6-Unit Apartment Building with Outdoor
663 Macdonough Street, Brooklyn, NY 11233
For Sale
$3,250,000
Vacant, renovated apartments offer varied bedroom layouts and shared laundry facilities.
Property Size4,477 SF
Price / SF$725.93
Days on Market13
Property Features for 663 Macdonough Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
private outdoor space
private deck
shared rooftop
shared laundry
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Yaffa Realty LLC
Listed By:
Melissa Solin
Source:
Moreandmorerealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 13 at 12:48PM
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 Yaffa Realty LLC
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Investment Insights
Based on property information with market context.
This 4,477-square-foot apartment building contains six vacant residences with one-, two-, and three-bedroom layouts. The apartments have been renovated, and shared laundry is available within the building. Outdoor features include a private area for a first-floor apartment, a deck serving the top-floor residence, and a common rooftop. Separate utility metering is also in place.
At 663 Macdonough Street in Brooklyn, the property is zoned R6B and was built in 1910. The six-unit configuration combines private outdoor areas with shared rooftop space and on-site laundry.
At 663 Macdonough Street in Brooklyn, the property is zoned R6B and was built in 1910. The six-unit configuration combines private outdoor areas with shared rooftop space and on-site laundry.
Key Highlights
- Six apartments totaling 4,477 SF, with one-, two-, and three‑bedroom layouts
- All six units are vacant; apartments have been renovated
- Private outdoor area for a first‑floor apartment and a deck for the top‑floor residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,678
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,733,560
$2.7M
Cap Rate 7%
$1,952,543
$2.0M
Cap Rate 9%
$1,518,644
$1.5M
Market Conditions
NOI Build-Up for 4,477 SF
Gross rent
$253.6K $56.64/SF
− Vacancy
−$5.1K −$1.13/SF
EGI
$248.5K $55.51/SF
− OpEx
−$111.8K −$24.98/SF
NOI
$136.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,733,560
Cap Rate 7%
$1,952,543
Cap Rate 9%
$1,518,644
Alternative Uses
Best Use
Apartment 5plus
$1.95M
$1.71M – $2.28M
NOI $136,678 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.71M
$3.24M – $4.32M
NOI $259,487 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,519
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
$1,013,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Brooklyn, NY
Properties on Market for Apartment buildings in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Vacant, renovated apartments offer varied bedroom layouts and shared laundry facilities.
Where is this apartment building located?
The property is located at 663 Macdonough Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Six apartments totaling 4,477 SF, with one-, two-, and three‑bedroom layouts; All six units are vacant; apartments have been renovated; Private outdoor area for a first‑floor apartment and a deck for the top‑floor residence
