Brick Two-Unit
New
For Sale
$1,799,000
191 McDonald Avenue, Brooklyn, NY 11218
Residential Income, Brooklyn, NY
Property Size1,583 SF
Lot Size0.11 Acres
Price / SF$1,136
Days on Market1
Property Features for 191 McDonald Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking
1
Parking features
Garage, Driveway
Interior features
First Floor Bedroom, Kitchen Island, Open Kitchen, Walk Through Kitchen, Washer/Dryer Hookup
Lot features
Back Yard, Front Yard, Garden, Irregular Lot, Near Public Transit, Near School, Near Shops, Paved
Elementary school
Ps 130 Parkside
Middle school
Ms 839
High school
Brooklyn High School Of The Arts
Elementary school district
Brooklyn 15
Middle school district
Brooklyn 15
High school district
Brooklyn 15
Directions
GPS / WAZE
Standard status
Active
APN
05270-0058
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3314
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
garage
backyard
Building Details
Year built
1950
Number of units
2
Building materials
Brick
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
John J. Ricco · License #10301223525
(646) 247-3290
Added: Sep 9
Last Checked: Sep 9 at 10:06PM
MLS# 1048842
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.
Investment Insights
Based on property information with market context.
This brick duplex contains two separate apartments within approximately 1,583 square feet of building area. The property includes a ground-floor garage, driveway parking, and a backyard. Interior features include first-floor bedroom space, open and walk-through kitchen areas, a kitchen island, and washer/dryer hookups. Public water and public sewer serve the property, with hot-water heating and window or wall/window cooling units.
The property occupies an irregular 2,541-square-foot tax lot with approximately 41.33 feet of frontage. It is located at 191 McDonald Avenue in Windsor Terrace, Brooklyn, near neighborhood shopping, dining, Prospect Park, and subway service. R5 zoning may support expansion or redevelopment, subject to applicable laws, approvals, site constraints, and independent verification.
The property occupies an irregular 2,541-square-foot tax lot with approximately 41.33 feet of frontage. It is located at 191 McDonald Avenue in Windsor Terrace, Brooklyn, near neighborhood shopping, dining, Prospect Park, and subway service. R5 zoning may support expansion or redevelopment, subject to applicable laws, approvals, site constraints, and independent verification.
Key Highlights
- Two separate apartments in a brick duplex
- Approximately 1,583 square feet of building area
- Irregular 2,541‑square‑foot tax lot with approximately 41.33 feet of frontage
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
$55,439
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
3.08%
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%
$1,108,780
$1.1M
Cap Rate 7%
$791,986
$792.0K
Cap Rate 9%
$615,989
$616.0K
Market Conditions
NOI Build-Up for 1,583 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
$80.7K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$79.2K $50.03/SF
− OpEx
−$23.8K −$15.01/SF
NOI
$55.4K $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%
$1,108,780
Cap Rate 7%
$791,986
Cap Rate 9%
$615,989
Alternative Uses
Best Use
Multifamily LT 5
$792.0K
$693.0K – $924.0K
NOI $55,439 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$690.4K
$604.1K – $805.5K
NOI $48,327 @ 7.0% cap · market cap 2.69%
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,751 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Ground-floor garage and backyard complement the two-apartment layout.
Where is this duplex located?
The property is located at 191 McDonald Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Two separate apartments in a brick duplex; Approximately 1,583 square feet of building area; Irregular 2,541‑square‑foot tax lot with approximately 41.33 feet of frontage
