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    711 Macdonough St Brooklyn, NY 11233

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    Pending
    $1,548,000

    Three-story limestone with modern touches, redesigned layout, and finished basement.

    Lot size:
    0.05 Acres

    Property Features for 711 Macdonough St

    General Information

    Property type
    Multi Family
    Standard status
    Pending
    Lot size
    0.05 Acres

    Building Details

    Year built
    1910

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    Listing Contact
    Anthony Mussolino
    Source: Elliman

    Listing Agency: Ben Bay Realty Co Of Bay Ridge Listing Agent: Anthony Mussolino

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Classic Limestone Multifamily in Brooklyn

    This three-story limestone building in Bedford Stuyvesant offers over 3000 sq. ft. of living space, plus a full finished basement. The property retains much of its original woodwork, moldings, doors, and fireplaces. The first floor features a custom kitchen with granite countertops, an island, stainless steel appliances, a full marble bath, a sunroom with vaulted ceilings and garden access, and an oversized bedroom with two closets. It also includes high-hat lighting and central air. The second floor, sun-drenched with high ceilings, contains two additional bedrooms for the owner, one en suite full bath with a tub, separate shower, double sink, a laundry room with a full-sized washer/dryer, and a foyer with original woodwork and doors. The top floor includes a three-bedroom rental unit with a full eat-in kitchen, bath, exposed hardwood floors, and large windows with original moldings. The fully finished basement offers three rooms, suitable for a work-at-home space or children's play area, a full bath, and high ceilings. Custom closets are located throughout the building. The property includes a private backyard suitable for entertaining and gardening. Located one block from Saratoga Park, the building's dimensions are 20'x60' for the first floor and 20'x50' for the 2nd and 3rd floors. Built in 1910.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.915831
    Latitude
    40.684432

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    FAQs

    What type of property is this?
    Multifamily property - Three-story limestone with modern touches, redesigned layout, and finished basement.
    Where is this multifamily property located?
    The property is located at 711 Macdonough St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,548,000.
    What are key features of this property?
    This property features: - Price Reduction on a Classic Limestone Home; - Over 3000 sq. ft. plus Full Finished Basement; - Unique Layout: Owner's Duplex (2nd/3rd Floors) + 3-Bedroom Rental Unit (Top Floor)
    (718) 238-6080
    Request Owner's contact information
    711 Macdonough St Brooklyn, NY 11233
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    Brooklyn, NY 11233
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    711 Macdonough St Brooklyn, NY 11233
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    Listing Contact
    Anthony Mussolino
    (718) 238-6080 (718) 680-6442
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