755 Mcdonald Avenue
Mixed Use | 7.00% CAP | 9,096 SqFt
Marketing description
Incredible investment property in Kensington Brooklyn. The money maker building offers two commercial spaces and twelve residential units which is generating $295,800 yearly, cap rate @ 7% plus. It located at a very busy spot of McDonald Avenue and right next to Ditmas Avenue. The two commercial stores are vacant and one vacant apartment currently. This is a great potential mixed use building that you shouldn't miss out. Take a closer look.
Investment highlights
Heat Delivery: steam/radiator
Heating Fuel: oil
Insurance Expense: 10000
Miscellaneous Expense: 9987.00
Net Operating Income: 175357
Rent Income: 24500
Tax Amount: 68816.00
Transaction Type: sale
Loading Docks: none
Lot Dimensions: 40 x 85
Lot Size Length: 85
Lot Size Width: 40
Lot Sq Ft: 3400
Road Frontage: 40
Roof: flat
Yard: none
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