Brick Duplex with Private
New
For Sale
$949,000
2722 E 28th St, Brooklyn, NY 11235
Two apartments occupy separate levels, complemented by a finished basement and access to the rear yard.
Property Size1,932 SF
Lot Size0.06 Acres
Days on Market3
Property Features for 2722 E 28th St
General Information
Standard status
Active
Size
1,932 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,520
Amenities
4 Split System AC’s
Open Front Porch
Rear Porch
Rear Yard
Building Details
Building Size
1,932 SF
Year Built
1935
Buildings
1
Stories
2
Construction
brick semi-detached
Listing Agency:
George L Clark Inc
Listed By:
George L. Clark III
(718) 266-3900
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:23PM
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 George L Clark Inc
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Investment Insights
Based on property information with market context.
Built in 1935, this two-story brick duplex measures 21 by 46 feet on a 24.5-by-98-foot lot. The main-floor apartment has a living room, kitchen with dining area, two bedrooms, a full bathroom, and front and rear porches. A separate lower-level apartment includes a living room, kitchen, bedroom, and full bathroom. The finished basement has two rooms and a bathroom, with its own entrance. Each of the three levels connects to the rear yard.
A private driveway and built-in garage provide on-site vehicle accommodation. The property also has four split-system air conditioners, gas heat, hardwood and tile floors, a new roof, and new concrete at the sidewalk and driveway. It is in Sheepshead Bay, near the waterfront, shopping, restaurants, schools, and public transportation.
A private driveway and built-in garage provide on-site vehicle accommodation. The property also has four split-system air conditioners, gas heat, hardwood and tile floors, a new roof, and new concrete at the sidewalk and driveway. It is in Sheepshead Bay, near the waterfront, shopping, restaurants, schools, and public transportation.
Key Highlights
- Two apartments, plus a finished basement with separate entrance
- 24.5' x 98' lot; building measures 21' x 46'
- Private driveway and built‑in garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,662
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,240
$1.4M
Cap Rate 7%
$966,600
$966.6K
Cap Rate 9%
$751,800
$751.8K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$98.5K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$96.7K $50.03/SF
− OpEx
−$29.0K −$15.01/SF
NOI
$67.7K $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%
$1,353,240
Cap Rate 7%
$966,600
Cap Rate 9%
$751,800
Alternative Uses
Best Use
Multifamily LT 5
$966.6K
$845.8K – $1.13M
NOI $67,662 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$842.6K
$737.3K – $983.0K
NOI $58,982 @ 7.0% cap · market cap 6.22%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $111,979 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,670
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments occupy separate levels, complemented by a finished basement and access to the rear yard.
Where is this duplex located?
The property is located at 2722 E 28th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two apartments, plus a finished basement with separate entrance; 24.5' x 98' lot; building measures 21' x 46'; Private driveway and built‑in garage
