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$6,490,000
Est. payment /mo
18,192 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 18,192 sqft
Price per Sqft $356
MLS Listing ID 495596
Year Built 1930
Annual Tax Amount $111,513
Lot Dimensions 80 x 85
Property Sub-Type Mixed Use
Property Description
Two solid buildings in Kensington offered one building with 2 commercial stores and 3 floors of warehouse and the second building with 2 commercial stores and 12 residential apartments unique opportunity, both buildings have full basements. Incredible investment opportunity. This property 751 Mcdonal Ave is a four stories plus a full basement brick building which is vacant currently, the store front is a retail space which is appx 2,600 sqft, Certificate of Occupancy #300087901-02, projected yearly income $306K. 755 McDonald Ave is a four stories plus a full basement brick building as well. It consists of two stores and twelve apartments, gross yearly income $294,000, net income $ 175,357. Certificate of Occupancy #300087894-02. The six commercial spaces between two buildings will be vacant at the closing. The total projected yearly income is $600,000, net projected yearly income $428,960, cap rate about 6% plus. Only steps away from train station and Ditmas Avenue. All rent roll and expenses break downs will be provided upon requested.
Location
State NY
County Kings (brooklyn)
Area Kensington
Zoning MI-1
Rooms
Basement Full
Interior
Interior Features Kitchen
Hot Water Oil
Heating Oil
Flooring Hardwood
Heat Source Oil
Exterior
Exterior Feature Brick
Roof Type Flat
Handicap Access No
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Oil
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Exit Realty Professionals
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