176 28th Avenue, Brooklyn, NY 11214

Local realty services provided by:ERA Top Service Realty
176 28th Avenue,Brooklyn, NY 11214
$3,188,000
  • 15 Beds
  • 10 Baths
  • 8,975 sq. ft.
  • Multi-family
  • Active
Listed by: karla ng mok, anthony frazzetta
Office: century 21 realty first
MLS#:494101
Source:BROOKLYN

Price summary

  • Price:$3,188,000
  • Price per sq. ft.:$355.21

About this home

Don’t miss this rare opportunity to own a fully detached brick 9-family building in the highly sought-after Bath Beach neighborhood of Brooklyn. This remarkable investment sits on a spacious 72.08 ft x 96.67 ft lot and boasts a generous building size of 53 ft x 57 ft, complete with eight designated parking spaces for both residents and the on-site commercial unit. The property consists of six large 2-bedroom, 1-bath units (each approximately 1,000 sq ft) and three well-maintained 1-bedroom, 1-bath units (around 700 sq ft). Of the nine apartments, seven are free-market, offering strong rental flexibility, while only two are rent-stabilized. The current configuration brings in a solid gross annual income of $235,649.76, with operating expenses at $87,960, yielding a CAP rate of approximately 4.6%. However, the property still has untapped potential, with the ability to increase rents and projected returns reaching 5.5%+ for the next investor or owner-user. Additional features include a

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Home facts

  • Year built:1965
  • Listing ID #:494101
  • Added:131 day(s) ago
  • Updated:November 20, 2025 at 12:36 PM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:10
  • Full bathrooms:9
  • Living area:8,975 sq. ft.

Heating and cooling

  • Heating:Baseboard, Gas, Hot Water

Structure and exterior

  • Roof:Flat, Rubber
  • Year built:1965
  • Building area:8,975 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$3,188,000
  • Price per sq. ft.:$355.21
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