229 Macdougal Street, Brooklyn, NY 11233 - Photo 1

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$1,450,000 Just Listed

For Sale
Active
Multi-Family
5 Total Beds
Updated 22 hours ago

Next open house:

Saturday 9/26 12:30 PM - 2:00 PM

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Join us at 229 Macdougal Street on:

Open House: 12:30 PM - 2:00 PM
Sunday 9/27 12:30 PM - 2:00 PM
229 Macdougal Street,Brooklyn, NY 11233
229 Macdougal StreetBrooklynNY11233

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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. Broker open house Saturday, September 26, 11 AM-1 PM; public open house Sunday, September 27, 12-2 PM. Shown by appointment. ---

Full Property Details

Full Property Details for 229 MacDougal St

General

Price: $1,450,000
Taxes: $1,809
Status: Active
Type: Multi-Family
Source: Long_Island
MLS ID: 1052955
Updated: 9/19/2026
Added to Site: 1 day(s) ago

Interior

Interior Features: Washer/Dryer Hookup

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 5

Parking

Parking Features: On Street

Location

County: Kings (Brooklyn)
Cross Streets: Saratoga Ave and Howard Ave

School Information

High School District: Contact Agent
Elementary School: Brooklyn Landmark Elementary School
Middle School: Brooklyn Environmental Exploration
High School: Contact Agent

Heating & Cooling

Cooling Type: Electric
Heating Type: Baseboard

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: None

Structural Information

Detached/Attached: Attached
Construction: Frame
Basement: Yes
Basement Desc.: Finished
Building Size: 1500
Square Feet: 1,500
Year Built: 1910

Lot Features

Lot Size (Acres): 0.0459
Lot Size (Sq. Ft.): 2,000

Financial Considerations

Tax Amount: $1,809.28

Disclosures and Reports

Special Conditions: None
Property ID: 01527-0048

Listed by Exit Realty All City

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— 229 MacDougal St —

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718-276-0077

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Schools

Schools serving 229 MacDougal St

School District:New York City Geographic School District 23

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 229 MacDougal St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/19/2026

Listed

$1,450,000

254%

MLS

2/23/2011

Sold

$409,600

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 229 MacDougal St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,844

—

$55,380

422%

2025

$1,844

1%

$10,603

-79%

2024

$1,819

7%

$51,120

-19%

2023

$1,704

6%

$62,760

22%

2022

$1,602

—

$51,360

30%

2021

$1,603

2925%

$39,660

-17%

2020

$53

96%

$48,060

8%

2019

$27

-98%

$44,640

442%

2017

$1,288

—

$8,238

6%

2017

$1,288

11%

$7,790

6%

2016

$1,164

3%

$7,372

—

2015

$1,131

4%

$7,363

1%

2015

$1,086

22%

$7,262

6%

2013

$889

—

$6,865

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Estimate the Cost for 229 MacDougal St

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229 Macdougal Street, Brooklyn, NY 11233 (MLS# 1052955) is a Multi-Family property with 3 units containing 5 bedrooms and 3 full bathrooms. 229 Macdougal Street is currently listed for $1,450,000 and was received on September 19, 2026. Want to learn more about 229 Macdougal Street? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

229 MacDougal St Brooklyn, NY 11233