Coastal Duplex With Three-Car
For Sale
$1,575,000
153 Mackenzie Street, Brooklyn, NY 11235
Two residences with private outdoor areas, radiant-heated floors, and room-by-room ductless climate controls.
Property Size2,098 SF
Days on Market135
Property Features for 153 Mackenzie Street
General Information
Standard status
Active
Size
2,098 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Zoning
R3-1
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 3BR/1.5BA
Multifamily Units
2
Amenities
radiant-heated floors
hardwood flooring
split-level ductless air conditioning
fully tiled bathrooms
private second-floor terrace
expansive backyard
Building Details
Building Size
2,098 SF
Year Built
1940
Buildings
1
Listing Agency:
Amerihomes Realty Of Ny, Inc.
Listed By:
Irina Kurdakova
(718) 891-2626
Source:
Excellchoicerealty
Added: Apr 28
Changed: Sep 8
Last Checked: Sep 8 at 7:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Amerihomes Realty Of Ny, Inc.
Investment Insights
Based on property information with market context.
Built in 1940, this two-unit residence includes a two-bedroom ground-floor apartment and a three-bedroom second-floor apartment. The lower unit has one full bath and one half bath, while the upper unit includes a full bathroom with a jacuzzi tub and separate shower, plus an additional half bath. Both residences feature hardwood flooring, radiant-heated floors, fully tiled bathrooms, and split-level ductless air conditioning with individual temperature controls in every room.
The property at 153 MacKenzie St includes an oversized lot, a fully paved three-car driveway, and a large semi-paved backyard. The second-floor unit also has a private terrace. The public shoreline and a private beach are nearby, and Sheepshead Bay Marina is minutes away. Walk Score is 87, Transit Score is 72, and BikeScore is 61. Both units are currently occupied by a family.
The property at 153 MacKenzie St includes an oversized lot, a fully paved three-car driveway, and a large semi-paved backyard. The second-floor unit also has a private terrace. The public shoreline and a private beach are nearby, and Sheepshead Bay Marina is minutes away. Walk Score is 87, Transit Score is 72, and BikeScore is 61. Both units are currently occupied by a family.
Key Highlights
- Two‑unit property built in 1940
- Ground‑floor 2‑bedroom unit and second‑floor 3‑bedroom unit
- Three‑car paved driveway on an oversized lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,476
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,469,520
$1.5M
Cap Rate 7%
$1,049,657
$1.0M
Cap Rate 9%
$816,400
$816.4K
Market Conditions
NOI Build-Up for 2,098 SF
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.
Gross rent
$107.0K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$105.0K $50.03/SF
− OpEx
−$31.5K −$15.01/SF
NOI
$73.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,469,520
Cap Rate 7%
$1,049,657
Cap Rate 9%
$816,400
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.5K – $1.22M
NOI $73,476 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$915.0K
$800.6K – $1.07M
NOI $64,050 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,600 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences with private outdoor areas, radiant-heated floors, and room-by-room ductless climate controls.
Where is this duplex located?
The property is located at 153 Mackenzie Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Two‑unit property built in 1940; Ground‑floor 2‑bedroom unit and second‑floor 3‑bedroom unit; Three‑car paved driveway on an oversized lot
