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$ 1,530,000
Est. payment /mo
Active
860 McDonald AVE Brooklyn, NY 11219
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 502158
Annual Tax Amount $7,165
Property Sub-Type Mixed Use
Property Description
Mixed-use property featuring 1 commercial storefront and 3 residential units in a prime Brooklyn location. Fully occupied with stable tenants and current gross rental income of $7,230/month ($86,760/year). Separate gas, electric, and hot water systems for all units, resulting in low operating expenses. Annual expenses include approximately $7,165 property tax, $2,400 insurance, and $1,800 water/sewer. Approximate 4.9% Cap Rate with potential for future rent growth. Conveniently located near public transportation, shopping, restaurants, schools, and other neighborhood amenities. Excellent opportunity for investors, 1031 exchange buyers, or owner-users. Showings by appointment only.
Location
State NY
County Kings (brooklyn)
Area Kensington
Rooms
Basement Finished
Interior
Interior Features Heated
Hot Water Gas
Heating Gas
Flooring Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash,None
Listed by E House Realty & Mgt. Inc.