314 Macdougal St - Apartments FOR SALE


Brooklyn, NY 11233- Ocean Hill
$1,150,000 USD
716-604-5763
314 Macdougal St, Brooklyn, NY for Sale
$1,150,000 USD
Apartments - FOR SALE
1/4
null | 9.44% Cap Rate

314 Macdougal St
Brooklyn, NY 11233
Ocean Hill


HIGHLIGHTS

  • 4,500 gross square Feet | Three (3) of the six (6) units are Free Market | Protected Tax Class 2A
  • Destabilization took place through (IAI) Individual Apartment Improvements and Major Capital Improvements (MCI) between 2016 – 2017.
  • 5-minute walk to multiple train lines (A, C, J, Z & L). 20-minute commute into Manhattan
  • Generating Strong Day-1 Cash Flow, with significant upside.
  • New Roof, Boiler, Heater, Electric, Kitchens & Bathrooms in Free Market Units.

OVERVIEW

Matthew Peters w/ The Peters Team at Marcus & Millichap is pleased to present 314 Macdougal Street, a 6-unit multifamily building located in Ocean Hill, Brooklyn. The property generates over $153,000 in gross annual income across approximately 4,500 gross square feet, with 3 free market units and 3 rent stabilized units. The building benefits from protected Tax Class 2A status, recent capital improvements, professional management, and proximity to Broadway Junction, offering access to five major subway lines and a neighborhood experiencing significant transformation.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

9.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 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.