Overview

$1,350,000

20% Min Down

525 Macon St

525 Macon Street, Brooklyn, NY 11233

Townhouse in Bedford-Stuyvesant

15 Rooms | 3.53% Cap Rate

Listed Jun 16th, 2021 (128 days)
If you are looking for a renovation project, this is it! 525 Macon Street is a small brownstone, a legal 2-family set up as a 3-family with about 2,600 sf of living space. This property is located in the Stuyvesant-Heights Historic District of Bedford-Stuyvesant on a lush tree-lined street, a quick walk to the A/C trains at Utica. The dimensions of this house are 16.6 ft x 42 ft and the lot is 16.6 ft x 100 ft. This residence comes with 3 floors + an attic. You could easily create an owners' triplex over a garden level rental apartment to collect some income or two duplexes. The mechanicals are in working condition with a gas boiler that is about 20-year old. The garden is very quiet, open and lush. This house will be delivered vacant at closing and all showings are by appointment only. First showings will take place on Sunday June 27

Features & Amenities

Unit Amenities

  • Dogs Allowed
  • Cats Allowed

Building Policies

    Learn more about 525 Macon Street, Brooklyn, NY 11233

    Listed By

    Patricia Laligant Profile Picture
    Patricia Laligant

    Compass

    (212) 913-9058

    History

    Date Event Price
    Oct 8, 2021 Price Drop $1,350,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-10-08', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$1,350,000', 'orig_value' => '1500000', 'listing_id' => '14795602', 'unit' => '', 'building_id' => NULL, 'street_address' => '525 Macon St', 'citystate' => NULL, 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/525-macon-st/house/14795602', 'diff_amount' => '-$150,000', 'diff_pct' => -9.9999999999999982, 'orig_diff_rows' => array ( 0 => array ( 'id' => '14795602', 'listing_id' => '14795602', 'created' => '2021-10-08 18:56:31', 'value_date' => '2021-10-08 18:56:31', 'key' => 'price', 'orig_value' => '1500000', 'new_value' => '1350000', 'unit' => '', 'street_address' => '525 Macon St', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => 'Compass', ))
    Jul 26, 2021 Price Drop $1,500,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-07-26', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$1,500,000', 'orig_value' => '1690000', 'listing_id' => '14795602', 'unit' => '', 'building_id' => NULL, 'street_address' => '525 Macon St', 'citystate' => NULL, 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/525-macon-st/house/14795602', 'diff_amount' => '-$190,000', 'diff_pct' => -11.242603550295859, 'orig_diff_rows' => array ( 0 => array ( 'id' => '14795602', 'listing_id' => '14795602', 'created' => '2021-08-10 18:18:45', 'value_date' => '2021-07-26 22:18:03', 'key' => 'price', 'orig_value' => '1690000', 'new_value' => '1500000', 'unit' => '', 'street_address' => '525 Macon St', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => 'Compass', ))
    Jun 17, 2021 Listed by Compass $1,690,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-06-17', 'event_type' => 'Listed', 'event_source' => NULL, 'event_value' => '$1,690,000', 'orig_value' => NULL, 'listing_id' => '14795602', 'unit' => '', 'building_id' => NULL, 'street_address' => '525 Macon St', 'citystate' => NULL, 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/525-macon-st/house/14795602', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => array ( 'id' => '14795602', 'listing_id' => '14795602', 'created' => '2021-08-10 18:18:45', 'value_date' => '2021-06-17 03:18:03', 'key' => 'listing_status', 'orig_value' => '-1', 'new_value' => '2', 'unit' => '', 'street_address' => '525 Macon St', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', ), 1 => array ( 'id' => '14795602', 'listing_id' => '14795602', 'created' => '2021-08-10 18:18:45', 'value_date' => '2021-06-17 03:18:03', 'key' => 'price', 'orig_value' => '-1', 'new_value' => '1690000', 'unit' => '', 'street_address' => '525 Macon St', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => 'Compass', ))
    Jun 16, 2021 Listed by Compass $1,690,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-06-16', 'event_type' => 'Listed', 'event_source' => 'Public Record', 'event_value' => '$1,690,000', 'orig_value' => NULL, 'listing_id' => '14795602', 'unit' => '', 'building_id' => NULL, 'street_address' => '525 Macon St', 'citystate' => 'Brooklyn, NY', 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/525-macon-st-brooklyn-ny/house/14795602', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( ), 'orig_type' => 'listing_row', 'alt_data' => 'Compass', ))

    Property Analysis

    Price Estimate

    $1,363,500

    HopScore Market Price

    $1,350,000

    Current Asking Price

    +$13,500

    Difference from Asking

    Cap Rate Analysis

    Operating Profit

    $47,627
    /

    Purchase Price

    $1,350,000
    =

    Cap Rate

    3.53%
    **

    * Actual income may vary between $3,440 and $5,160 depending on unit-specific characteristics.

    ** 100% occupancy is assumed. Leverage (mortgage) is not considered.

    Comparables

    Units for sale near 525 Macon St

    Unit Br Ba ft² Closed Price
    Common Charges

    Units for rent near 525 Macon St

    Unit Br Ba ft² Closed Price
    Common Charges

    Building Info

    Building at 525 Macon Street, Brooklyn, NY 11233

    525 Macon Street

    525 Macon Street, Brooklyn, NY 11233

    Built in 1899 | 2 Units | 2 Stories

    Want to find out who owns 525 Macon Street, Brooklyn, NY 11233? Get detailed property transactions here.

    Neighborhood

    Stats & Trends

    -

    Median Asking

    -

    Above Asking

    -

    Sale Price/ft²

    -

    Days on Market

    Transportation

    A

    C

    at Utica Av 0.28 mi | 6 min walk

    J

    Z

    at Gates Av 0.61 mi | 15 min walk

    J

    at Kosciusko St 0.69 mi | 17 min walk

    M

    J

    Z

    at Myrtle Av 0.99 mi | 24 min walk

    Schools

    School Type Grades Distance
    Ps 262 El Hajj Malik El Shabazz Elementary School Elementary PK to 5 0.05 mi
    Ms 35 Stephen Decatur Middle School 6 to 8 0.28 mi
    Boys and Girls High School High School 9 to 12 0.3 mi
    Ps/is 137 Rachael Jean Mitchell Elementary PK to 8 0.73 mi
    Brooklyn Brownstone School Elementary PK to 5 0.28 mi
    Is 392 Middle School 6 to 8 1.38 mi
    Brooklyn Collegiate: a College Board School High School 9 to 12 1.11 mi
    Mott Hall Iv Middle School 6 to 8 0.87 mi
    New Explorations into Sciencetech and Math High School Other KG to 12 3.55 mi
    Ps 165 Ida Posner Elementary PK to 5 2.08 mi
    Ps 41 Francis White Elementary KG to 8 2.01 mi
    Ps 150 Christopher Elementary PK to 5 1.71 mi
    Ps 156 Waverly Elementary PK to 5 1.38 mi
    Ps/is 155 Nicholas Herkimer Elementary PK to 8 1.22 mi
    Teachers Preparatory High School High School 8 to 12 1.57 mi
    Mott Hall Bridges Academy Middle School 6 to 8 1.55 mi
    Frederick Douglass Academy Vii High School High School 9 to 12 1.57 mi
    School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

    Mortgage Payment Calculator

    $5,928

    Per Month
    When working with the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only.

    First-time homebuyers? Check out the RealtyHop Mortgage Center now.

    Inquire about this Property

    By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from RealtyHop, Opcity, realtor.com and their network of service providers about your inquiry and other home-related matters. More

    Recent Transactions at 525 Macon St

    Transaction history for 525 Macon Street

    Unit Br Ba ft² Listed Listing Agent Asking
    HOA + Tax
    Closed Closing Buyer(s)
    Unit - - - - - - - Feb 11, 2000 - Deborah Clemmons
    Murry C Clemmons
    Unit - - - - - - - Dec 14, 1981 - Dolores Johnson
    Unit - - - - - - - Apr 9, 1969 - Chambers Sarah

    Apartments for Sale at 525 Macon Street

    UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

    Apartments for Rent at 525 Macon Street

    UnitBrBaft²ListedListing AgentAskingPrice/ft²Floorplans

    Nearby Buildings

    Learn more about 525 Macon St

    Building at 525 Macon Street, Brooklyn, NY 11233

    Ask a Question

    By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from RealtyHop, Opcity, realtor.com and their network of service providers about your inquiry and other home-related matters. More
    Nearby Addresses
    Popular Buildings