Triplex With Porch and
For Sale
$850,000
2416 McDonald Avenue, New York, NY 11223
SINGLE_FAMILY - New York, NY
Property Size1,104 SF
Lot Size0.06 Acres
Price / SF$769.93
Days on Market811
Property Features for 2416 McDonald Avenue
General Information
Property type
Residential
Property subtype
Triplex
Zoning
R5
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
Patio and Porch features
Porch
Interior features
Dishwasher, Dryer, Laundry Area, Porch, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Gravesend
Standard status
Active
Size
1,104 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4145
Amenities
front porch
backyard
finished basement
Building Details
Year built
1910
Flooring type
Ceramic, Hardwood
Roof type
Flat, Shingle
Architectural style
Other
Listing Agency:
Revived Residential
(929) 379-3750
Listed By:
Joseph C. Forzano
(929) 379-3750
Added: Jun 13, 2024
Changed: Aug 4
Last Checked: Sep 1 at 2:06AM
MLS# 483860
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.
R5-zoned Gravesend residence with a front porch, finished basement, and a large backyard for outdoor entertaining. The home includes four bedrooms and three bathrooms, with interior features such as a dishwasher, dryer, refrigerator, stove, washer, and a dedicated laundry area. Flooring includes ceramic and hardwood, and the roof is listed as shingle and flat.
Outside, enjoy a private driveway with parking for 4 cars plus garage, along with the porch and outdoor space described as a huge backyard. The lot size is 0.0631 acres, and the property was built in 1910.
The listing notes unused FAR of 2,338, which supports the stated potential for expansion or development within the R5 zoning framework.
Outside, enjoy a private driveway with parking for 4 cars plus garage, along with the porch and outdoor space described as a huge backyard. The lot size is 0.0631 acres, and the property was built in 1910.
The listing notes unused FAR of 2,338, which supports the stated potential for expansion or development within the R5 zoning framework.
Key Highlights
- R5 zoning and unused FAR of 2,338 for expansion or development potential
- Private driveway with parking for 4 cars plus garage
- Four bedrooms and three bathrooms with a finished basement
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
$37,363
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
4.40%
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%
$747,260
$747.3K
Cap Rate 7%
$533,757
$533.8K
Cap Rate 9%
$415,144
$415.1K
Market Conditions
NOI Build-Up for 1,104 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
$56.3K $51.00/SF
− Vacancy
−$2.9K −$2.65/SF
EGI
$53.4K $48.35/SF
− OpEx
−$16.0K −$14.50/SF
NOI
$37.4K $33.84/SF
Area
New York, NY
Vacancy
5.20%
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%
$747,260
Cap Rate 7%
$533,757
Cap Rate 9%
$415,144
Alternative Uses
Best Use
Multifamily LT 5
$533.8K
$467.0K – $622.7K
NOI $37,363 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$493.4K
$431.8K – $575.7K
NOI $34,541 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$2.75M
$2.40M – $3.21M
NOI $192,361 @ 7.0% cap · market cap 22.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,655
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R5-zoned Gravesend home with a front porch, finished basement, and private driveway plus garage.
Where is this triplex located?
The property is located at 2416 McDonald Avenue New York, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: R5 zoning and unused FAR of 2,338 for expansion or development potential; Private driveway with parking for 4 cars plus garage; Four bedrooms and three bathrooms with a finished basement
