1023 Mcdonald Avenue 2f,Brooklyn, NY 11230
Brooklyn, NY 11230
Description
Excellent Investment Opportunity - Mixed-Use Building in Gravesend, Brooklyn Don't miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn. Situated in one of South Brooklyn's historic and established neighborhoods, this property benefits from excellent visibility and high foot traffic. It is conveniently located just a 5-minute walk to the F train, with easy access to local shopping, restaurants, and other commercial amenities. The property is also just minutes from Coney Island and major highways, providing a convenient commute to Manhattan and other parts of New York City. All three residential units are rented at market rates, with one apartment scheduled to be delivered vacant at closing, offering flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents. This investment offers strong income potential with low operating expenses. Each unit has its own separate gas and electric meters (4 gas meters and 4 electric meters total), allowing tenants to pay their own utilities. The property has been meticulously maintained, including an excellent-condition utility room and a roof protected by a 30-year metal roofing warranty. Property Highlights: Mixed-use building with 3 residential units and 1 commercial storefrontM1-1 zoningWell-maintained brick constructionThree market-rate residential rentalsOne unit delivered vacant at closingFour separate gas metersFour separate electric metersTenants pay their own utilitiesUtility room in excellent conditionRoof with 30-year metal protection warranty Prime Gravesend location near the F train, shopping, Coney Island, and major highwaysHighly motivated seller This is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location.
Details
| MLS # | 1029553 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 35 |
| Listing Provided By | Houlihan Lawrence Inc. | Olivia M. White |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,873 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.04 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Interior Features | Granite Counters, High Ceilings, Marble Counters, Natural Woodwork, Original Details |
| Window Features | Aluminum Frames, Blinds, Double Pane Windows, Insulated Windows |
Exterior
| Construction Materials | Brick |
|---|---|
| Fencing | Back Yard, Fenced, Full |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public, Water Available, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 323550 |
| Tax Annual Amount | 3090.68 |
| Tax Lot | 4 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11230 |
| School District | Franklin Delano Roosevelt High S |
| Elementary School | Ps 192 Magnet School-Math And Sc |
| High School | Franklin Delano Roosevelt High S |
| Listing VS Median (in 11230) | |
Price: $1,800,000 low | high Med: $415,000 sqft: 1,873 low | high Med: 694 $ / sqft: $961 low | high Med: $733 On site: 35 low | high Med: 110 | |
Market Activity 11230
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11230 |
| School District | Franklin Delano Roosevelt High S |
| Elementary School | Ps 192 Magnet School-Math And Sc |
| High School | Franklin Delano Roosevelt High S |
| Listing VS Median (in 11230) | |
Price: $1,800,000 low | high Med: $415,000 sqft: 1,873 low | high Med: 694 $ / sqft: $961 low | high Med: $733 On site: 35 low | high Med: 110 | |
