Kishore Mulchandani
Kishore Mulchandani
Call: (917) 440-3435
Text: (917) 440-3435
MLS#1052955
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLContact Agent
Property Description
INVESTOR OPPORTUNITY - Three income streams under one roof in Ocean Hill, Brooklyn. Income-producing basement studio (separate ground-level front entrance, r - income starts day one) plus owner's side; first-floor 2-bedroom plus separate basement with flex space. opening to a private backyard/patio; top-floor 3-bedroom / 1 bath. Projected ~$93,600/year gross rent at today's market rates = ~4.9% cap rate and 15.5 gross rent multiplier at list price. Live in one unit and let the other two carry the mortgage, or run it as a pure 3-unit investment - renovated 2-bedrooms command $3,000+ and 3-bedrooms $3,200+ in the neighborhood. Same-street comps support the price (recent MacDougal sale $1.55M). NYC Tax Class 1 keeps property taxes among the lowest in the city. A/C trains at Rockaway Ave - approx. 30 minutes to Midtown. Floor plans available. ALL OFFERS CONSIDERED. ---
Upcoming Open Houses
Open House Saturday September 26th, 12:30pm - 2:00pm
Open House Sunday September 27th, 12:30pm - 2:00pm
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Cooling: Electric
Heating: Baseboard
Lot Size: 0.05 Acres
Taxes: $1,809
Year Built: 1910
Amenities
Washer/Dryer Hookup
Feature Descriptions
Building Area Total: 1500
Days on Site: 2
Exterior: Frame
On Market Date: 2026-09-19
Parcel Number: 01527-0048
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 3
Utilities: None
Water: Public
Local Schools
High School: Contact Agent
Middle School: Brooklyn Environmental Exploration
Elementary School: Brooklyn Landmark Elementary School
School District: Contact Agent
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Estimated Payment
$ 3,800.74 per month $3,227.07 Principal & Interest $150.75 Property Tax $422.92 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Exit Realty All City
Agency Contact: 718-276-0077
Shown By
Agent Name: Kishore Mulchandani
Agent Phone: (917) 440-3435
Agency Title: Laffey Real Estate
229 Macdougal Street | MLS# 1052955
This multi-family property located at 229 Macdougal Street, Brooklyn, NY 11233 is currently listed for sale with an asking price of $1,450,000. Macdougal Street is located within the Contact Agent school district. Search Brooklyn real estate on kishoremulchandani.laffey.com today.