Reimagined Two-Family
For Sale
$3,850,000
241 Mac Donough St, Brooklyn, NY 11233
Four-level townhouse with a separate garden residence, private outdoor areas, and direct roof access.
Property Size3,935 SF
Days on Market49
Property Features for 241 Mac Donough St
General Information
Standard status
Active
Size
3,935 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,509
Amenities
wood-burning fireplace
deck
garden
roof terrace
zoned air conditioning
built-in speaker system
in-unit laundry
Building Details
Building Size
3,935 SF
Year Built
1899
Buildings
1
Stories
3
Units
2
Listing Agency:
Compass
Listed By:
Tali Berzak · License #10301209148
(917) 246-8581
Source:
Elliman
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 3:34PM
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 Compass
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Investment Insights
Based on property information with market context.
This two-family townhouse, built in 1899, combines a full-height owner’s residence with a separate garden apartment. The main home spans four levels plus a finished cellar and includes an open parlor-floor living and dining area, a wood-burning fireplace, and a kitchen with a Calacatta Oro island, Oak cabinetry, Bertazzoni six-burner gas range, and stainless-steel appliances. The upper floors provide a primary suite, office or nursery space, three additional bedrooms, and two full baths. Oak floors, zoned air conditioning, and a built-in speaker system extend throughout the home.
The garden residence has its own entrance, full bath, kitchenette, living and dining area, in-unit laundry, and direct backyard access. Outdoor space includes a private garden, parlor-floor deck, and roof terrace. The property is located at 241 Mac Donough St in Brooklyn’s Stuyvesant Heights Historic District, near the A and C subway lines, B26 bus, restaurants, parks, and cultural destinations. Walk Score is 92, Transit Score is 98, and Bike Score is 67.
The garden residence has its own entrance, full bath, kitchenette, living and dining area, in-unit laundry, and direct backyard access. Outdoor space includes a private garden, parlor-floor deck, and roof terrace. The property is located at 241 Mac Donough St in Brooklyn’s Stuyvesant Heights Historic District, near the A and C subway lines, B26 bus, restaurants, parks, and cultural destinations. Walk Score is 92, Transit Score is 98, and Bike Score is 67.
Key Highlights
- Two‑family townhouse built in 1899
- Four‑level owner’s residence with finished cellar and roof access
- Separate garden residence with kitchenette, full bath, laundry, and backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,810
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,756,200
$2.8M
Cap Rate 7%
$1,968,714
$2.0M
Cap Rate 9%
$1,531,222
$1.5M
Market Conditions
NOI Build-Up for 3,935 SF
Gross rent
$200.7K $51.00/SF
− Vacancy
−$3.8K −$0.97/SF
EGI
$196.9K $50.03/SF
− OpEx
−$59.1K −$15.01/SF
NOI
$137.8K $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 Rate 5%
$2,756,200
Cap Rate 7%
$1,968,714
Cap Rate 9%
$1,531,222
Alternative Uses
Best Use
Multifamily LT 5
$1.97M
$1.72M – $2.30M
NOI $137,810 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,131 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$3.26M
$2.85M – $3.80M
NOI $228,073 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,369
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Four-level townhouse with a separate garden residence, private outdoor areas, and direct roof access.
Where is this duplex located?
The property is located at 241 Mac Donough St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Two‑family townhouse built in 1899; Four‑level owner’s residence with finished cellar and roof access; Separate garden residence with kitchenette, full bath, laundry, and backyard access
