Pre-War Two-Family
505 Macon Street Brooklyn, NY 11233
505 Macon Street, Brooklyn, NY, 11233
$1,800,000
For Sale
$1,800,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,850 SF
Lot Size0.05 Acres
Price / SF$631.58
Days on Market304
Property Features for 505 Macon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2
- Basement
- Full
- Standard status
- Active
- APN
- 01666-0076
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6217
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1901
- Number of units
- 2
- Building materials
- Brownstone
Listing agency
eXp Realty
(888) 276-0630
Listed by
Raymond Reis III
(917) 336-1118
Added: Sep 22, 2025 Updated: Jul 17 at 9:20PM Checked: Jul 22 at 8:06PM
MLS# 915646
Copyright © 2026 OneKey MLS. 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.
505 Macon Street is a stately, three-story pre-war two-family brownstone with a basement/cellar, built in 1901. The home is currently configured as two apartments spread across three floors, with additional space in the basement/cellar. Period elements remain throughout, including period woodwork and fireplaces, along with other pre-war details that can be restored and incorporated into a new design. The property is well-suited for a gut renovation approach, whether you’re planning to preserve and reintroduce original character or reimagine the interior layout to fit a specific ownership and income goal.
The property sits on a 20' x 100' lot and includes a private backyard. It is located in Stuyvesant Heights between Stuyvesant Avenue and Malcolm X Boulevard, on a picturesque block lined with restored townhomes. Convenient transit access is noted to the A/C subway lines.
For tenants, buyers, and investors, the existing two-family structure provides a straightforward foundation for customization and modernization. The combination of pre-war architectural details, the multi-floor layout, and the additional basement/cellar space make this an appropriate candidate for an owner-occupant triplex plan with potential for a separate rental unit, or for maintaining a two-family arrangement with updated finishes and systems.
The property sits on a 20' x 100' lot and includes a private backyard. It is located in Stuyvesant Heights between Stuyvesant Avenue and Malcolm X Boulevard, on a picturesque block lined with restored townhomes. Convenient transit access is noted to the A/C subway lines.
For tenants, buyers, and investors, the existing two-family structure provides a straightforward foundation for customization and modernization. The combination of pre-war architectural details, the multi-floor layout, and the additional basement/cellar space make this an appropriate candidate for an owner-occupant triplex plan with potential for a separate rental unit, or for maintaining a two-family arrangement with updated finishes and systems.
Key Highlights
- Three‑story two‑family brownstone built in 1901 with basement/cellar, on a 20' x 100' lot
- Approximately 2,850 SF total with original pre‑war details including period woodwork and fireplaces
- Currently configured as two apartments across three floors with additional basement/cellar space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.4k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $142.6k | $50.03 |
| − OpEx | −$42.8k | −$15.01 |
| NOI | $99.8k | $35.02 |
2,850 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three-story two-family brownstone with basement/cellar, offering original details and a gut renovation opportunity.
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: Three‑story two‑family brownstone built in 1901 with basement/cellar, on a 20' x 100' lot; Approximately 2,850 SF total with original pre‑war details including period woodwork and fireplaces; Currently configured as two apartments across three floors with additional basement/cellar space
