505 Macon Street, Brooklyn, NY 11233
MULTI_FAMILY - Brooklyn, NY
- Added:
- Sep 22, 2025
- Days on Market:
- 290
- Last Refresh:
- Jul 8 at 10:06 pm
Property Features for 505 Macon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4
- Basement
- Full
- Standard status
- Active
- APN
- 01666-0076
- Size
- 2,850 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6217
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1901
- Number of units
- 2
- Building materials
- Brownstone
Listing agent Raymond Reis III (917) 336-1118
Listing office eXp Realty 104 West 40th Street, 4th Fl, Hauppauge, NY (888) 276-0630
Listing date Sep 22, 2025
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three‑story 1901 brownstone currently configured as a two‑family home
- Approximately 2,850 SF with additional basement/cellar space
- Located on a 20' x 100' lot
- Original brownstone features include period woodwork and fireplaces
- Public water and public sewer
- Heating: hot water with natural gas
Overview
The property sits on a 20' x 100' lot and includes a private backyard. It is located in Stuyvesant Heights between Stuyvesant Avenue and Malcolm X Boulevard, on a picturesque block lined with restored townhomes. Convenient transit access is noted to the A/C subway lines.
For tenants, buyers, and investors, the existing two-family structure provides a straightforward foundation for customization and modernization. The combination of pre-war architectural details, the multi-floor layout, and the additional basement/cellar space make this an appropriate candidate for an owner-occupant triplex plan with potential for a separate rental unit, or for maintaining a two-family arrangement with updated finishes and systems.
Local Financial Insights For Multifamily LT 5
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 | $145.4k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $142.6k | $50.03 |
| − OpEx | −$42.8k | −$15.01 |
| NOI | $99.8k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9314
- Latitude
- 40.683409
