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743 Macdonough St
Brooklyn, NY 11233 Ocean Hill

$1,588,000 USD

Apartments For Sale • 5,400 SF

Property Details

Property Type Apartments
Total Building Size 5,400 SF
Lot Size 0.06 AC
Building Class C
Year Built 1905
Cap Rate 7.52 %
Zoning R6

100 Transit Score

93 Walk Score

                
                    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!!!

Financial Summary (Actual)

Net Operating Income: $119,345 USD (2023)

Cap Rate:	7.52 %
Total Expenses:	$16,495 USD

Amenities

24 Hour Access
Fenced Lot
Security System
Storage Space
Bicycle Storage
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	3 min	20 min	1.1 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	6 min	-	2.1 mi
Transit/Subway	Drive	Walk	Distance
Halsey Street (J Line) (J - New York MTA Subway (The Subway))	1 min	5 min	0.3 mi
Chauncey Street (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	1 min	6 min	0.4 mi
Gates Avenue (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	2 min	10 min	0.5 mi
Rockaway Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Ralph Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	2 min	12 min	0.6 mi
Airport	Drive	Walk	Distance
Laguardia	20 min	-	8.6 mi
John F Kennedy International	19 min	-	9.7 mi
Newark Liberty International	34 min	-	17.5 mi

Matthew Shane 516-279-8828 All Island Commercial

743 Macdonough St Brooklyn, NY 11233 Ocean Hill