2078 E 28th St Unit 4 Brooklyn, NY 11229
Madison NeighborhoodEstimated payment $11,124/month
Highlights
- Tile Flooring
- Hot Water Heating System
- Community Storage Space
- Multiple cooling system units
- Private Driveway
- Front Yard
About This Home
Prime 4-Family Investment Opportunity in Sheepshead Bay, Brooklyn
This exceptional property presents a rare opportunity for both investors and end-users alike! Situated in the highly desirable Sheepshead Bay neighborhood of Brooklyn, this 4-family semi-detached brick building, offering approximately 2492 SF of living space with a detached garage offers strong income potential and long-term value.
The property is fully occupied and features: • A spacious 2-bedroom apartment on the first floor • 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, helping to minimize owner operating costs. Financial Highlights: • Annual Gross Income: $121,200 • Total Annual Expenses: $26077 • CAP Rate: Over 5% Location Highlights:
Conveniently located between Avenue U & Avenue T, the property is close to: • Shopping and dining options • Kings Plaza Mall • Supermarkets, pharmacies, and schools
Transportation:
Easy access to the B & Q subway lines, multiple bus routes, and the Belt Parkway, providing convenient connectivity throughout Brooklyn and beyond. Delivered vacant!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,697
Year Built
- Built in 1920
Lot Details
- 2,800 Sq Ft Lot
- Lot Dimensions are 100 x 28
- Front Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 2,492 Sq Ft Home
- 4-Story Property
- Tile Flooring
Bedrooms and Bathrooms
- 11 Bedrooms
- 4 Full Bathrooms
Parking
- 3 Parking Spaces
- Private Driveway
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 7332
Community Details
Building Details
- Fuel Expense $4,500
- Insurance Expense $3,500
- Utility Expense $180
- Gross Income $121,000
Additional Features
- 4 Units
- Community Storage Space
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $13,765 | $307,350 | $61,200 | $246,150 |
| 2025 | $13,328 | $263,700 | $61,200 | $202,500 |
| 2024 | $13,328 | $293,400 | $61,200 | $232,200 |
| 2023 | $12,115 | $269,100 | $61,200 | $207,900 |
| 2022 | $11,193 | $261,450 | $61,200 | $200,250 |
| 2021 | $10,391 | $234,000 | $61,200 | $172,800 |
| 2019 | $10,342 | $233,820 | $61,200 | $172,620 |
| 2018 | $9,663 | $75,972 | $23,862 | $52,110 |
| 2017 | $8,950 | $70,370 | $23,457 | $46,913 |
| 2016 | $8,400 | $65,158 | $27,182 | $37,976 |
| 2015 | $5,454 | $65,158 | $32,579 | $32,579 |
| 2014 | $5,454 | $63,079 | $31,539 | $31,540 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2026 04/17/26 | Price Changed | $1,850,000 | +2.3% | $742 / Sq Ft |
| 04/14/2026 04/14/26 | For Sale | $1,808,000 | -- | $726 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 500468
APN: 07332-0042
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