3-Family
734 Macon St, Brooklyn, NY 11233
For Sale
New
$2,695,000
A private backyard serves the owner's duplex, alongside two tenant-occupied residences.
Property Size3,240 SF
Days on Market2
Property Features for 734 Macon St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryer
private backyard
Building Details
Building Size
Year Built
Buildings
Units
Construction
Tenancy
Listing Agency:
Compass
Listed By:
Betty Jane Walsh
(347) 439-0095
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:20PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1899, this Brooklyn brownstone is configured as a legal three-family property. The owner's residence occupies a duplex and has a private backyard. Two additional residences are tenant-occupied, providing rental income. Each of the three units has its own washer and dryer.
Interior details include original crown moldings, intricate millwork, preserved woodwork, decorative tin ceilings, and other prewar features. The property has a Walk Score of 92, a Transit Score of 98, and a Bike Score of 67.
Interior details include original crown moldings, intricate millwork, preserved woodwork, decorative tin ceilings, and other prewar features. The property has a Walk Score of 92, a Transit Score of 98, and a Bike Score of 67.
Key Highlights
- Legal three‑family brownstone built in 1899
- Owner's duplex includes a private backyard
- Two additional residences are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,470
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,400
$2.3M
Cap Rate 7%
$1,621,000
$1.6M
Cap Rate 9%
$1,260,778
$1.3M
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$165.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$162.1K $50.03/SF
− OpEx
−$48.6K −$15.01/SF
NOI
$113.5K $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%
$2,269,400
Cap Rate 7%
$1,621,000
Cap Rate 9%
$1,260,778
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,470 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,914 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$2.68M
$2.35M – $3.13M
NOI $187,790 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,506
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
$1,013,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Brooklyn, NY
Properties on Market for Multifamily properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A private backyard serves the owner's duplex, alongside two tenant-occupied residences.
Where is this multifamily property located?
The property is located at 734 Macon St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Legal three‑family brownstone built in 1899; Owner's duplex includes a private backyard; Two additional residences are tenant‑occupied
