Development Site at 86 Macdougal Street in Brooklyn
$1,299,000
86 Macdougal Street, Brooklyn, NY 11233
Property Description
Asset CRG Advisors is pleased to present a development opportunity at 86 Mac Dougal Street, located in Bedford-Stuyvesant, Brooklyn. The property sits on a 1,875 SF lot with 3,750 buildable square feet and 4,500 buildable square feet under City of Yes, offering strong residential potential.
The site features approved plans for 5 residential units, and the structure is 35% complete, providing a solid foundation for development. Ideally positioned just steps from Ralph Avenue [A, C] and a short walk to Chauncey Street [J, Z], with nearby B25 and B46 bus lines, the property offers excellent transit access.
The area is surrounded by major retailers including Walgreens, Dunkin’, McDonald’s, and Bravo Supermarket, enhancing its appeal for future residents and investors.
Property Details
Asset Type
Development Site
Zoning
R6B
Lot Size
1,875 SF
Neighborhood
Bedford-Stuyvesant
Submarket
Brooklyn
ZIP
11233
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$73,895
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$6,158
Annual Debt Service
$73,895
View on Map
Address
86 Macdougal Street
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Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale
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