5 MacDonough St
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5 MacDonough St
9 Unit Block of Flats £3,019,978 (£335,553/Unit) 6.84% Net Initial Yield Brooklyn, NY 11216
Executive Summary
5 Mac Donough Street is a well-maintained, four-story walk-up located in the vibrant Bedford-Stuyvesant neighborhood of Brooklyn. Built in 1900 and spanning 8,856 square feet, this property comprises 9 residential units, with a diverse mix of one-, two-, and three-bedroom apartments. The property offers an attractive gross Effective Gross Income (EGI) of $328,474 and a Net Operating Income (NOI) of $263,475, delivering a strong 6.84% cap rate. Priced at $3,850,000, the property represents an excellent value at $434.73 per square foot and $427,778 per unit. With a competitive rental mix generating $28,219 in monthly income, this building provides investors with a stable, income-producing asset in one of Brooklyn's most historic and sought-after neighborhoods. Strategically located between Tompkins and Marcy Avenues, the property benefits from easy access to public transportation, local shops, and cultural hotspots, ensuring strong tenant demand.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,019,978 | Apartment Style | Mid Rise |
| Price Per Unit | £335,553 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Net Initial Yield | 6.84% | Building Size | 8,856 SF |
| No. Units | 9 | Number of Floors | 4 |
| Property Type | Residential | Year Built | 1900 |
| Property Subtype | Apartment |
| Price | £3,019,978 |
| Price Per Unit | £335,553 |
| Sale Type | Investment |
| Net Initial Yield | 6.84% |
| No. Units | 9 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,856 SF |
| Number of Floors | 4 |
| Year Built | 1900 |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 01851-0071 | Improvements Assessment | £582,566 (2024) |
| Land Assessment | £9,178 (2024) | Total Assessment | £591,743 (2024) |
PROPERTY TAXES
Parcel Number
01851-0071
Land Assessment
£9,178 (2024)
Improvements Assessment
£582,566 (2024)
Total Assessment
£591,743 (2024)
zoning
| Zoning Code | R6B |
| R6B |
-
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5 MacDonough St
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