176-182 28th Ave

Bath Beach, Brooklyn | Harway Ave & Cropsey Ave

39 Rooms15 Beds10 Baths8,975 Square FeetIncome Property

$3,188,000

floors / apts4 / 9

Lot Size72'1"x96'7"

Built Size53'x57'

ZoneR5

Building TypeLow-Rise

RE Taxes$52,401

Price Per SF

$355

Building Amenities

Voice Intercom

Property Description for 176-182 28th Ave

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 live-in superintendent, recent upgrades to the boiler and heating system, and ongoing maintenance that has kept the building in good and fair condition. The ground-floor office space is also available for lease, presenting an excellent opportunity for a medical office, daycare, or other professional use. This is a compelling investment with strong cash flow and value-add potential in a prime Brooklyn location. Act quickly—opportunities like this won't last!

Listing History for 176-182 28th Ave

Now

12/02/2025

POM by Karla Ng Mok

Century 21 Realty First

11/20/2025

Back on the Market by Karla Ng Mok

Century 21 Realty First

Building Details for 176-182 28th Ave

OwnershipIncome Property

Building TypeLow-Rise

Service LevelVoice Intercom

AgePost-War

AccessWalk-up

Year Built1965

Floors/Apts4/9

Learn More About the Building

Bath Beach | Brooklyn

Quick Profile

Bath Beach is a rectangular swatch of land located at the southwestern edge of Brooklyn, along Gravesend Bay. For a small, primarily residential neighborhood it has a lot of history. Bath Beach is named after the famous Roman built spa and hot springs found in Bath, England.

It has a dense urban feel and it’s often confused with its neighbor Bensonhurst. In fact, Bath Beach was once nicknamed Bensonhurst by the sea. Despite its name, there is no beach. It was paved over to make room for modern day roadways.

Bath Beach is bounded by 86th Street to the north, Shore Parkway to the south, Bay Parkway to the east, and the Dyker Beach Park and Golf Course to the west.

The ethnically diverse and mostly middle-class neighborhood has a variety of architectural styles that include small apartment buildings, semi-attached homes and mid-20th century attached brick row houses with garages on the ground floor. There are many stand-alone Victorian houses throughout Bath Beach. They’ve been modernized with siding, enclosed porches and brickwork. Their turrets and steeply pitched roofs give a unique aesthetic to the area.

86th Street is the commercial artery. It’s the heart of everything and offers restaurants serving all types of cuisines, mom and pop shops, and big box retailers.

Bath Beach was once home to freed slaves that were given land settlements in the Mid 19th Century. Its name is derived from an area known as The Bath Beach Resort, an affluent beach club that once stood. Back in the 1860’s, railway advancements began connecting residential neighborhoods of Brooklyn. It didn’t take long for Bath Beach to receive an influx of people. The resort flourished, offering summer homes, yacht clubs and hotels to New York’s high society. Sadly, the beach was paved over in the mid-twentieth century in the name of expansion. The Shore Parkway now stands where the beach club was.

For decades the area was predominantly Italian but recent waves of Chinese and Russian immigration has changed the fabric of the neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

OLR ID: 101771TH

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