1117 McDonald Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11230- Midwood
$2,495,000 USD
917-224-1329
1117 McDonald Ave, Brooklyn, NY for Sale
$2,495,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | 6.69% Cap Rate

1117 McDonald Ave
Brooklyn, NY 11230
Midwood


HIGHLIGHTS

  • Heavy traffic from street and subway
  • corner property with amazing frontage
  • Stable Long term tenants

OVERVIEW

1117 McDonald Avenue, Brooklyn NY 11230 PRIME LOCATION CORNER OF MCDONALD AVENUE & AVENUE I (MIDWOOD, BROOKLYN) GREAT INVESTMENT OPPORTUNITY OFFERED ON AN EXCLUSIVE BASIS an incredible opportunity to own a 3 story mixed-use income-generating property with Long Term Tenants, great rent roll and upside for increases. This 3 Story brick bldg. is built 20 ft x 100 ft with 20 feet of frontage on McDonald and 100 feet on Avenue I. Three retail/commercial store fronts and two floor through apartments above. The building is comprised of two- floor-thru apartments. Second Floor is a 3 bedroom 1.5 bath & Third floor is a 2 bedroom 1 bath apt. The ground floor has three commercial/retail spaces with long-term tenants. Unit 1 corners on McDonald & Avenue I, which has a deli as a tenant. Unit 2 store is currently vacant Unit 3 has a local RE company as a tenant. All commercial units have use of the cellar (under there spaces) that spans the full depth of the bldg. The building has incredibly low taxes of $7744/year The lot size and bldg. size is 20’ x 100’. EXCEPTIONAL INVESTMENT/USER OPPORTUNITY Inquire of exclusive agents for additional information TOTAL annual income $187,588 * TOTAL annual expenses $20,790 TOTAL NET income $166,798 Please inquire for more details. * Includes vacant store as rented, using below market rental value 1117 McDonald Avenue, Brooklyn NY 11230 V.1 PRIME LOCATION CORNER OF MCDONALD & AVENUE I (MIDWOOD, BROOKLYN) OFFERED ON AN EXCLUSIVE BASIS an incredible opportunity to own a 3 story mixed-use income-generating property with Long Term Tenants, great rent roll and upside for increases. This 3 Story brick bldg. with one story extension, which is built 20 ft x 100 feet with 20 feet of frontage on McDonald and 100 feet on Avenue I. with 3 retail/commercial store fronts and 2 floor through apartments above The building is comprised of two- floor-thru apartments. Second Floor is a 3 bedroom 1.5 bath & Third floor is a 2 bedroom 1 bath apt. The ground floor has three commercial/retail spaces with long term tenants. Unit 1 corners on McDonald & Avenue I, which has a deli as a tenant. Unit 2 store is currently vacant Unit 3 has a local RE company as a tenant. All commercial units have use of the cellar (under there spaces) that spans the full depth of the bldg The building has incredibly low taxes of $7744/year The lot size & bldg. size is 20’ x 100’. Please inquire of exclusive agent for more details.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,359 SF

ZONING

-

APN/PARCEL ID

06504-0030

ASK ABOUT THIS PROPERTY

Alan NickmanDouglas EllimanMore Info
917-224-1329

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Alan NickmanDouglas EllimanMore Info
917-224-1329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.