Duplex with Private
For Sale
$949,000
2722 E 28th Street, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size1,932 SF
Lot Size0.05 Acres
Price / SF$491.20
Days on Market45
Property Features for 2722 E 28th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3
Patio and Porch features
Deck
Interior features
Central Air - Split, Deck
Basement
Finished, Full
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,932 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8520
Amenities
private driveway
built-in garage
split system air conditioning
hardwood flooring
tile flooring
gas heating
Building Details
Year built
1935
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
George L Clark Inc
Listed By:
George L. Clark III
(718) 266-3900
Added: Sep 1
Changed: Oct 14
Last Checked: Oct 15 at 8:06AM
MLS# 504195
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, two-family duplex in Brooklyn has 1,932 square feet across two stories and a finished basement. The main-floor apartment includes two bedrooms, a living room, kitchen with dining area, full bathroom, and rear porch. The second apartment has one bedroom, a living room, kitchen, and full bathroom, with access from both the front and rear. The basement has two rooms, a bathroom, and its own entrance; all three levels connect to the rear yard. A private driveway and built-in garage serve the property, which also has four split-system air conditioners, hardwood and tile flooring, gas heat, and a new roof.
The property occupies a 24.5' x 98' lot and is zoned R4. Sheepshead Bay-area amenities noted include waterfront access, shopping, restaurants, schools, and public transportation.
The property occupies a 24.5' x 98' lot and is zoned R4. Sheepshead Bay-area amenities noted include waterfront access, shopping, restaurants, schools, and public transportation.
Key Highlights
- Two‑family brick duplex with 1,932 square feet
- 24.5' x 98' lot; R4 zoning
- Two‑story layout plus a finished basement with separate entrance
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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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have separate entrances, with a finished basement providing additional rooms and a bathroom.
Where is this duplex located?
The property is located at 2722 E 28th Street 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‑family brick duplex with 1,932 square feet; 24.5' x 98' lot; R4 zoning; Two‑story layout plus a finished basement with separate entrance
