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.