Multifamily Property Near Avenue
2196 McDonald Avenue, Brooklyn, NY 11223
Multifamily property near transportation, ideal for investors or developers.
Type:Multi Family
Property size:
5,063 SFLot size:
0.15 AcresPrice / SF:
$355/SF- Added:
- Mar 24, 2026
- Days on Market:
- 61
- Last Refresh:
- Apr 5 at 10:09 pm
Property Features for 2196 McDonald Avenue
General Information
- Standard status
- Active
- Size
- 5,063 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agent Gus Ktistakis
Listing office BHHS Fillmore R.E. (718) 377-6161
Listing date Mar 24, 2026
Source Exitrealty
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 BHHS Fillmore R.E.
HighLights
- Package deal with 2194 McDonald Avenue.
- Multi‑family home with a total of 5 units.
- First building has 3 units, each with 4 bedrooms and 3 bathrooms.
- Second building has 2 units, each with 2 bedrooms.
- Conveniently located near Avenue U, F train, and B3 Bus.
- Great investment opportunity for owner, user, or developer.
Overview
This multifamily property is being sold as a package deal with another building. The property has dimensions of 45 x 75. The first building is a 3-family structure with 4 bedrooms over 3 bedrooms. The second building contains 2 bedrooms over 2 bedrooms. The property is located close to Avenue U, the F train, and the B3 Bus. This presents an investment opportunity for an owner, user, or developer.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.72M
NOI $154,568 @ 9.00% cap · cautious / downside scenario
Moderate
$2.21M
NOI $154,568 @ 7.00% cap · market / base-case scenario
Aggressive
$3.09M
NOI $154,568 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $286.8k | $56.64 |
| − Vacancy | −$5.7k | −$1.13 |
| EGI | $281.0k | $55.51 |
| − OpEx | −$126.5k | −$24.98 |
| NOI | $154.6k | $30.53 |
5,063 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$2.21M
$1.93M – $2.58M
NOI $154,568 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,451 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.973075
- Latitude
- 40.598639
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property near transportation, ideal for investors or developers.
Where is this apartment building located?
The property is located at 2196 McDonald Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Package deal with 2194 McDonald Avenue.; Multi‑family home with a total of 5 units.; First building has 3 units, each with 4 bedrooms and 3 bathrooms.
