2374 Mcdonald AveBrooklyn, NY 11223

Property Details for 2374 Mcdonald Ave

Year built

1931

Lot size

0.03 AC

Property size (Sq ft)

1,620 SF

Zone code

C8-1

Property type

Investment properties

Property subtype

Live-work space

APN

07146-0048

APU

71460048

Description

This exceptional restaurant opportunity is located at 2374 McDonald Avenue in Brooklyn, New York, 11223, within Kings County. The property boasts a substantial 2,000 square foot space, currently operating at 100% occupancy. Priced at $150,000, this represents a compelling value of $75 per square foot. The building itself measures 18x45 feet, situated on an 18x80 foot lot. The property is classified as retail, specifically a restaurant, and operates under a Triple Net (NNN) lease. The current lease has expired (0 years remaining), presenting a unique chance for ownership and potential lease renegotiation or immediate occupancy. The previous tenant generated a monthly rent of $3,000, indicating strong potential for continued profitability. The current owner is retiring, creating this immediate opportunity for acquisition. This turnkey restaurant presents a rare chance to establish or expand a successful culinary business in a vibrant Brooklyn neighborhood. The property's size and location make it ideal for a variety of restaurant concepts. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $267,834

  6.5%

  $247,232

  7%

  $229,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $211,669

  Geo Method

  $211,669

• Alternative Use

  Use

  Valuation

  Residential

  $306,567

  Hospitality

  $280,814

  Educational

  $233,634

  Medical

  $241,669

  Retail

  $363,431

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5944

Longitude

-73.9739

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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