Check Availability
$1,780,000
↓ $120K (6.3%)
Property - For Sale

1207 McDonald Avenue

Brooklyn, NY 11230
bedrooms
Studio
bathrooms
0 Bath
square feet
2000 Sqft
$9,261
Estimated Monthly
$0
HOA / Fees
0.49%
Cap Rate

About This Property

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!

The manager has listed the unit size as 2000 square feet.
Unit Size
2,000Ft²
Days on Market
127 days
Land Size
0.04 acres
Price per sqft
$890
Property Type
Property
Property Taxes
$521
HOA Dues
-
Year Built
1931

Listed By

Kelvin Ng Wu
Century 21 Realty First
Last updated: 4 months ago (BMLSNY #479028)

Price History

Date / Event Date Event Price
Feb 6, 2024 Price Decreased $1,780,000
↓ $120K (6.3%)
Price Decreased
Jan 6, 2024 Listed by Realty First Residential $1,900,000
Listed by Realty First Residential
Jun 15, 2012 Sold to Chun Mang Li, Qiao Xia Zheng $490,000
Sold to Chun Mang Li, Qiao Xia Zheng

Property Highlights

Exterior Details

Exterior Information

Brick

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$1,500,000 Jun 15, 2023
$1,500,000 Oct 12, 2023
$584/mo
Commercial
Loft
-
-
$1,590,000 Sep 8, 2020
$1,590,000 Jun 8, 2021
-
House
6 Beds
3 Baths
2,304 ft²
$760/ft²
$1,750,000 Oct 8, 2020
$1,750,000 Jan 25, 2021
-
Multifamily
6 Beds
5 Baths
2,260 ft²
$719/ft²
$1,625,000 Aug 16, 2017
$1,625,000 Nov 22, 2017
-
House
4 Beds
2 Baths
2,487 ft²
$744/ft²
$1,850,000 Jul 28, 2020
$1,850,000 Dec 3, 2020
-
House
7 Beds
3 Baths
2,469 ft²
$770/ft²
$1,900,000 Aug 1, 2019
$1,900,000 Jul 24, 2020
-
Other
Loft
-
2,600 ft²
$646/ft²
$1,680,000 Nov 3, 2023
-
$667/mo
Commercial
Loft
-
2,125 ft²
$776/ft²
$1,650,000 Feb 23, 2024
-
$1,583/mo
Other
Loft
-
2,740 ft²
$547/ft²
$1,499,999 Dec 29, 2023
-
-
Other
Loft
-
3,000 ft²
$650/ft²
$1,950,000 Jun 9, 2023
-
$633/mo
Other
Loft
-
3,300 ft²
$570/ft²
$1,880,000 Jul 13, 2023
-
$955/mo
Other
Loft
-
3,300 ft²
$439/ft²
$1,450,000 May 21, 2023
-
$424/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

1207 McDonald Avenue 1207 McDonald Avenue, Brooklyn, NY 11230
  • 2 Units
  • 1 Unit for Sale
More about this Building
1207 McDonald Avenue
Want to find out who owns 1207 McDonald Avenue, Brooklyn, NY 11230? Get detailed property transactions here .

About Central Brooklyn


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