Alleyne Family Sells Multifamily Brownstone At 188 Macdonough Street Brooklyn For $1.8M
188 Macdonough Street
$1,800,000
$535/SF
Building Size
3,360 SF
Asset Type
MultiFamily
Closing
Jun 4, 2026
AI
The property at 188 Macdonough Street, located in Brooklyn, has been sold for $1,800,000 after being on the market for almost 6 years. This multifamily asset consists of 3 units and has a total square footage of 3,360, resulting in a price per unit of $600,000 and a price per square foot of $535. The property is a 4-story, 20-ft wide brownstone built in 1899, offered AS-IS through a complex estate sale.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Seller: Alleyne Family
- Seller's Representative: Alana McIntosh - Keller Williams Realty
- Units: 3
- Square Footage: 3,360
- Price Per Unit: $600,000
- Price Per Square Foot: $535
Alana McIntosh, a seasoned broker with over 10 years of experience closing complex estate transactions across New York City, represented the Alleyne Family in this sale. The property features original details such as wainscoting, fireplace mantels, ornate moldings, shutters, and built-ins. The transaction occurred on a block that has been voted as one of the most beautiful in Brooklyn multiple times.
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93