755 McDonald Avenue

Kensington

$4,000,000
Price
20
Beds
12
Baths
9,096 Sq. Ft.
$440 / Sq. Ft.
9,096
Sq. Ft.
$440
per Sq. Ft.

Description

Lets talk about a rare Brooklyn investment opportunity. Please read the entire description.


755 Mc Donald Avenue is 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,
...Lets talk about a rare Brooklyn investment opportunity. Please read the entire description.



755 Mc Donald Avenue is 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

  • Full Basement

Location

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LISTING UPDATED: 06/01/2020 09:49 AM

Property Details for 755 McDonald Avenue

StatusExclusive Expired
Days on Market181
Taxes$4,976 / month
Common Charges-
Min. Down Pymt25%
Total Rooms35.0
Compass TypeMixed Use
MLS TypeCondominium
Year Built-
CountyKings County

Location

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Building Information for 755 McDonald Avenue

Building/Complex755 Mcdonald AveFloor-Stories-Residences-Pet Policy-Year Built-Building Age-Building Type-

Payment Calculator

$25,441 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

$4,976

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 755 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 755 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.

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.