2078 E 28th St Unit 4 Brooklyn, NY 11229
Madison NeighborhoodEstimated payment $10,950/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
| 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 |
|---|---|---|---|---|
| 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
| 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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