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Open House Times
- Sat. Sep. 26 at 12:30pm to 2:00pm
- Sun. Sep. 27 at 12:30pm to 2:00pm
About the Listing RTST01 - 192604
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. ---
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Electric
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other: Washer/Dryer Hookup
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others: Renovated
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $1,809
- Taxes w/Assessments: N/A
- Tax/Property ID: 01527-0048
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
229 Macdougal St Brooklyn, NY 11233
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