East Flatbush Multifamily
315 E 28TH St Brooklyn, NY 11226
315 E 28TH St, Brooklyn, NY, 11226
$995,000
Pending
For Sale
$995,000
Pending
Charming multi-family home in vibrant East Flatbush neighborhood.
Property Size2,080 SF
Lot Size0.05 Acres
Days on Market84
Property Features for 315 E 28TH St
General Information
- Standard status
- Pending
- Size
- 2,080 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1901
Listing Agency
(212) 321-7153
Listed by
Christian Newton · License #10301223470
(212) 321-7153
Source
Elliman
Added: Apr 28 Updated: Jul 10 at 1:33 pm Checked: Jul 19 at 6:15 am
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 Christian Newton
Investment Insights
Based on property information with market context.
Located in the East Flatbush neighborhood of Brooklyn, this multi-family home offers 2,080 sqft of building size on a 2,000 sqft lot. The residence features 2.5 bedrooms on the second floor and 2 bedrooms on the first floor. The finished basement includes 2 extra rooms and 2 full baths. The home features original, well-maintained flooring and cabinetry. The kitchen is equipped with stainless steel appliances, and the living room on the first floor features a textured ceiling. All bathrooms are updated with modern fixtures. The fully finished basement includes 2 additional rooms, 2 full baths, and a kitchen, offering flexible space. The property includes a backyard with a deck and a patio at the front of the house. The roof and exterior siding are in excellent condition. The home benefits from its location in a friendly, vibrant neighborhood with access to parks, schools, shopping centers, and public transportation. The property is located in a Walker's Paradise with a walk score of 90 and is also a Rider's Paradise with a transit score of 97. The bike score is 66, making it bikeable. This property will be sold with tenants on the second floor.
Key Highlights
- Seller offers creative financing options, including seller financing at a competitive 4% interest rate and willingness to buy down mortgage points.
- Finished basement with 2 rooms, 2 full baths, and a kitchen provides flexible space for various uses.
- Located in a vibrant East Flatbush neighborhood with excellent walk, bike, and transit scores (90, 66, and 97 respectively).
Local Financial Insights For Apartment 5plus
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 | $92.4k | $44.40 |
| − Vacancy | −$3.7k | −$1.78 |
| EGI | $88.7k | $42.62 |
| − OpEx | −$39.9k | −$19.18 |
| NOI | $48.8k | $23.44 |
2,080 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$696.6K
$609.5K – $812.7K
NOI $48,762 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$899.6K – $1.20M
NOI $71,965 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Charming multi-family home in vibrant East Flatbush neighborhood.
Where is this multifamily property located?
The property is located at 315 E 28TH St Brooklyn, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Seller offers creative financing options, including seller financing at a competitive 4% interest rate and willingness to buy down mortgage points.; Finished basement with 2 rooms, 2 full baths, and a kitchen provides flexible space for various uses.; Located in a vibrant East Flatbush neighborhood with excellent walk, bike, and transit scores (90, 66, and 97 respectively).
