74 MacDougal Street presents an exceptional opportunity to acquire a well maintained six unit multifamily building with strong in place income and significant upside potential.


Property

Website:https://www.nestseekers.com/5661066
Address:
74 MacDougal Street
Brooklyn, NY 11233
Cross street:Park Avenue
Type:Townhouse
Era:Pre-war
Floors:3
Ownership: income-property
Rooms: 24
Bedrooms: Studio

Financials

Price:$2,300,000
Real estate tax:$10,704

Description

74 MacDougal Street presents an exceptional opportunity to acquire a well-maintained six-unit multifamily building with strong in-place income and significant upside potential. Spanning approximately 3,425 square feet, the property was extensively renovated around 2013 and offers an attractive combination of stable cash flow and future value-add potential. Currently generating approximately $168,000 in annual gross income with remarkably low operating expenses, the asset is being offered at over a 6% capitalization rate, making it a compelling investment in today's market. Whether you're looking to expand your portfolio or secure a high-yield multifamily asset with long-term appreciation potential, 74 MacDougal Street represents an outstanding opportunity.

Amenities

  • Air Conditioning

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Douglas Elliman Real Estate

74 MacDougal Street Brooklyn NY 11233 USA