Courtesy of: Czion D. Earle, Exit Realty All City, dandegroupnyc11@gmail.com
Courtesy of: Czion D. Earle, Exit Realty All City, dandegroupnyc11@gmail.com
$1,450,000
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5 bed
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3.00 Bath (3 Full)
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Lot: 0.05 Acres
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Triplex
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$1,450,000
229 Macdougal Street 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. ---
Courtesy of: Czion D. Earle, Exit Realty All City, dandegroupnyc11@gmail.com
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