1080 Mcdonald AveBrooklyn, NY 11204

  • Mixed-use properties
  • 130,404 SF
For Lease

Property Details for 1080 Mcdonald Ave

Year built
1965
Lot size
1.78 AC
Property size (Sq ft)
130,404 SF
Zone code
M1-1
Property type
Mixed-use properties
Property subtype
Retail residential properties
APN
05457-0110
APU
54570110

Description

This exceptional 800-square-foot medical office space is ideally situated at 1080 McDonald Avenue in Brooklyn, New York, within Kings County. Currently vacant, the entire space is available for immediate occupancy, presenting a unique opportunity for a medical professional or related business. The property is classified as retail, office, and restaurant space, with a primary subtype of medical office and a secondary subtype of shopping center. The building's total square footage is 800 square feet, all of which is currently vacant and ready for tenant improvements. The single-tenant occupancy allows for complete control and customization of the space. The location offers excellent visibility and accessibility, situated within a larger commercial complex, potentially allowing for expansion beyond the initial 800 square feet, as indicated by the possibility of additional space becoming available. The property's address is 1080 McDonald Avenue, Brooklyn, NY 11204. This presents a rare chance to establish a thriving practice in a high-traffic area with significant potential for growth. The property is categorized as a medical office within a larger shopping center environment, offering a unique blend of accessibility and professional image. This turnkey space is ready for immediate occupancy and customization to meet the specific needs of a medical practice. The property's location in Kings County, New York, provides easy access to major transportation routes and a diverse patient base.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $26,733,998
    6.5%
    $24,677,538
    7%
    $22,914,856
  • Comparable approach

    Method
    Valuation
    Relative Method
    $26,409,810
    Geo Method
    $26,409,810
  • Alternative Use

    Use
    Valuation
    Residential
    $24,677,538
    Hospitality
    $22,604,492
    Educational
    $18,806,672
    Medical
    $19,453,462
    Retail
    $29,254,822
1080 Mcdonald Ave, Brooklyn, New York

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6266
Longitude
-73.977
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$598,402
$702,000
$5,102,550
$5,804,550
-
$1,560,000
$11,339,000
$12,899,000

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