Two-Family Brick
New
For Sale
$1,695,000
29 MACDOUGAL St, Brooklyn, NY 11233
Four-story duplex with an owner’s triplex, separate garden-level unit, private outdoor areas, and 2013 construction.
Property Size3,560 SF
Lot Size0.03 Acres
Price / SF$476.12
Days on Market2
Property Features for 29 MACDOUGAL St
General Information
Standard status
Active
Size
3,560 SF
Lot size
0.03 Acres
Property subtype
Multi Family
Zoning
R6B
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,100
Amenities
rooftop decks
private balcony
laundry room
private backyard
Building Details
Building Size
3,560 SF
Year Built
2013
Buildings
1
Stories
4
Units
2
Construction
brick
Listing Agency:
Decode Real Estate
Listed By:
Sean Adu-Gyamfi
(646) 527-1436
Source:
Elliman
Added: Sep 9
Last Checked: Sep 9 at 3:25PM
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 Decode Real Estate
Investment Insights
Based on property information with market context.
Built in 2013, this 3,560-square-foot two-unit brick townhouse at 29 MacDougal Street includes an owner’s triplex and a separately accessed garden duplex. The triplex features 18.5-foot double-height ceilings, oversized windows, oak flooring, a floating staircase, a kitchen with island seating and stainless steel appliances, three additional bedrooms, a primary suite, dedicated laundry, balconies, and two roof terraces. The lower duplex offers two bedrooms, two baths, an open kitchen, oak flooring, a finished cellar recreation level, laundry, and direct access to a private backyard measuring approximately 14 by 39 feet.
The property has R6B zoning, a 1,500-square-foot lot, 15-foot by 100-foot lot dimensions, 14.83-foot by 60-foot building dimensions, four stories, and two residential units. Ralph Avenue’s C station is at the end of the block, with access to the A line; the A express at Utica Avenue is also nearby. Fulton Street bus service includes the B25 and B47 routes.
The property has R6B zoning, a 1,500-square-foot lot, 15-foot by 100-foot lot dimensions, 14.83-foot by 60-foot building dimensions, four stories, and two residential units. Ralph Avenue’s C station is at the end of the block, with access to the A line; the A express at Utica Avenue is also nearby. Fulton Street bus service includes the B25 and B47 routes.
Key Highlights
- 3,560‑square‑foot two‑family townhouse built in 2013
- Owner’s triplex plus separate duplex garden unit
- 18.5‑foot double‑height great room ceilings with oversized windows
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
$124,677
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
7.36%
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%
$2,493,540
$2.5M
Cap Rate 7%
$1,781,100
$1.8M
Cap Rate 9%
$1,385,300
$1.4M
Market Conditions
NOI Build-Up for 3,560 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
$181.6K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$178.1K $50.03/SF
− OpEx
−$53.4K −$15.01/SF
NOI
$124.7K $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 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%
$2,493,540
Cap Rate 7%
$1,781,100
Cap Rate 9%
$1,385,300
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,677 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,683 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$2.95M
$2.58M – $3.44M
NOI $206,338 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,577
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Four-story duplex with an owner’s triplex, separate garden-level unit, private outdoor areas, and 2013 construction.
Where is this duplex located?
The property is located at 29 MACDOUGAL St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 3,560‑square‑foot two‑family townhouse built in 2013; Owner’s triplex plus separate duplex garden unit; 18.5‑foot double‑height great room ceilings with oversized windows
