NY
Kings (Brooklyn)
Brooklyn
11233
229 Macdougal Street
229 Macdougal Street, Brooklyn, NY 11233
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Listing Type
Multi Family
Listing Status
Active
13
$1,450,000

Home Details for 229 Macdougal Street

Price
$1,450,000
Type
Residential Income
Bedrooms
5
Total Bathrooms
3
Full Bathrooms
3
Year built
1910
Lot size acres
0.0459
County
Kings (Brooklyn)
Basement
Finished
MLS Listing#
1052955
Property Description

INVESTOR OPPORTUNITY — Three income streams under one roof in Ocean Hill, Brooklyn. Income-producing basement studio (separate ground-level front entrance, r — income starts day one) plus owner's side; first-floor 2-bedroom plus separate basement with flex space. opening to a private backyard/patio; top-floor 3-bedroom / 1 bath. Projected ~$93,600/year gross rent at today's market rates = ~4.9% cap rate and 15.5 gross rent multiplier at list price. Live in one unit and let the other two carry the mortgage, or run it as a pure 3-unit investment — renovated 2-bedrooms command $3,000+ and 3-bedrooms $3,200+ in the neighborhood. Same-street comps support the price (recent MacDougal sale $1.55M). NYC Tax Class 1 keeps property taxes among the lowest in the city. A/C trains at Rockaway Ave — approx. 30 minutes to Midtown. Floor plans available. ALL OFFERS CONSIDERED. Broker open house Saturday, September 26, 11 AM–1 PM; public open house Sunday, September 27, 12–2 PM. Shown by appointment. ---

Property Features
  • Cooling Information
    • Electric
  • Heating Information
    • Baseboard
  • Water Features
    • Public
  • Utilities
    • None
  • Parking
    • On Street
  • Basement
    • Finished
School Information
School Information for 229 Macdougal Street, Brooklyn, NY 11233
Elementary School
Brooklyn Landmark Elementary School
Middle School
Brooklyn Environmental Exploration
High School
Contact Agent
Listing Courtesy: Exit Realty All City - 718-276-0077
Presented by: Czion D. Earle
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 OneKey MLS. All Rights Reserved
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from OneKey MLS.
EXIT REALTY ALL CITY
230-16 Merrick Blvd, Laurelton, NY 11413
Czion Earle
License #: 10401282997
Sales Representative
Office
718 276 0070
Agent
917 940 1554
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