751-755 McDonald Avenue, Brooklyn, New York, 11218

751-755 McDonald Avenue
Brooklyn NY 11218

Cross street:Church Avenue

Building

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

Property

Ownership: Mixed Use
Rooms: 40
Bedrooms: 20 BR
Bathrooms: 20
Pets: Pets Unknown

Financials

Price: $8,800,000
578 Driggs Avenue Brooklyn, NY 11211
Courtesy of Compass

Description

A rarely offered investment opportunity awaits at 751-755 McDonald Avenue. This is a package deal that includes 24 residential units and four commercial spaces. Currently 755 Mc Donald Avenue houses 12 residential units, you will find four three bedrooms, four two bedrooms and four one bed rooms apartments totaling 6,480 square feet, the ground level are two retail stores approximately 1,300 square feet each. There is one commercial tenant at 755 McDonald Avenue, and 11 of the 12 residential units are occupied. 751 Mc Donald Avenue is an identical sized building that was converted to storage but is easily converted back, the residential portion is delivered completely vacant, currently the two retail spaces are occupied by the owner's business and may also be delivered vacant. In total you are looking at 12,960 square feet of residential apartments and 5,232 square feet of commercial space. There is a guarantee of at least 50% vacancy on all of the residential apartments with the possibility for more. There is also a massive full basement that runs length and width of both buildings. Each building sits on a foot print of 40x75 bringing your total to 80x75. You will find the F train steps from the building, located on the boarder of Borough Park and Kensington you would be hard pressed to find this type of package available anywhere else in this area.

Amenities

  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

A rarely offered investment opportunity awaits at 751 755 McDonald Avenue.

Description

A rarely offered investment opportunity awaits at 751-755 McDonald Avenue. This is a package deal that includes 24 residential units and four commercial spaces. Currently 755 Mc Donald Avenue houses 12 residential units, you will find four three bedrooms, four two bedrooms and four one bed rooms apartments totaling 6,480 square feet, the ground level are two retail stores approximately 1,300 square feet each. There is one commercial tenant at 755 McDonald Avenue, and 11 of the 12 residential units are occupied. 751 Mc Donald Avenue is an identical sized building that was converted to storage but is easily converted back, the residential portion is delivered completely vacant, currently the two retail spaces are occupied by the owner's business and may also be delivered vacant. In total you are looking at 12,960 square feet of residential apartments and 5,232 square feet of commercial space. There is a guarantee of at least 50% vacancy on all of the residential apartments with the possibility for more. There is also a massive full basement that runs length and width of both buildings. Each building sits on a foot print of 40x75 bringing your total to 80x75. You will find the F train steps from the building, located on the boarder of Borough Park and Kensington you would be hard pressed to find this type of package available anywhere else in this area.

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.