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.
For sale
Price cut: $500K (10/28)
$6,490,000
751 McDonald Ave, Brooklyn, NY 11218
--beds
0baths
18,192sqft
Mixed Use
Built in 1930
6,800 Square Feet Lot
$6,028,700 Zestimate®
$357/sqft
$-- HOA
What's special
Six commercial spacesTwo storesTwelve apartments
- 90 days |
- 101 |
- 4 |
- Loading
- Loading