1202 Mcdonald AveBrooklyn, NY 11230

Property Details for 1202 Mcdonald Ave

Year built

1931

Lot size

0.04 AC

Property size (Sq ft)

1,268 SF

Zone code

M1-2

Property type

Retail space

APN

05464-0041

APU

54640041

Description

This exceptional 1,300 square foot commercial property, located at 1202 McDonald Avenue in Brooklyn, New York, presents a unique investment opportunity. Situated on a 1,950 square foot lot, this single-story building offers versatile space ideal for a variety of uses, including retail, industrial, office, warehouse, manufacturing, or restaurant operations. The property features 8-10 foot ceilings, providing ample headroom for various applications. Its prime location in the Midwood neighborhood offers excellent accessibility, further enhanced by a shared community driveway, ensuring smooth logistics for deliveries and client access. The asking price is $1,180,000. This property is zoned for commercial use and represents a strong potential for both immediate occupancy and long-term appreciation. The building's adaptable layout and convenient location make it an attractive option for entrepreneurs and investors seeking a foothold in a thriving Brooklyn market. The property's single-unit structure simplifies management and operation, while its size offers a manageable footprint for a variety of businesses. With its blend of functionality and location, this property is poised to deliver strong returns. The property is located in Kings County (Brooklyn), New York, zip code 11230.

• CAP approach

  CAP return

  Valuation

  6%

  $308,168

  6.5%

  $284,463

  7%

  $264,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $417,506

  Geo Method

  $417,506

• Alternative Use

  Use

  Valuation

  Residential

  $239,955

  Hospitality

  $219,798

  Educational

  $182,869

  Medical

  $189,158

  Retail

  $284,463

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.624

Longitude

-73.9762

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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