Renovated 4-Unit
364 MACON St, Brooklyn, NY 11233
For Sale
$2,825,000
The legal four-family property includes central air, hardwood floors, and laundry within each residence.
Property Size4,082 SF
Price / SF$692.06
Days on Market52
Property Features for 364 MACON St
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Central air
hardwood floors
in-unit washer/dryers
Massive Private Backyard
Building Details
Building Size
Year Built
Buildings
Units
Listed By:
Filip Kotarlic
(929) 669-5031
Source:
Elliman
Added: Sep 24
Changed: Nov 5
Last Checked: Nov 12 at 9:05AM
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 Filip Kotarlic
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Investment Insights
Based on property information with market context.
This 4,082-square-foot Brooklyn quadplex is configured as a legal four-family property and was built in 1899. Renovations extend throughout the building, which has central air, hardwood flooring, and in-unit washer/dryers. The basement has 7.6-foot ceilings, and approved plans cover a duplex configuration connecting the lower unit with the basement. A private backyard adds outdoor space to the property.
The building is located in the Bedford-Stuyvesant / Expanded Stuyvesant Heights Historic District. A/C subway service and neighborhood amenities are accessible from the property.
The building is located in the Bedford-Stuyvesant / Expanded Stuyvesant Heights Historic District. A/C subway service and neighborhood amenities are accessible from the property.
Key Highlights
- Legal four‑family property with 4,082 SF
- Renovations throughout; built in 1899
- Approved duplex plans for the lower unit and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,959
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,859,180
$2.9M
Cap Rate 7%
$2,042,271
$2.0M
Cap Rate 9%
$1,588,433
$1.6M
Market Conditions
NOI Build-Up for 4,082 SF
Gross rent
$208.2K $51.00/SF
− Vacancy
−$4.0K −$0.97/SF
EGI
$204.2K $50.03/SF
− OpEx
−$61.3K −$15.01/SF
NOI
$143.0K $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%
$2,859,180
Cap Rate 7%
$2,042,271
Cap Rate 9%
$1,588,433
Alternative Uses
Best Use
Multifamily LT 5
$2.04M
$1.79M – $2.38M
NOI $142,959 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,619 @ 7.0% cap · market cap 4.41%
Theoretical Best
Specialty Retail
$3.38M
$2.96M – $3.94M
NOI $236,593 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
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
$1,013,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The legal four-family property includes central air, hardwood floors, and laundry within each residence.
Where is this quadplex located?
The property is located at 364 MACON St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,825,000.
What are key features of this property?
This property features: Legal four‑family property with 4,082 SF; Renovations throughout; built in 1899; Approved duplex plans for the lower unit and basement
