91 Macon St Brooklyn, NY 11216-2106
- Apartment buildings
- 3,588 SF
- 0.04 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 91 Macon St
- Year built
- 1900
- Lot size
- 0.04 lot acres
- Property size
- 3,588 SF
- Zone code
- R6B
- Property type
- Apartment buildings
- APN
- 01844-0067
- APU
- 18440067
Description
This exceptional six-unit apartment building, located at 91 Macon St in Brooklyn, NY 11216, presents a compelling investment opportunity. Completely renovated in 2018, this four-story, 3,588 square foot building boasts a desirable 5.30% cap rate and a price per square foot of $906. The asking price is $3,250,000. Each of the six units features a dishwasher, and the building offers private outdoor space and a garden area. While the apartments are currently in excellent condition, there's potential for cosmetic upgrades to further enhance rental income. The building's dimensions are 19.5 ft x 45 ft, situated on a 19.5 ft x 100 ft lot. Built in 1900 and classified as Class C, the property is zoned R6b and falls under Tax Class B. The building's walk-up design and the potential for upside rents contribute to its strong investment profile. This property is ideal for investors seeking a well-maintained, income-generating asset in a thriving Brooklyn neighborhood. The building's strong cash flow and potential for future appreciation make it a highly attractive investment opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $245,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $228,000
Market price range: $89.0k - $228k
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9476
- Latitude
- 40.6815
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
