Street, Brooklyn, NY 11235
SINGLE_FAMILY - Brooklyn, NY
Property Size1,060 SF
Lot Size0.04 Acres
Price / SF$1,102
Days on Market64
Property Features for 2612 E 28th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 1
Parking features
Garage - Attached
Interior features
Dishwasher, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,060 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7453
Building Details
Year built
1950
Floors in Building
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Brick
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Jason Sciulara
(718) 763-4110
Added: Jun 8
Changed: Aug 3
Last Checked: Aug 10 at 11:06AM
MLS# 502114
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 brick, semi-attached duplex offers three bedrooms and updated kitchens and bathrooms, with a bath on every floor. The home includes a finished basement and laundry area, along with interior features such as a dishwasher, microwave, refrigerator, stove, washer, and a mix of hardwood, tile, and carpet flooring.
The property sits on a 0.0422-acre lot and was built in 1950. Parking is available via a private driveway with an attached garage.
Zoned R4, this layout is designed around multiple floors with bathrooms throughout and a finished basement, supporting everyday living and flexible use of interior space.
The property sits on a 0.0422-acre lot and was built in 1950. Parking is available via a private driveway with an attached garage.
Zoned R4, this layout is designed around multiple floors with bathrooms throughout and a finished basement, supporting everyday living and flexible use of interior space.
Key Highlights
- Three‑bedroom duplex with a bath on every floor
- Finished basement and updated kitchens and bathrooms
- Brick semi‑attached construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,123
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$742,460
$742.5K
Cap Rate 7%
$530,329
$530.3K
Cap Rate 9%
$412,478
$412.5K
Market Conditions
NOI Build-Up for 1,060 SF
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.
Gross rent
$54.1K $51.00/SF
− Vacancy
−$1.0K −$0.97/SF
EGI
$53.0K $50.03/SF
− OpEx
−$15.9K −$15.01/SF
NOI
$37.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$742,460
Cap Rate 7%
$530,329
Cap Rate 9%
$412,478
Alternative Uses
Best Use
Multifamily LT 5
$530.3K
$464.0K – $618.7K
NOI $37,123 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$462.3K
$404.5K – $539.4K
NOI $32,361 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$877.7K
$768.0K – $1.02M
NOI $61,438 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,890
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R4 zoned duplex with attached garage, updated kitchens and bathrooms, and a finished basement.
Where is this duplex located?
The property is located at 2612 E 28th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,169,000.
What are key features of this property?
This property features: Three‑bedroom duplex with a bath on every floor; Finished basement and updated kitchens and bathrooms; Brick semi‑attached construction
