2078 E 28th St

New York NY 11229

2492 sq. ft.

2800 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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!!