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743 Macdonough St

6 Unit Block of Flats £1,245,643 (£207,607/Unit) 7.52% Net Initial Yield Brooklyn, NY 11233

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Investment Highlights

Calling All Investors, Developers, & End-Users!!! 100% Occupied 6 Unit Free Market Apartment Building In Bushwick For Sale!!!
The Property Is Located In The Heart Of Bed-Stuy Just 1 Block Off Broadway Next To Saratoga Park!!!
This Property Offers HUGE Upside Potential!!!

The Property Features Excellent Signage, Great Exposure, Strong R6 Zoning, 6 Parking Spaces, High 10’ Ceilings, Separate Meters, Low Property Taxes,+!
Neighbors Include UPS, The Home Depot, T-Mobile, Dunkin’, CubeSmart Self Storage, Walgreens, JD Sports, Subway, Wendy’s, KFC, +++!!!
This Could Be Your Next Development Site / The Next Home For Your Business!!!

Executive Summary

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.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£106,554	£19.73
Taxes	£6,049	£1.12
Operating Expenses	£6,889	£1.28
Total Expenses	£12,939	£2.40
Net Operating Income	£93,615	£17.34

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£106,554
Annual Per SF	£19.73

Taxes
Annual	£6,049
Annual Per SF	£1.12

Operating Expenses
Annual	£6,889
Annual Per SF	£1.28

Total Expenses
Annual	£12,939
Annual Per SF	£2.40

Net Operating Income
Annual	£93,615
Annual Per SF	£17.34

Property Facts

Price	£1,245,643	Building Class	C
Price Per Unit	£207,607	Lot Size	0.06 AC
Sale Type	Investment	Building Size	5,400 SF
Net Initial Yield	7.52%	Average Occupancy	100%
No. Units	6	Number of Floors	3
Property Type	Residential	Year Built	1905
Property Subtype	Apartment	Parking Ratio	1.11/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,245,643
Price Per Unit	£207,607
Sale Type	Investment
Net Initial Yield	7.52%
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.06 AC
Building Size	5,400 SF
Average Occupancy	100%
Number of Floors	3
Year Built	1905
Parking Ratio	1.11/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Site Amenities

24 Hour Access
Fenced Lot

Security System
Storage Space

Bicycle Storage

Public Transportation

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	6	-	-

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aerial
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743 Macdonough St, Brooklyn, NY - aerial map view - Image1

743 Macdonough St, Brooklyn, NY - aerial map view - Image2

743 Macdonough St, Brooklyn, NY - aerial map view - Image3

743 Macdonough St, Brooklyn, NY - aerial map view - Image4

Walk Score ®

Walker's Paradise (93)

Transit Score ®

Rider's Paradise (100)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	01498-0065	Total Assessment	£469,822 (2024)
Land Assessment	£3,883 (2024)	Annual Taxes	£6,049 (£1.12/sf)
Improvements Assessment	£465,940 (2024)	Tax Year	2023