Lets talk about a rare Brooklyn investment opportunity.

755 McDonald Avenue
Brooklyn NY 11218
Cross street:Cortelyou Road

Building

Type:Low-rise
Era:Post-war
Floors:4

Property

Ownership: Mixed Use
Rooms: 35
Bedrooms: 20 BR
Bathrooms: 12
Pets: Pets Unknown

Financials

Price: $4,000,000
578 Driggs Avenue Brooklyn, NY 11211
Courtesy of Compass

Description

Lets talk about a rare Brooklyn investment opportunity. Please read the entire description. 755 Mc Donald Avenue for sale for the 1st time in decades. This mixed-use legal twelve family building with two huge commercial spaces is located on the border of Kensington & Boro Park, literally 50 feet from the F train. The residential portion can be delivered vacant at closing, both commercial spaces total about 2,600 square feet and are currently occupied but the possibility for one vacancy is there, one lease expires in 2022. The residential portion of the building is set up as four one-bedroom apartments, four two bedrooms apartments and four convertible three-bedroom apartments. Totaling 6,500 square feet. Currently the rents are all under market value, but the building will be delivered vacant. There is also a massive basement running the length and width of the building. The building is 40x75. This is a perfect 1031 exchange opportunity, a great buy and hold. Tell me where you can get a vacant twelve family? This building is the 1st of a portfolio of adjacent buildings to hit the market, the buyer of this property will have first right of refusal for the rest of the block. In total we are talking about 24 residential units (all delivered vacant), four commercial spaces and two warehouses. The possibilities are endless and if you are an experienced investor you know this type of package rarely hits the market.

Amenities

  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

Lets talk about a rare Brooklyn investment opportunity.

Description

Lets talk about a rare Brooklyn investment opportunity. Please read the entire description. 755 Mc Donald Avenue for sale for the 1st time in decades. This mixed-use legal twelve family building with two huge commercial spaces is located on the border of Kensington & Boro Park, literally 50 feet from the F train. The residential portion can be delivered vacant at closing, both commercial spaces total about 2,600 square feet and are currently occupied but the possibility for one vacancy is there, one lease expires in 2022. The residential portion of the building is set up as four one-bedroom apartments, four two bedrooms apartments and four convertible three-bedroom apartments. Totaling 6,500 square feet. Currently the rents are all under market value, but the building will be delivered vacant. There is also a massive basement running the length and width of the building. The building is 40x75. This is a perfect 1031 exchange opportunity, a great buy and hold. Tell me where you can get a vacant twelve family? This building is the 1st of a portfolio of adjacent buildings to hit the market, the buyer of this property will have first right of refusal for the rest of the block. In total we are talking about 24 residential units (all delivered vacant), four commercial spaces and two warehouses. The possibilities are endless and if you are an experienced investor you know this type of package rarely hits the market.

Amenities

  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.