314 Macdougal St - Apartments FOR SALE


Brooklyn, NY 11233- Ocean Hill
$1,350,000 USD
716-604-5763
314 Macdougal St, Brooklyn, NY for Sale
$1,350,000 USD
Apartments - FOR SALE
1/4
null | 8.04% Cap Rate

314 Macdougal St
Brooklyn, NY 11233
Ocean Hill


HIGHLIGHTS

  • Metrics: 4,500 gross square Feet | Three (3) of the six (6) units are Free Market | Protected Tax Class 2A
  • Location: Ocean Hill, walking distance to Broadway Junction. One Block to Bushwick neighborhood
  • Renovation: Destabilization took place through (IAI) Individual Apartment Improvements and Major Capital Improvements (MCI) between 2016 – 2017.
  • Excellent Transportation: 5-minute walk to multiple train lines (A, C, J, Z & L). 20-minute commute into Manhattan
  • Income Producing: Generating Strong Day-1 Cash Flow, with significant upside.
  • Recent Upgrades: New Roof, Boiler, Heater, Electric, Kitchens & Bathrooms in Free Market Units.

OVERVIEW

Matthew Peters, with The Peters Team at Marcus & Millichap, is pleased to present the exclusive listing for the property located at 314 Macdougal Street, in the Ocean Hill section of Brooklyn, NY, 11233. Layout: Basement: Mechanicals | Potential for Storage Ground Floor: 2 apartments 1R- 2-bedroom, 1-bathroom (Railroad 3 Bed) - RS 1L- 2-bedroom, 1-bathroom (Railroad 3 Bed) - RS Second Floor: 2 apartments 2R - 2-bedroom, 1-bathroom (Railroad 3 Bed), Free Market 2L - 2-bedroom, 1-bathroom (Railroad 3 Bed) - RS Third Floor: 2 apartments 3R - 3-bedroom, 1-bathroom, In-Unit W/D - Free Market 3L - 3-bedroom, 1-bathroom, Railroad, Free Market Investment Opportunity: The building is currently cash flowing w/ 6 Apartment units, 3 of which have been destabilized and converted to Free Market between 2016-2017 through High Vacancy Decontrol Protected Tax Class (2A) Brand New Roof, Boiler, Heater, Electrical etc. Throughout the Building Professionally Managed. All Paperwork on File Location: Located in Ocean Hill, Brooklyn, NY Within walking distance to the A, C, J, & Z & L Train Lines (Broadway Junction) Located Walking Distance to Neighborhood Shops & Restaurants

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

8.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6

APN/PARCEL ID

01535-0010

ASK ABOUT THIS PROPERTY

Matthew PetersMarcus & MillichapMore Info
716-604-5763

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Matthew PetersMarcus & MillichapMore Info
716-604-5763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.