751 McDonald Avenue

$8,800,000
Price
20
Beds
20
Baths
18,192 Sq. Ft.
$484 / Sq. Ft.
18,192
Sq. Ft.
$484
per Sq. Ft.

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...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

  • Basement
  • Full Basement
  • Attach / Row Hse
  • Pets Conditional
  • Lowrise

Location

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LISTING UPDATED: 07/12/2021 01:58 PM

Property Details for 751 McDonald Avenue

StatusPermanently Off Market
Days on Market326
Taxes$8,714 / month
Common Charges-
Min. Down Pymt25%
Total Rooms40.0
Compass TypeMixed Use
MLS TypeCondominium
Year Built1930
CountyKings County

Building

751 McDonald Ave

1 Units4 StoriesBuilt in 1930

Location

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Building Information for 751 McDonald Avenue

Building/Complex751 McDonald AveFloor-Stories4Residences1Pet Policy-Year Built1930Building Age-Building Type-

Payment Calculator

$53,738 per month

30 year fixed, 7.25% Interest

Principal and Interest

$45,024

Property Taxes

$8,714

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 751 McDonald Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 751 McDonald Avenue

This home is within Nyc Geog District #20 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
P.S. 179 Kensington
PublicPK to 5

Jhs 223 The Montauk
Public6 to 8

Franklin Delano Roosevelt High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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