Legal Two-Family
571 Macon Street Brooklyn, NY 11233
For Sale
$1,750,000
Legal two-family brownstone with fireplaces and hardwood floors across the garden, parlor, and third-floor residences.
Property Size2,556 SF
Price / SF$684.66
Days on Market73
Property Features for 571 Macon Street
General Information
- Standard status
- Active
- Size
- 2,556 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1899
Listing Agency:
Exit Realty Island Elite
(631) 331-4000
Listed By:
George Dilieto
(631) 331-4000
Source:
Compass
Added: May 12
Changed: Jul 21
Last Checked: Jul 23 at 8:36AM
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 Exit Realty Island Elite
Investment Insights
Based on property information with market context.
This legal two-family brownstone is laid out to support two distinct living areas, plus additional space on the third floor. The garden apartment offers two large bedrooms, hardwood floors, a gas stove, and a living area with a fireplace. On the parlor level, you’ll find a fireplace, high ceilings, and crown moldings. The third floor includes two bedrooms and two bathrooms, hardwood floors, a private staircase, storage, and roof access.
Located at 571 Macon Street in Brooklyn, the property is described as being in the heart of Bed-Stuy on a quiet tree-lined street, close to shopping, schools, dining, and entertainment.
The home’s configuration includes fireplaces on both the garden and parlor levels, with the third floor providing two-bedroom, two-bath living space and direct interior separation via the private staircase and additional storage.
Located at 571 Macon Street in Brooklyn, the property is described as being in the heart of Bed-Stuy on a quiet tree-lined street, close to shopping, schools, dining, and entertainment.
The home’s configuration includes fireplaces on both the garden and parlor levels, with the third floor providing two-bedroom, two-bath living space and direct interior separation via the private staircase and additional storage.
Key Highlights
- Legal 2‑family brownstone, built in 1899, with exterior construction in brownstone and on‑street exterior features
- 3 fireplaces total, including fireplaces across the garden, parlor, and third‑floor residences
- Hardwood floors throughout the garden, parlor, and third‑floor residences
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 | $130.4k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $127.9k | $50.03 |
| − OpEx | −$38.4k | −$15.01 |
| NOI | $89.5k | $35.02 |
2,556 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,515 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$1.11M
$975.4K – $1.30M
NOI $78,032 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,146 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drakes Financial Corporation
Financial Advisor
FAQs
What type of property is this?
Duplex - Legal two-family brownstone with fireplaces and hardwood floors across the garden, parlor, and third-floor residences.
Where is this duplex located?
The property is located at 571 Macon Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Legal 2‑family brownstone, built in 1899, with exterior construction in brownstone and on‑street exterior features; 3 fireplaces total, including fireplaces across the garden, parlor, and third‑floor residences; Hardwood floors throughout the garden, parlor, and third‑floor residences
