1023 Mcdonald Avenue, Brooklyn, NY 11230
Local realty services provided by:CENTURY 21 New West Properties
1023 Mcdonald Avenue,Brooklyn, NY 11230
$1,800,000
- 5 Beds
- 3 Baths
- 1,873 sq. ft.
- Multi-family
- Active
Listed by: olivia m. white, olivia m. white
Office: houlihan lawrence inc.
MLS#:1029553
Source:OneKey MLS
Price summary
- Price:$1,800,000
- Price per sq. ft.:$961.03
About this home
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 facts
- Year built:1920
- Listing ID #:1029553
- Added:52 day(s) ago
- Updated:September 15, 2026 at 11:10 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Hardwood
- Basement:Yes
- Living area:1,873 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1920
- Building area:1,873 sq. ft.
- Lot area:0.04 Acres
- Construction Materials:Brick
Schools
- High school:Franklin Delano Roosevelt High School
- Middle school:Jhs 223 Montauk (The)
- Elementary school:Ps 192 Magnet School-Math And Sci
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,800,000
- Price per sq. ft.:$961.03
- Tax amount:$3,091 (2025)
Features and amenities
- Amenities:Granite Counters, High Ceilings, Marble Counters
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