$1,780,000 $1,900,000
Updated 9 hours ago
Price drop

1207 McDonald Ave

Midwood, Brooklyn | Ave J & Ave I

6 Rooms4 Beds1.5 Baths2,000 Square FeetMixed Use

$1,780,000 $1,900,000
floors / apts2 / 1
Lot Size20'x90'
Built Size20'x50'
ZoneM1-1
Building TypeLow-Rise
RE Taxes$6,247
Price Per SF
$890

Property Description for 1207 McDonald Ave

Welcome to this unique mixed-use building in the heart of prime Midwood! Nestled in the vibrant community of Midwood, this mixed-use building measures 20x50 and sits on a 20x90 lot. The first floor boasts a spacious and well-laid-out restaurant space, providing an excellent opportunity for entrepreneurs to establish their culinary vision. With a high-visibility location, this space is ready to become a local hotspot. The second floor presents a unique residential unit featuring four bedrooms, one bathroom, a living room, and a kitchen. Perfect for an owner-occupant, this space allows for the convenience of living on-site while enjoying the potential income from the restaurant below. The property will be delivered vacant. Whether you're an aspiring restaurateur or looking to create a dream home, this property offers a blank canvas to bring your vision to life. With a restaurant on the first floor and a residential above, this property is a versatile investment with multiple income streams and potential uses. Enjoy the financial advantage of low property taxes of $6,247, offering a cost-effective ownership experience for investors or owner-occupants looking to maximize their returns. This presents an excellent opportunity for investors and renovators to customize the property to their specifications. The property is being sold As Is. Embrace the charm of this mixed-use gem and turn it into a thriving hub for both commercial and residential pursuits. Call today to schedule a showing!

Listing History for 1207 McDonald Ave

Now
02/05/2024
$1,780,000 [-$120,000] [6.3%]
Price Drop by Kelvin Ng Wu
Century 21 Realty First
01/05/2024
$1,900,000
Initial Price by Kelvin Ng Wu
Century 21 Realty First

Building Details for 1207 McDonald Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts2/1
Learn More About the Building

Contact Agents

Contact Agents

Kelvin Ng Wu
Century 21 Realty First
Karen Ng Mok
Century 21 Realty First
View this property on the company's website

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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: 93714TH