Two-Building Five-Family
2196 McDonald Avenue Brooklyn, NY 11223
2196 McDonald Avenue, Brooklyn, NY, 11223
$1,800,000
For Sale
$1,800,000
MULTI_FAMILY - Brooklyn, NY
Property Size5,063 SF
Lot Size0.16 Acres
Price / SF$355.52
Days on Market652
Property Features for 2196 McDonald Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- R4A, M1-1
- Bedrooms
- 14
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bedroom 3, Bedroom 9, Bedroom 14, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 10, Bathroom 2, Bedroom 8, Bedroom 13, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 12, Bedroom 11, Bedroom 4, Bedroom 1
- Interior features
- Refrigerator, Stove
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 5,063 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12408
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Tile, Hardwood
- Roof type
- Rubber
- Architectural style
- Other
Listing agency
BHHS Fillmore R.E.
(718) 377-6161
Listed by
Gus Ktistakis
(718) 368-2500
Added: Oct 9, 2024 Updated: Jul 11 at 6:34PM Checked: Jul 22 at 11:06AM
MLS# 486644
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-building multi-family package totals a five-family structure. The first building is configured as a 3-family with 4 bedrooms and a 3-over-3 layout. The second building is a 2-family with a 2-over-2 bedroom arrangement. The property contains approximately 5,063 square feet on a 0.155-acre lot.
The listing is for 2196 McDonald Avenue and is being sold as a package deal that includes 2194 McDonald Avenue. Public remarks indicate the property is close to Avenue U and convenient to the F train and the B3 bus.
The property is listed under zoning R4A and M1-1. It is being offered for sale, with public remarks noting suitability for an owner-user, investor, or developer. Call to schedule a private tour.
The listing is for 2196 McDonald Avenue and is being sold as a package deal that includes 2194 McDonald Avenue. Public remarks indicate the property is close to Avenue U and convenient to the F train and the B3 bus.
The property is listed under zoning R4A and M1-1. It is being offered for sale, with public remarks noting suitability for an owner-user, investor, or developer. Call to schedule a private tour.
Key Highlights
- Being sold as a package with 2194 McDonald Avenue
- Multi‑family setup on two buildings: 3‑family (4 bedrooms) and 2‑bedroom‑over‑2‑bedroom
- 1st building: 3 over 3 with 4 bedrooms; 4 beds per unit configuration
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $286.8k | $56.64 |
| − Vacancy | −$5.7k | −$1.13 |
| EGI | $281.0k | $55.51 |
| − OpEx | −$126.5k | −$24.98 |
| NOI | $154.6k | $30.53 |
5,063 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.53M
$2.22M – $2.96M
NOI $177,315 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$2.21M
$1.93M – $2.58M
NOI $154,568 @ 7.0% cap · market cap 8.59%
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,451 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Package includes two buildings totaling a five-family setup with 3-over-3 and 2-over-2 unit configurations.
Where is this apartment building located?
The property is located at 2196 McDonald Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Being sold as a package with 2194 McDonald Avenue; Multi‑family setup on two buildings: 3‑family (4 bedrooms) and 2‑bedroom‑over‑2‑bedroom; 1st building: 3 over 3 with 4 bedrooms; 4 beds per unit configuration
