743 Macdonough St - Apartments FOR SALE


Brooklyn, NY 11233- Ocean Hill
$1,588,000 USD
516-279-8828
743 Macdonough St, Brooklyn, NY for Sale
$1,588,000 USD
Apartments - FOR SALE
1/15
null | 7.52% Cap Rate

743 Macdonough St
Brooklyn, NY 11233
Ocean Hill


HIGHLIGHTS

  • Calling All Investors, Developers, & End-Users!!! 100% Occupied 6 Unit Free Market Apartment Building In Bushwick For Sale!!!
  • The Property Features Excellent Signage, Great Exposure, Strong R6 Zoning, 6 Parking Spaces, High 10’ Ceilings, Separate Meters, Low Property Taxes,+!
  • The Property Is Located In The Heart Of Bed-Stuy Just 1 Block Off Broadway Next To Saratoga Park!!!
  • Neighbors Include UPS, The Home Depot, T-Mobile, Dunkin’, CubeSmart Self Storage, Walgreens, JD Sports, Subway, Wendy’s, KFC, +++!!!
  • This Property Offers HUGE Upside Potential!!!
  • This Could Be Your Next Development Site / The Next Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers, & End-Users!!! 100% Occupied 6 Unit Free Market Apartment Building In Bushwick For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6 Zoning, 6 Parking Spaces, High 10’ Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Bed-Stuy Just 1 Block Off Broadway Next To Saratoga Park!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include UPS, The Home Depot, T-Mobile, Dunkin’, CubeSmart Self Storage, Walgreens, JD Sports, Subway, Wendy’s, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Unit 1L : $20,400 Ann. Unit 1R: $26,400 Ann. Unit 2L: $15,600 Ann. Unit 2R: $22,200 Ann. Unit 3R: $24,000 Ann. Unit 3L: $27,240 Ann. Gross Income: $135,840 Ann. Expenses: Gas : $0 Ann. Electric: $0 Ann. Water + Sewer: $3,783 Ann. Insurance: $5,000 Ann. Taxes: $7,712.76 Ann. Total Expenses: $16,495.76 Ann. Net Operating Income (NOI): $119,344.24 Ann.

FOR SALE DETAILS

PRICE

$1,588,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

6

PRICE/UNIT

$264,667

CAP RATE

7.52%

% 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

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6

APN/PARCEL ID

01498-0065

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.