1023 Mcdonald Avenue, Brooklyn, NY 11230
Local realty services provided by:Better Homes and Gardens Real Estate Green Team
1023 Mcdonald Avenue,Brooklyn, NY 11230
$1,800,000
- 5 Beds
- 3 Baths
- 1,873 sq. ft.
- Multi-family
- Active
Listed by: olivia m. white, olivia m. white
Office: houlihan lawrence inc.
MLS#:1029553
Source:OneKey MLS
Price summary
- Price:$1,800,000
- Price per sq. ft.:$961.03
About this home
Excellent Investment Opportunity – Mixed-Use Building in Gravesend, Brooklyn
Don't miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn.
Situated in one of South Brooklyn's historic and established neighborhoods, this property benefits from excellent visibility and high foot traffic. It is conveniently located just a 5-minute walk to the F train, with easy access to local shopping, restaurants, and other commercial amenities. The property is also just minutes from Coney Island and major highways, providing a convenient commute to Manhattan and other parts of New York City.
All three residential units are rented at market rates, with one apartment scheduled to be delivered vacant at closing, offering flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents.
This investment offers strong income potential with low operating expenses. Each unit has its own separate gas and electric meters (4 gas meters and 4 electric meters total), allowing tenants to pay their own utilities. The property has been meticulously maintained, including an excellent-condition utility room and a roof protected by a 30-year metal roofing warranty.
Property Highlights:
Mixed-use building with 3 residential units and 1 commercial storefront
M1-1 zoning
Well-maintained brick construction
Three market-rate residential rentals
One unit delivered vacant at closing
Four separate gas meters
Four separate electric meters
Tenants pay their own utilities
Utility room in excellent condition
Roof with 30-year metal protection warranty
Prime Gravesend location near the F train, shopping, Coney Island, and major highways
Highly motivated seller
This is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:1029553
- Added:1 day(s) ago
- Updated:July 24, 2026 at 09:41 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Hardwood
- Basement:Yes
- Living area:1,873 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1920
- Building area:1,873 sq. ft.
- Lot area:0.04 Acres
- Construction Materials:Brick
Schools
- High school:Franklin Delano Roosevelt High School
- Middle school:Jhs 223 Montauk (The)
- Elementary school:Ps 192 Magnet School-Math And Sci
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,800,000
- Price per sq. ft.:$961.03
- Tax amount:$3,091 (2025)
Features and amenities
- Amenities:Granite Counters, High Ceilings, Marble Counters
New listings near 1023 Mcdonald Avenue
- New
$2,499,999Active4 beds 3 baths2,364 sq. ft.88 Midwood Street, Brooklyn, NY 11225
MLS# 1030018Listed by: DOUGLAS ELLIMAN REAL ESTATE - Open Sat, 1 to 3pmNew
$1,200,000Active3 beds 3 baths2,480 sq. ft.672 Drew Street, Brooklyn, NY 11208
MLS# 1030432Listed by: YOURHOMESOLD GUARANTEED REALTY - New
$1,150,000Active4 beds 2 baths2,200 sq. ft.601 Knickerbocker Avenue, Brooklyn, NY 11221
MLS# 1023510Listed by: REDFIN REAL ESTATE - Open Sun, 1 to 3pmNew
$1,250,000Active3 beds 3 baths2,241 sq. ft.4511 Bedford Avenue, Brooklyn, NY 11235
MLS# 1030355Listed by: BRIGHT HORIZONS REALTY INC
$1,499,000Active9 beds 7 baths3,756 sq. ft.933 Cleveland Street, Brooklyn, NY 11208
MLS# 951598Listed by: OUR COMMUNITY REALTY LTD
$1,499,000Active9 beds 7 baths3,723 sq. ft.929 Cleveland Street, Brooklyn, NY 11208
MLS# 951599Listed by: OUR COMMUNITY REALTY LTD- New
$1,100,000Active5 beds 3 baths1,989 sq. ft.1572 Bergen Street, Brooklyn, NY 11213
MLS# 1030111Listed by: WORLD WIDE HOMES INC - New
$1,250,000Active6 beds 3 baths2,364 sq. ft.1241 Putnam Avenue, Brooklyn, NY 11221
MLS# 1030126Listed by: WORLD WIDE HOMES INC - New
$775,000Active5 beds 3 baths2,481 sq. ft.716 Hemlock Street, Brooklyn, NY 11208
MLS# 1028921Listed by: ICONIC PROS