Brownstone
For Sale
$1,800,000
505 Macon Street, Brooklyn, NY 11233
Residential Income, Brooklyn, NY
Property Size2,850 SF
Lot Size0.05 Acres
Price / SF$631.58
Days on Market385
Property Features for 505 Macon Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Basement
Full
High school
Boys And Girls High School
Elementary school district
Brooklyn 16
Middle school district
Brooklyn 16
High school district
Brooklyn 16
Directions
From Jackie Robinson Pkwy, take Bushwick Ave exit toward Broadway. Continue on Bushwick Ave, turn left on Broadway. Turn right on Macon St. Property is on the left.
Standard status
Active
APN
01666-0076
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6509
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
private backyard
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
Changed: Oct 5
Last Checked: Oct 11 at 4:06AM
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.
This two-family brownstone contains approximately 2,850 square feet on a 20-foot-by-100-foot lot. The current arrangement provides two apartments across three floors, with additional basement or cellar space. Period woodwork, fireplaces, and other pre-war details remain, and the property was built in 1901. A private backyard adds outdoor space.
The property is on Macon Street between Stuyvesant Avenue and Malcolm X Boulevard. A/C subway service is accessible from the surrounding area.
The property is on Macon Street between Stuyvesant Avenue and Malcolm X Boulevard. A/C subway service is accessible from the surrounding area.
Key Highlights
- Two apartments arranged over three floors
- Approximately 2,850 square feet on a 20' x 100' lot
- Brownstone built in 1901
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
Multi-tenant
Tenancy
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
Check the figures for this property
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 occupy three floors, with basement space and a private backyard.
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 arranged over three floors; Approximately 2,850 square feet on a 20' x 100' lot; Brownstone built in 1901
