Buy with Yoreevo
$1,424,625
List Price: $1,450,000
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229 Macdougal Street

House in Ocean Hill •  building info
5bd • 3ba • 2,000ft² $725 per ft²
Buy with Yoreevo

$1,424,625

List Price

$1,450,000

Key Details
Days on market
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Last price change
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Estimated payment
$8,399/mo
Taxes
$151/mo
Maintenance
N/A
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. Broker open house Saturday, September 26, 11 AM–1 PM; public open house Sunday, September 27, 12–2 PM. Shown by appointment. ---

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Building info

History
What it'll cost
Purchase price
$1,450,000
Asking Price: $1,450,000
Term
30 Years
Down Payment
$145,000 (10%)
Min: 10% (145,000)
Rate
6.5 %
Mortgage Amount
$1,305,000
Mortgage Payment
$8,248
Taxes
$151
Estimated Yoreevo rebate
$25,375
Estimated closing cost
$52,000
Total monthly cost $8,399
Buy your dream home with us and get an estimated
$25,375 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Exit Realty All City

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