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314 Macdougal St
Brooklyn, NY 11233 Ocean Hill

$1,350,000 USD

Apartments For Sale  •  4,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,500 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1907
  • Cap Rate 8.04 %
  • Zoning R6
100 Transit Score
84 Walk Score

Highlights

Metrics: 4,500 gross square Feet | Three (3) of the six (6) units are Free Market | Protected Tax Class 2A
Location: Ocean Hill, walking distance to Broadway Junction. One Block to Bushwick neighborhood
Renovation: Destabilization took place through (IAI) Individual Apartment Improvements and Major Capital Improvements (MCI) between 2016 – 2017.
Excellent Transportation: 5-minute walk to multiple train lines (A, C, J, Z & L). 20-minute commute into Manhattan
Income Producing: Generating Strong Day-1 Cash Flow, with significant upside.
Recent Upgrades: New Roof, Boiler, Heater, Electric, Kitchens & Bathrooms in Free Market Units.

Property Flyers

Cap Rate: 8.04 %

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 3 min 12 min 0.6 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 8 min - 2.4 mi
Transit/SubwayDriveWalkDistance
Bushwick Avenue-Aberdeen Street (L - New York MTA Subway (The Subway)) 2 min 5 min 0.2 mi
Chauncey Street (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 1 min 5 min 0.3 mi
Broadway Junction (East New York) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), J - New York MTA Subway (The Subway), L - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 3 min 6 min 0.3 mi
Rockaway Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
Atlantic Avenue (L Line) (L - New York MTA Subway (The Subway)) 3 min 11 min 0.6 mi
AirportDriveWalkDistance
LaGuardia 20 min - 8.5 mi
John F Kennedy International 18 min - 9.0 mi
Newark Liberty International 35 min - 17.9 mi
Matthew Peters 716-604-5763 Marcus & Millichap
Matthew Peters 716-604-5763 Marcus & Millichap