755 McDonald Ave

Lets talk about a rare Brooklyn investment opportunity. Please read the entire description.

755 Mc Donald Avenue is for sale for the 1st time in decades. This mixed-use legal twelve family building with two huge commercial spaces is located on the border of Kensington & Boro Park, literally 50 feet from the F train. The residential portion can be delivered vacant at closing, both commercial spaces total about 2,600 square feet and are currently occupied but the possibility for one vacancy is there, one lease expires in 2022. The residential portion of the building is set up as four one-bedroom apartments, four two bedrooms apartments and four convertible three-bedroom apartments. Totaling 6,500 square feet. Currently the rents are all under market value, but the building will be delivered vacant. There is also a massive basement running the length and width of the building. The building is 40x75. This is a perfect 1031 exchange opportunity, a great buy and hold. Tell me where you can get a vacant twelve family?

This building is the 1st of a portfolio of adjacent buildings to hit the market, the buyer of this property will have first right of refusal for the rest of the block. In total we are talking about 24 residential units (all delivered vacant), four commercial spaces and two warehouses. The possibilities are endless and if you are an experienced investor you know this type of package rarely hits the market.