1023 McDonald AVE Brooklyn, NY 11230
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Kensington (Brooklyn)
MLS Listing ID 1029553
Style Other
Bedrooms 5
Full Baths 3
Rental Info No
Year Built 1920
Annual Tax Amount $3,090
Lot Size 1,873 Sqft
Acres 0.043
Property Sub-Type Triplex
Source onekey2
Property Description
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 storefront
M1-1 zoning
Well-maintained brick construction
Three market-rate residential rentals
One unit delivered vacant at closing
Four separate gas meters
Four separate electric meters
Tenants pay their own utilities
Utility room in excellent condition
Roof with 30-year metal protection warranty
Prime Gravesend location near the F train, shopping, Coney Island, and major highways
Highly motivated seller
This is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location.
Location
State NY
County Kings (brooklyn)
Rooms
Basement See Remarks
Interior
Interior Features Granite Counters, High Ceilings, Marble Counters, Natural Woodwork, Original Details
Heating Natural Gas
Cooling None
Flooring Ceramic Tile, Concrete, Hardwood, Tile
Fireplace No
Exterior
Parking Features None
Fence Back Yard, Fenced, Full
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public, Water Available, Water Connected
View None
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 192 Magnet School-Math And Sci
Middle Schools Jhs 223 Montauk (The)
High Schools Brooklyn 20
School District Brooklyn 20
Others
Senior Community No
Special Listing Condition None
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