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Two-Building Five-Family Package

2196 McDonald Avenue Brooklyn, NY 11223

2196 McDonald Avenue, Brooklyn, NY, 11223
$1,800,000
For Sale
Claim this Listing
$1,800,000

MULTI_FAMILY - Brooklyn, NY

Property Size5,063 SF
Lot Size0.16 Acres
Price / SF$355.52
AddedOct 9, 2024
Days on Market644
Last RefreshJul 14 at 10:06 pm

Property Features for 2196 McDonald Avenue

General Information

Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R4A, M1-1
Bedrooms
14
Bathrooms
5
Rooms
Bathroom 4, Bedroom 3, Bedroom 9, Bedroom 14, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 10, Bathroom 2, Bedroom 8, Bedroom 13, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 12, Bedroom 11, Bedroom 4, Bedroom 1
Interior features
Refrigerator, Stove
Basement
Unfinished, Full
Standard status
Active
Size
5,063 SF
Lot size
0.16 Acres

Taxes and HOA fees

Tax Annual Amount
12408

Building Details

Year built
1920
Floors in Building
3
Number of units
5
Flooring type
Tile, Hardwood
Roof type
Rubber
Architectural style
Other

Listing agent Gus Ktistakis

Listing office BHHS Fillmore R.E. 4717 Avenue N, Brooklyn, NY

Listing date Oct 9, 2024

MLS# 486644 Listing URL

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 two-building multi-family package totals a five-family structure. The first building is configured as a 3-family with 4 bedrooms and a 3-over-3 layout. The second building is a 2-family with a 2-over-2 bedroom arrangement. The property contains approximately 5,063 square feet on a 0.155-acre lot.

The listing is for 2196 McDonald Avenue and is being sold as a package deal that includes 2194 McDonald Avenue. Public remarks indicate the property is close to Avenue U and convenient to the F train and the B3 bus.

The property is listed under zoning R4A and M1-1. It is being offered for sale, with public remarks noting suitability for an owner-user, investor, or developer. Call to schedule a private tour.

Key Highlights

  • Being sold as a package with 2194 McDonald Avenue
  • Multi‑family setup on two buildings: 3‑family (4 bedrooms) and 2‑bedroom‑over‑2‑bedroom
  • 1st building: 3 over 3 with 4 bedrooms; 4 beds per unit configuration

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

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.

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 Uses

Best Use
Multifamily LT 5
$2.53M
$2.22M – $2.96M (±1% cap)
NOI $177,315 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$2.21M
$1.93M – $2.58M (±1% cap)
NOI $154,568 @ 7.0% cap · market cap 8.59%
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M (±1% cap)
NOI $293,451 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Law Firm Hotel & Motel Tattoo & Piercing Shop Nursing Home Bed & Breakfast Storage Facility Coworking & Hybrid Office Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Package includes two buildings totaling a five-family setup with 3-over-3 and 2-over-2 unit configurations.
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: Being sold as a package with 2194 McDonald Avenue; Multi‑family setup on two buildings: 3‑family (4 bedrooms) and 2‑bedroom‑over‑2‑bedroom; 1st building: 3 over 3 with 4 bedrooms; 4 beds per unit configuration
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