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430 Mcdonald Avenue
Townhouse in Kensington •  building info
8bd • 6ba
Sold price

$1,410,000

Key Details
Days on market
312
Last price change
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Estimated payment
$16,989
Taxes
$8,968
Monthly maintenance
N/A
Description
Great investment opportunity -- potential 6% + Cap Rate. Can be delivered vacant!Welcome to 430 McDonald Avenue: A renovated, semi-detached, four-unit building (two 2-families) on one of Kensington's most popular avenues. With an existing rent roll and relatively low operating expenses, this opportunity is perfect for stable income and future upside in an appreciating area close to transportation and Prospect Park. It features a total of eight bedrooms and six bathrooms over 2,320 SF. Additionally the Certificate of Occupancy specifies this as two 2-family buildings, meaning that short-term rental use (AirBnB, VRBO, etc.) would be allowed per the NYC Multiple Dwelling Law, which would up the gross rent from $102k to over $175k, per local short-term rental management companies. Call or email today for showings. 24 hour advanced notice needed. Set up sheet available on request.

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History
What it'll cost
Purchase price
$1,410,000
Asking Price: $1,410,000
Term
30 Years
Down Payment
$141,000 (10%)
Min: 10% (141,000)
Rate
6.5 %
Mortgage Amount
$1,269,000
Mortgage Payment
$8,021
Taxes
$8,968
Estimated closing cost
$51,000
Total monthly cost $16,989
Listing Courtesy of Douglas Elliman

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