755 McDonald Ave - Apartments FOR SALE


Brooklyn, NY 11218- Kensington
$6,990,000 USD
917-882-8031
755 McDonald Ave, Brooklyn, NY for Sale
$6,990,000 USD
Apartments - FOR SALE
1/18
null | 6.14% Cap Rate

755 McDonald Ave
Brooklyn, NY 11218
Kensington


HIGHLIGHTS

  • Heavy Foot Traffic

OVERVIEW

Incredible investment opportunity for two buildings in Kensington Brooklyn. This property 751 Mcdonal Ave is a four stories plus a full basement brick building which is vacant currently, the store front is a retail space which is appx 2,600 sqft, Certificate of Occupancy #300087901-02, projected yearly income $306K. 755 McDonald Ave is a four stories plus a full basement brick building as well. It consists of two stores and twelve apartments, gross yearly income $294,000, net income $ 175,357. Certificate of Occupancy #300087894-02. The six commercial spaces between two buildings will be vacant at the closing. The total projected yearly income is $600,000, net projected yearly income $428,960, cap rate about 6% plus. All rent roll and expenses break downs will be provided upon requested.

FOR SALE DETAILS

PRICE

$6,990,000 USD

PRICE/SF

$768 USD /SF

# OF UNITS

16

PRICE/UNIT

$436,875

CAP RATE

6.14%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

M1-1

APN/PARCEL ID

05385-0056

ASK ABOUT THIS PROPERTY

Carey YangExit Realty ProfessionalsMore Info
917-882-8031

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Carey YangExit Realty ProfessionalsMore Info
917-882-8031

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