Buy with Yoreevo
$1,768,500
List Price: $1,800,000
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1023 McDonald Avenue
House in Kensington •  building info
5bd • 3ba • 1,874ft² $961 per ft²
Buy with Yoreevo

$1,768,500

List Price

$1,800,000

Key Details
Days on market
2
Last price change
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Estimated payment
$9,971/mo
Taxes
$258/mo
Maintenance
N/A
Description
Excellent Investment Opportunity – Mixed-Use Building in Gravesend, Brooklyn Don't miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn. Situated in one of South Brooklyn's historic and established neighborhoods, this property benefits from excellent visibility and high foot traffic. It is conveniently located just a 5-minute walk to the F train, with easy access to local shopping, restaurants, and other commercial amenities. The property is also just minutes from Coney Island and major highways, providing a convenient commute to Manhattan and other parts of New York City. All three residential units are rented at market rates, with one apartment scheduled to be delivered vacant at closing, offering flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents. This investment offers strong income potential with low operating expenses. Each unit has its own separate gas and electric meters (4 gas meters and 4 electric meters total), allowing tenants to pay their own utilities. The property has been meticulously maintained, including an excellent-condition utility room and a roof protected by a 30-year metal roofing warranty. Property Highlights: Mixed-use building with 3 residential units and 1 commercial storefront M1-1 zoning Well-maintained brick construction Three market-rate residential rentals One unit delivered vacant at closing Four separate gas meters Four separate electric meters Tenants pay their own utilities Utility room in excellent condition Roof with 30-year metal protection warranty Prime Gravesend location near the F train, shopping, Coney Island, and major highways Highly motivated seller This is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location.

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Home features
Hardwood floors
Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$1,800,000
Asking Price: $1,800,000
Term
30 Years
Down Payment
$180,000 (10%)
Min: 10% (180,000)
Rate
6.0 %
Mortgage Amount
$1,620,000
Mortgage Payment
$9,713
Taxes
$258
Estimated Yoreevo rebate
$31,500
Estimated closing cost
$63,000
Total monthly cost $9,971
Buy your dream home with us and get an estimated
$31,500 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Houlihan Lawrence Inc.

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