Duplex With Private
For Sale
$1,575,000
153 MacKenzie Street, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property Size2,098 SF
Lot Size0.08 Acres
Price / SF$750.71
Days on Market108
Property Features for 153 MacKenzie Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 5
Parking features
Garage - Attached
Interior features
Central Air - Split, Microwave, Refrigerator, Stove, Terrace
Subdivision
Manhattan Beach
Standard status
Active
Size
2,098 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
13138
Amenities
radiant-heated floors
hardwood flooring
split-level ductless air conditioning
fully tiled bathrooms
private second-floor terrace
backyard
Building Details
Year built
1940
Number of units
2
Flooring type
Hardwood, Tile
Listing Agency:
Amerihomes Realty of NY, Inc.
(718) 891-2626
Listed By:
Irina Kurdakova
(718) 891-2626
Added: Apr 28
Changed: Aug 5
Last Checked: Aug 13 at 11:06AM
MLS# 500959
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 duplex contains 2,098 square feet across two residences on a 0.0758-acre lot. The ground-level home includes two bedrooms, one full bath, and one half bath, while the upper residence provides three bedrooms, one full bath, and an additional half bath. The upper unit also features a jacuzzi tub, separate shower, and private terrace. Both residences have hardwood and tile flooring, radiant-heated floors, fully tiled bathrooms, and ductless split-system air conditioning with room-by-room temperature controls. The property was built in 1940 and includes an attached garage, a paved three-car driveway, and a semi-paved backyard.
The property is located on MacKenzie Street in Brooklyn’s Manhattan Beach area, near the public shoreline, a private beach, and Sheepshead Bay Marina. Both units are currently occupied by a family. Zoning is R3-1.
The property is located on MacKenzie Street in Brooklyn’s Manhattan Beach area, near the public shoreline, a private beach, and Sheepshead Bay Marina. Both units are currently occupied by a family. Zoning is R3-1.
Key Highlights
- Duplex with 2,098 square feet on a 0.0758‑acre lot
- Two‑bedroom lower residence and three‑bedroom upper residence
- Private second‑floor terrace plus semi‑paved backyard
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer separate layouts, outdoor space, split-system cooling, and an attached garage in Brooklyn’s Manhattan Beach area.
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: Duplex with 2,098 square feet on a 0.0758‑acre lot; Two‑bedroom lower residence and three‑bedroom upper residence; Private second‑floor terrace plus semi‑paved backyard
