1806 McDonald Avenue
Midwood
Ownership
Mixed Use
Lot Size
20'x80'
Status
Active
Real Estate Taxes
[Per Annum]
$ 24,748
Building Size
20'x60'
Year Built
1931
ASF/ASM
3,600/334
Property Description
Mixed use corner building for sale in the heart of Gravesend/Midwood. Great opportunity for investor to buy a mixed use property with 2 stores and 2 apartments, parking for 1 car. 1st floor has a restaurant and barber shop, 2nd and 3rd floors have apartments for rent 4 bedroom each. Prime location, semi attached building close to trains, shopping and stores. Rents: 4 bedroom apartment on the 2nd floor $2,150 mth; 3rd floor apartment 4 bedroom $2,440 mth; restaurant $5,865 month; barber shop $1,810 mth. The restaurant has a lease for the next 1.5 years, barber shop has a lease for the next 1 year, apartments have 1 year leases that finish in March and September accordingly, back yard parking spots can be rented for $400 per month. Taxes: $24,748 per year. Total income for a year: $147,180. The building expenses for heat, water, insurance, etc. are $38K-41K per year. Lot 20x80, Building 20x60. Don't miss!
Mixed use corner building for sale in the heart of Gravesend/Midwood. Great opportunity for investor to buy a mixed use property with 2 stores and 2 apartments, parking for 1 car. 1st floor has a restaurant and barber shop, 2nd and 3rd floors have apartments for rent 4 bedroom each. Prime location, semi attached building close to trains, shopping and stores. Rents: 4 bedroom apartment on the 2nd floor $2,150 mth; 3rd floor apartment 4 bedroom $2,440 mth; restaurant $5,865 month; barber shop $1,810 mth. The restaurant has a lease for the next 1.5 years, barber shop has a lease for the next 1 year, apartments have 1 year leases that finish in March and September accordingly, back yard parking spots can be rented for $400 per month. Taxes: $24,748 per year. Total income for a year: $147,180. The building expenses for heat, water, insurance, etc. are $38K-41K per year. Lot 20x80, Building 20x60. Don't miss!
Listing Courtesy of Superior Realty Service
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Apartment Features
Exposed Bricks
Hardwood Floors
Building Details [1806 McDonald Avenue]
Ownership
Mixed Use
Block/Lot
6632/7
Building Size
20'x60'
Zoning
C8-2
Year Built
1931
Floors
3
Lot Size
20'x80'
Mortgage Calculator in [US Dollars]
Maria Castellano
License
Licensed As: Real Estate Broker/Owner
Licensed Real Estate Broker/Owner
W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 499087