Listing Agency: Matthews

Listed By: DJ Johnston · License #NY 10401229409

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 5:38PM

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Investment Insights

Based on property information with market context.

This residential income multifamily property is offered for sale. The public remarks include a stated 5.10% cap rate.

The property is located at 216 Macon Street in Brooklyn, NY 11216.

Additional details on unit mix, building size, and condition were not provided in the available information.

Key Highlights

• Multifamily residential income property for sale with a stated 5.10% cap rate

Property Analytics

Property Profile

Current Use

Genevieve Uslander Foster Care Service

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Real Estate Agency Auto Parts Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,100

Businesses Nearby

Explore this area Business Placement

Demographics for 11216, NY

61,251

Population

28,825

Households

2.1

Avg Household Size

34

Median Age

56%

College-Educated

91%

High-School Grad

1.0 sq mi

ZIP Area

61,251

Density / Sq Mi

$95,000

Median Household Income

$61,389

Median Earnings

$2,180

Median Rent

$1,398,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily residential income property offered for sale with stated 5.10% cap rate.

Where is this multifamily property located?

The property is located at 216 Macon Street Brooklyn, NY.

What are key features of this property?

This property features: Multifamily residential income property for sale with a stated 5.10% cap rate