679 Macdonough StBrooklyn, NY 11233

Property Details for 679 Macdonough St

Year built

1931

Property type

Retail properties

Description

This exceptional commercial property at 679 MacDonough Street in Brooklyn, New York, presents a unique investment opportunity. The 6-story, 12-unit retail building, constructed in 1931, is situated in the highly desirable Bedford-Stuyvesant neighborhood and offers significant potential for redevelopment. Currently zoned R6-B, the property allows for the construction of up to a six-story building. Its prime location provides convenient access to public transportation, numerous restaurants, and shopping amenities. The asking price is $3,000,000. This property's strong location within a thriving Brooklyn neighborhood, combined with its flexible zoning, makes it an ideal investment for developers seeking to capitalize on the area's booming real estate market. The existing structure provides immediate income potential while the R6-B zoning unlocks substantial future development possibilities. The property's 12 units offer a solid foundation for a strong return on investment, whether through continued operation or redevelopment. Consider the potential for creating a larger residential building, taking advantage of the permitted six-story height restriction. This is a rare opportunity to acquire a well-located commercial property with significant upside in a rapidly developing area of Brooklyn. The property's Kings County address and 11233 zip code further highlight its strategic location.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6841

Longitude

-73.9189

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