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.