$1,600,000
Updated 7 years ago
Off Market

549 McDonald Ave

Kensington, Brooklyn | Church Ave & Ave C

12 Beds6 Baths4,929 Square FeetRental Property

$1,600,000
floors / apts3 / 6
Lot Size23'8"x125'
ZoneR5
Building TypeLow-Rise
RE Taxes$9,787
Price Per SF
$325

Building Amenities

  • Voice Intercom

Property Description for 549 McDonald Ave

Marcus & Millichap has been exclusively hired to sell 549 McDonald Avenue, a six unit apartment building located between Avenue C and Church Avenue in the Kensington neighborhood of Brooklyn, New York (Block: 5353, Lot: 60).

The subject property is built 23.67 feet wide by 69 feet deep and sits on a 23.67 foot by 125 foot lot. The property is approximately 4,940 gross square feet, and is zoned R5.

This building is ideally configured as entirely two bedroom apartments with an air-shaft in the middle. Additionally, two of the six units have been de-regulated with Division of Housing and Community Renewal and are currently free-market. Three of the remaining four units are being rented at preferential rents with riders in place, which allows a new investor to raise the income to the maximum legal rent once the current lease renewals expire.

Due to the unique mix of free market and rent stabilized apartments with preferential leases, a new investor can swiftly capture the upside in this multi-family asset.

Listing History for 549 McDonald Ave

Now
03/23/2016
POM by Conor Hussey
Marcus & Millichap
01/27/2016
$1,600,000
Initial Price by Conor Hussey
Marcus & Millichap

Building Details for 549 McDonald Ave

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Church Av
0.22 miles
Ditmas Av
0.33 miles

Citi Bike

Church Ave & McDonald Ave
0.13 miles
Church Ave & Story St
0.15 miles

Contact Agents

Contact Agents

Conor Hussey
Marcus & Millichap
Gerard Traficante
Marcus & Millichap
John Brennan
Marcus & Millichap
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 62572TH