Classic Limestone Multifamily in
For Sale
$1,548,000
Pending
711 MacDonough St, Brooklyn, NY 11233
Three-story limestone with modern touches, redesigned layout, and finished basement.
Property Size3,100 SF
Lot Size0.05 Acres
Days on Market216
Property Features for 711 MacDonough St
General Information
Standard status
Pending
Size
3,100 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,500
Building Details
Building Size
3,100 SF
Year Built
1910
Stories
3
Listing Agency:
Ben Bay Realty Co
Listed By:
Anthony Mussolino
(718) 238-6080
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:08PM
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
This three-story limestone building in Bedford Stuyvesant offers over 3000 sq. ft. of living space, plus a full finished basement. The property retains much of its original woodwork, moldings, doors, and fireplaces. The first floor features a custom kitchen with granite countertops, an island, stainless steel appliances, a full marble bath, a sunroom with vaulted ceilings and garden access, and an oversized bedroom with two closets. It also includes high-hat lighting and central air. The second floor, sun-drenched with high ceilings, contains two additional bedrooms for the owner, one en suite full bath with a tub, separate shower, double sink, a laundry room with a full-sized washer/dryer, and a foyer with original woodwork and doors. The top floor includes a three-bedroom rental unit with a full eat-in kitchen, bath, exposed hardwood floors, and large windows with original moldings. The fully finished basement offers three rooms, suitable for a work-at-home space or children's play area, a full bath, and high ceilings. Custom closets are located throughout the building. The property includes a private backyard suitable for entertaining and gardening. Located one block from Saratoga Park, the building's dimensions are 20'x60' for the first floor and 20'x50' for the 2nd and 3rd floors. Built in 1910.
Key Highlights
- Price Reduction on a Classic Limestone Home
- Over 3000 sq. ft. plus Full Finished Basement
- Unique Layout: Owner's Duplex (2nd/3rd Floors) + 3‑Bedroom Rental Unit (Top Floor)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,587
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,740
$1.8M
Cap Rate 7%
$1,308,386
$1.3M
Cap Rate 9%
$1,017,633
$1.0M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$169.9K $56.64/SF
− Vacancy
−$3.4K −$1.13/SF
EGI
$166.5K $55.51/SF
− OpEx
−$74.9K −$24.98/SF
NOI
$91.6K $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%
$1,831,740
Cap Rate 7%
$1,308,386
Cap Rate 9%
$1,017,633
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,416
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three-story limestone with modern touches, redesigned layout, and finished basement.
Where is this multifamily property located?
The property is located at 711 MacDonough St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,548,000.
What are key features of this property?
This property features: Price Reduction on a Classic Limestone Home; Over 3000 sq. ft. plus Full Finished Basement; Unique Layout: Owner's Duplex (2nd/3rd Floors) + 3‑Bedroom Rental Unit (Top Floor)
