1207 McDonald Avenue Brooklyn, NY $ 1,780,000
1207 McDonald Avenue
$ 1,780,000
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1207 McDonald Avenue

Brooklyn, NY, 11230
$ 1,780,000
Baths0.0 Sq 2,000

Monthly Estimate*

$ 12,434

1207 McDonald Avenue, Brooklyn, NY 11230 - Image 1
Studio

Commercial Property for sale in Brooklyn, NY

for $1,780,000. This 2,000 square foot building was built in 1931 on a lot size of 0.041322.

Welcome to this unique mixed-use building in the heart of prime Midwood! Nestled in the vibrant community of Midwood, this mixed-use building measures 20x50 and sits on a 20x90 lot. The first floor boasts a spacious and well-laid-out restaurant space, providing an excellent opportunity for entrepreneurs to establish their culinary vision. With a high-visibility location, this space is ready to become a local hotspot. The second floor presents a unique residential unit featuring four bedrooms, one bathroom, a living room, and a kitchen. Perfect for an owner-occupant, this space allows for the convenience of living on-site while enjoying the potential income from the restaurant below. The property will be delivered vacant. Whether you're an aspiring restaurateur or looking to create a dream home, this property offers a blank canvas to bring your vision to life. With a restaurant on the first floor and a residential above, this property is a versatile investment with multiple income streams and potential uses. Enjoy the financial advantage of low property taxes of $6,247, offering a cost-effective ownership experience for investors or owner-occupants looking to maximize their returns. This presents an excellent opportunity for investors and renovators to customize the property to their specifications. The property is being sold As Is. Embrace the charm of this mixed-use gem and turn it into a thriving hub for both commercial and residential pursuits. Call today to schedule a showing!

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Commercial Active

Price

$ 1,780,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,247

Style

Mixed Use

Lot Size

0.041322

Year Built

1931

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

479028

Features
Interior
Heating Fuel Gas
Flooring Hardwood Tile
Hot Water Gas
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General
Ceiling Height 11-15 Foot
Roof Flat
Zoning M1-1
Electric 220 V
Stories 2
Property Type Mixed Use
Block 6514
Yearly Taxes 6247.00
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Attached
Status Active
Construction Materials Brick
Cumulative Days on Market 111
MLS Area Midwood
Sub Type Mixed Use
Year Built 1931
City Brooklyn
DOM 111
# Families 1
Coming Soon Welcome to this unique mixed-use building in the heart of prime Midwood! Nestled in the vibrant community of Midwood this mixed-use building measures 20x50 and sits on a 20x90 lot. The first floor bo
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Exterior
Exterior Brick
Foundation Poured Concrete
Parking Attrib None
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Century 21 Realty First

Broker

(347) 295-9132

Phone

Affordability Calculator

$12,954
Per Month
96%
4%
0%
Monthly Principal & Interest
$12,434
Monthly Property Taxes
$521
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/5/2024$1,780,000 -6.32% Price Down
1/5/2024$1,900,000 Listed Price

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1207 McDonald Avenue, Brooklyn, NY, 11230 is a Commercial Property for sale at $1,780,000 with 2,000 sqft and a lot size of 0.041322. 1207 McDonald Avenue is a studio with 0.0 baths and was built in 1931. The property's zip code is 11230 which is in Brooklyn, NY