Three-Story Brownstone
For Sale
$1,800,000
505 Macon Street, Brooklyn, NY 11233
Two apartments span three floors, with a basement and private backyard offering additional space.
Property Size2,850 SF
Lot Size0.05 Acres
Price / SF$631.58
Days on Market380
Property Features for 505 Macon Street
General Information
Standard status
Active
Size
2,850 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Property Condition
Severity
Major Repairs Needed
Evidence
gut renovation
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,217
Building Details
Building Size
2,850 SF
Year Built
1901
Buildings
1
Stories
3
Construction
brownstone
Listing Agency:
EXP Realty NYC
Listed By:
Raymond P Reis
(888) 276-0630
Source:
Carlinwright
Added: Sep 23, 2025
Changed: Oct 6
Last Checked: Oct 6 at 12:45AM
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 EXP Realty NYC
Investment Insights
Based on property information with market context.
This 1901 brownstone is arranged as two apartments across three stories, with a basement/cellar and a private backyard. The approximately 2,850-square-foot building retains period woodwork, fireplaces, and other pre-war details. A substantial renovation is needed, and the existing configuration provides a basis for a redesigned two-family property or a different residential layout.
On Macon Street between Stuyvesant Avenue and Malcolm X Boulevard, the property is in Stuyvesant Heights. Neighborhood dining and access to the A and C subway lines are nearby.
On Macon Street between Stuyvesant Avenue and Malcolm X Boulevard, the property is in Stuyvesant Heights. Neighborhood dining and access to the A and C subway lines are nearby.
Key Highlights
- Two apartments across three floors
- Approximately 2,850 square feet
- 20’ x 100’ lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,812
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,240
$2.0M
Cap Rate 7%
$1,425,886
$1.4M
Cap Rate 9%
$1,109,022
$1.1M
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$145.4K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$142.6K $50.03/SF
− OpEx
−$42.8K −$15.01/SF
NOI
$99.8K $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%
$1,996,240
Cap Rate 7%
$1,425,886
Cap Rate 9%
$1,109,022
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,812 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,008 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$2.36M
$2.06M – $2.75M
NOI $165,186 @ 7.0% cap · market cap 9.18%
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
3,932
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 - Two apartments span three floors, with a basement and private backyard offering additional space.
Where is this duplex located?
The property is located at 505 Macon Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two apartments across three floors; Approximately 2,850 square feet; 20’ x 100’ lot
