751 McDonald Avenue
Kensington | Ditmas Avenue & Cortelyou Rd
Ownership
Mixed Use
Lot Size
80'x85'
Status
Active
Real Estate Taxes
[Per Annum]
$ 111,513
Building Size
80'x75'
Year Built
1930
ASF/ASM
18,192/1,690
Property Description
Incredible investment opportunity for two buildings in Kensington Brooklyn. This property has one 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 Two commercial spaces between two buildings will be vacant at the closing. The total projected yearly income will be $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.
Incredible investment opportunity for two buildings in Kensington Brooklyn. This property has one 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 Two commercial spaces between two buildings will be vacant at the closing. The total projected yearly income will be $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.
Listing Courtesy of Exit Realty Professionals
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Apartment Features
Exposed Bricks
Hardwood Floors
Building Details [751 McDonald Avenue]
Ownership
Mixed Use
Block/Lot
5385/58
Building Size
80'x75'
Zoning
MI-1
Year Built
1930
Floors
4
Lot Size
80'x85'
Mortgage Calculator in [US Dollars]
Maria Castellano
License
Licensed As: Maria Castellano
Licensed Real Estate Broker/Owner
W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 495596