91 Macon St
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91 Macon St
6 Unit Apartment Building $4,465,030 CAD ($744,172 CAD/Unit) 5.49% Cap Rate Brooklyn, NY 11216
Executive Summary
This four story walk-up residential building is an all free market rental building that consists of 6-residential apartments. The building is located in the Bedford Stuyvesant section in Brooklyn on 91 Macon St between Nostrand Ave & Verona Pl. The Building is 1-block away from the A & C Nostrand Avenue train station.
The Property consists of 1-Studio 1-Bathroom, 1-Bedroom 1-Bathroom+Garden Yard, 1-Bedroom 1 Bathroom, 2 Bedroom 1-Bathroom, 3-Bedroom 1-Bathroom+private terrace, 3-Bedroom 2-Bathroom, and a Rooftop Lounge area for all tenants. The property is well maintained with a full building renovation in 2018, However, there is still room for kitchen and bathroom upgrades. Apartment features consist of dishwasher, microwave, stainless steel appliances, wood flooring, and marble kitchen countertops. There is a storage room in the basement for tenants convenience. The heating system is operated by a gas boiler, and all units have separate meters for electricity.
Building Highlights
Fully Renovated in 2018
Apts still can be upgraded cosmetically depending on new owners preferences
Upside rents
100% Occupied
Perfect for a 1031 Exchange
Cash flow Property
Building Amenities
Walk-up
Private outdoor space & Garden Area Apts
Dishwasher in each unit
Rooftop Lounge Area
The Property consists of 1-Studio 1-Bathroom, 1-Bedroom 1-Bathroom+Garden Yard, 1-Bedroom 1 Bathroom, 2 Bedroom 1-Bathroom, 3-Bedroom 1-Bathroom+private terrace, 3-Bedroom 2-Bathroom, and a Rooftop Lounge area for all tenants. The property is well maintained with a full building renovation in 2018, However, there is still room for kitchen and bathroom upgrades. Apartment features consist of dishwasher, microwave, stainless steel appliances, wood flooring, and marble kitchen countertops. There is a storage room in the basement for tenants convenience. The heating system is operated by a gas boiler, and all units have separate meters for electricity.
Building Highlights
Fully Renovated in 2018
Apts still can be upgraded cosmetically depending on new owners preferences
Upside rents
100% Occupied
Perfect for a 1031 Exchange
Cash flow Property
Building Amenities
Walk-up
Private outdoor space & Garden Area Apts
Dishwasher in each unit
Rooftop Lounge Area
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,465,030 CAD | Property Subtype | Apartment |
| Price Per Unit | $744,172 CAD | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.49% | Lot Size | 0.04 AC |
| Sale Conditions | 1031 Exchange | Building Size | 3,588 SF |
| Gross Rent Multiplier | 15.32 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1891/2015 |
| Price | $4,465,030 CAD |
| Price Per Unit | $744,172 CAD |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 15.32 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 3,588 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1891/2015 |
Unit Amenities
- Dishwasher
- Microwave
- Granite Countertops
- Stainless Steel Appliances
- Yard
- Deck
- Garden
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 01844-0067 | Total Assessment | $736,222 CAD (2024) |
| Land Assessment | $6,979 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $729,243 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
01844-0067
Land Assessment
$6,979 CAD (2024)
Improvements Assessment
$729,243 CAD (2024)
Total Assessment
$736,222 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R6, Brooklyn |
| R6, Brooklyn |
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91 Macon St
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