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751-755 McDonald Ave Portfolio 2 Multifamily Properties Offered at $6,490,000 in Brooklyn, NY
INVESTMENT HIGHLIGHTS
- The buildings are only available as a package - no option for individual building purchase.
EXECUTIVE SUMMARY
Incredible investment opportunity for two buildings in Kensington Brooklyn. 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. All rent roll and expenses break downs will be provided upon requested.
PROPERTY FACTS
| Price | $6,490,000 | Status | Active |
| Price / SF | $356.75 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.61% | Total Building Size | 18,192 SF |
| Sale Type | Investment | Total Land Area | 0.16 AC |
| Price | $6,490,000 |
| Price / SF | $356.75 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.61% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,192 SF |
| Total Land Area | 0.16 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 755 McDonald Ave, Brooklyn, NY 11218 | Multifamily | 9,096 SF | 1930 | - |
| 751 Mcdonald Ave, Brooklyn, NY 11218 | Multifamily | 9,096 SF | 1930 | - |
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751-755 McDonald Ave Portfolio
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