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This property has been sold, rented, or removed from the market. The information below is kept for reference.
$1,450,000
Off Market
2 days on market
229 Macdougal St
📍 Brooklyn, Brooklyn, NY 11233
5.0
Beds
3.0
Baths
1,500
Sqft
$967
Per sqft
1910
Year built
Land
Type
About this property
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 MacD
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Amenities & features
Key facts
2,000 sq ft lot
Built 1910
Property details
Property typeLand
Listing statusOff Market
Lot size2,000 sqft
Year built1910
Days on market2 days
MLS #1052955
Estimated monthly payment
Listing price$1,450,000
Down payment (20%)$290,000
Loan amount$1,160,000
Principal & interest (7%, 30yr)$7,717/mo
Property tax (est.)$1,410/mo
Home insurance (est.)$604/mo
Estimated total$9,731/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.
