$1,780,000
↓ $120K (6.3%)
●
Property -
For Sale
1207 McDonald Avenue
Brooklyn, NY 11230
Studio
0 Bath
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.
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
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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
-
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