NY > Brooklyn
Brooklyn, NY 11218,751 McDonald AVE
Brooklyn, NY 11218,751 McDonald AVE
Brooklyn, NY 11218,751 McDonald AVE
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Randy Reis

Randy Reis

+1(917) 336-1118
$6,490,000
Est. payment /mo
18,192 SqFt
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UPDATED:

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 18,192 sqft

Price per Sqft $356

MLS Listing ID 495596

Year Built 1930

Annual Tax Amount $111,513

Lot Dimensions 80 x 85

Property Sub-Type Mixed Use

Property Description

Two solid buildings in Kensington offered one building with 2 commercial stores and 3 floors of warehouse and the second building with 2 commercial stores and 12 residential apartments unique opportunity, both buildings have full basements. Incredible investment opportunity. 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. Only steps away from train station and Ditmas Avenue. All rent roll and expenses break downs will be provided upon requested.

Location

State NY

County Kings (brooklyn)

Area Kensington

Zoning MI-1

Rooms

Basement Full

Interior

Interior Features Kitchen

Hot Water Oil

Heating Oil

Flooring Hardwood

Heat Source Oil

Exterior

Exterior Feature Brick

Roof Type Flat

Handicap Access No

Building

Story 4

Foundation Poured Concrete

Others

Energy Description Oil

Financing 1031 Exchange,Bank Mortgage,Cash

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Listed by Exit Realty Professionals

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Randy Reis

Randy Reis

+1(917) 336-1118

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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