NOT LISTED FOR SALE

Estimated Value: $920,120 - $1,092,000

6 Beds
6 Baths
1,968 Sq Ft
$510/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $500,000 $254 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $5,663/month

135 Days on Market

About This Home

As of March 2022

A rare opportunity to purchase has come to market in the Stuyvesant Heights section of Bed-Stuy, 86 Mac Dougal Street is an existing building with active DOB permits, architectural drawings and fully poured foundation ready to be developed into a multifamily townhouse. Located just four minutes stroll to the Ralph Ave C train, 86 Mac Dougal Street is an unbuilt estimated 4,948 sq ft end-use, investment or development property with the potential to be one of the largest houses in Stuyvesant Heights and Bed-Stuy. 86 Mac Dougal Street is an ideal end-use and income producing legal three-family development site waiting to be fully realized.

86 Mac Dougal Street in the Stuyvesant Heights section of Bedford Stuyvesant is a legal three-family currently vacant and unfinished:



-Lot: 18.75' X 100'



-Existing Building: 18.75' X 35'



-Existing Sq Ft: 1,968



-Unused FAR: 1,781



-Total Usable Floor Area: 3,750



-FAR: 2



-Zoning District: R6B



Fortuitously located, 86 Mac Dougal Street is in the heart of the Stuyvesant Heights and Bedford Stuyvesant renaissance on a well-maintained block lined with flowering dogwood trees. Nearby transportation and shopping create an ideal investment dynamic in a neighborhood that is on the rise.



Please Note: Available for sale with contiguous property 84 Mac Dougal Street, a 3,750 sq ft finished double duplex asking $1,900,000 for a combined lot size of 38' X 100' and a combined 7,000 sq ft of residential space.



Please Note: Current tax liability is $0/year based on seller's exemption on real estate taxes Please consult your tax expert to determine your own tax liability.



Please Note: Current DOB filings are for a Two-Family House and will be conveyed with the sale. Drawings for a projected 5 Unit development will also be conveyed.



A peerless value, enviable investment and potential home, you must see 86 Mac Dougal Street. Make an appointment to view today with exclusive broker.

Last Agent to Sell the Property

Jeff Gardner

Corcoran Group License #10301210397 Listed on: 11/15/2020

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,993

Lot Details

  • 1,873

Home Design

Interior Spaces

  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Block 01531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,993

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed
  • Rooms (Total): 9

Beds/Baths

  • Full Bathrooms: 6
  • Bathrooms Integer: 6
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 2

Tax Info

  • Tax Block: 01531

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2022
Sold by
First 86 Mac Llc
Bought by
Pdg 86 Macdougal Llc
Current Estimated Value
$1,004,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,717
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 15, 2020
Closed on
Feb 18, 2022
Sold by
Iskcon Of Manhattan Inc
Bought by
First 86 Mac Llc
Seller's Agent
Jeff Gardner
Corcoran Group
List Price
$749,000
Sold Price
$500,000
Premium/Discount to List
-$249,000
-33.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.49%

Purchase Details

Closed on
Sep 21, 2015
Sold by
Mac Dougal Property Llc
Bought by
Iskcon Of Manhattan Inc

Purchase Details

Closed on
Sep 11, 2015
Sold by
First International American Ii Corp
Bought by
Mac Dougal Property Llc

Purchase Details

Closed on
Jan 15, 2015
Sold by
Gregory Laspina Esq Referee and Lawrence %
Bought by
First International American Ii Corp

Purchase Details

Closed on
Sep 6, 2006
Sold by
Lashley Allen
Bought by
Better Homes Depot Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.59%

Purchase Details

Closed on
Dec 17, 2003
Sold by
Miller Esq Jeffrey R
Bought by
Golden First Mortgage Corp

Purchase Details

Closed on
Jul 29, 2003
Sold by
Hunter George
Bought by
Dlc Interests Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.46%

Purchase Details

Closed on
Jul 24, 2003
Sold by
Golden First Mortgage Corp
Bought by
Hunter George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.46%

Purchase Details

Closed on
Dec 29, 2000
Sold by
Daniel Inc
Bought by
Garrick Vaughn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,303
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 1999
Sold by
Cunningham Angela and White Marie
Bought by
Daniel Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pdg 86 Macdougal Llc $825,000 --
Pdg 86 Macdougal Llc $825,000 --
First 86 Mac Llc $500,000 --
First 86 Mac Llc $500,000 --
Iskcon Of Manhattan Inc $681,000 --
Iskcon Of Manhattan Inc $681,000 --
Mac Dougal Property Llc -- --
Mac Dougal Property Llc -- --
First International American Ii Corp $388,000 --
First International American Ii Corp $388,000 --
Better Homes Depot Inc $425,000 --
Better Homes Depot Inc $425,000 --
Golden First Mortgage Corp $280,500 --
Golden First Mortgage Corp $280,500 --
Dlc Interests Inc -- --
Dlc Interests Inc -- --
Hunter George $345,000 --
Hunter George $345,000 --
Garrick Vaughn -- --
Garrick Vaughn -- --
Daniel Inc $70,000 --
Daniel Inc $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pdg 86 Macdougal Llc $155,000
Open Pdg 86 Macdougal Llc $999,566
Closed Pdg 86 Macdougal Llc $649,717
Closed Pdg 86 Macdougal Llc $495,000
Previous Owner Better Homes Depot Inc $340,000
Previous Owner Hunter George $487,500
Previous Owner Garrick Vaughn $240,303
Closed Dlc Interests Inc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Off Market $500,000 -- --
03/02/2022 03/02/22 Sold $500,000 -33.2% $254 / Sq Ft
11/15/2020 11/15/20 For Sale $749,000 -- $381 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,993 $74,940 $16,500 $58,440
2024 $1,993 $71,640 $16,500 $55,140
2023 $1,906 $74,580 $17,160 $57,420
2022 $1,773 $62,220 $17,160 $45,060
2021 $0 $57,840 $17,160 $40,680
2020 $0 $58,500 $17,160 $41,340
2019 $0 $48,060 $17,160 $30,900
2018 $0 $7,820 $2,908 $4,912
2017 $0 $7,401 $2,940 $4,461
2016 -- $6,984 $3,747 $3,237
2015 $842 $6,966 $4,754 $2,212
2014 $842 $6,890 $5,647 $1,243
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10758653

Real Estate Board of New York (REBNY)

APN: 01531-0019