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Ocean Hill Multifamily Investment Property
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314 MacDougal St, Brooklyn, NY 11233

Multifamily property in Ocean Hill, Brooklyn near train lines.

Property Size4,500 SF
Price / SF$255.56
Days on Market194

Property Features for 314 MacDougal St

General Information

Standard status Active
Size 4,500 SF
Class B
Property subtype Multifamily
Zoning R6
Occupancy 100%
Investment Type Stabilized
Net Operating Income $108,591

Building Details

Year Built 1907
Year Renovated 2016
Buildings 1
Stories 3
Units 6
Listing Agency: Marcus & Millichap - Manhattan
Listed By: Matthew Peters · License #NY 10401271961
Source: Crexi
Added: Feb 11 Changed: Aug 8 Last Checked: Aug 24 at 5:07AM

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 Marcus & Millichap - Manhattan

Investment Insights

Based on property information with market context.

Located at 314 Macdougal Street in the Ocean Hill section of Brooklyn, NY, this multifamily property offers an investment opportunity. The building includes a basement with mechanicals and potential for storage. The ground floor features two apartments, each with 2 bedrooms and 1 bathroom in a railroad-style layout. The second floor also contains two apartments, each with 2 bedrooms and 1 bathroom in a railroad-style layout. One of these units is rent stabilized, while the other is a free market unit. The third floor has two apartments: one with 3 bedrooms, 1 bathroom, and an in-unit washer/dryer, and the other with 3 bedrooms and 1 bathroom in a railroad layout. Both third-floor units are free market. The property is within walking distance of the A, C, J, and Z train lines at Broadway Junction, as well as neighborhood shops and restaurants.

Key Highlights

  • Located in Ocean Hill, Brooklyn, near the A, C, J, & Z train lines.
  • Six apartments, offering income potential.
  • Two free‑market apartments (3R & 3L) on the third floor.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,685
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property in Ocean Hill, Brooklyn near train lines.
Where is this apartment building located?
The property is located at 314 MacDougal St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Located in Ocean Hill, Brooklyn, near the A, C, J, & Z train lines.; Six apartments, offering income potential.; Two free‑market apartments (3R & 3L) on the third floor.
More about this property
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