1806 McDonald Ave

Mixed use corner building for sale in the heart of Gravesend/Midwood. Great opportunity for investment in mixed use property with 2 stores and 2 apartments, parking for 1 cars. 1st floor has a restaurant and barber shop, 2nd and 3rd floors are apartments for rent 4 bedroom each. Prime location, semi attached building close to trains, shopping and stores. Rents: 4 bedroom apartment on the 2nd floor $2,150 month; 3rd floor apartment 4 bedroom $2,440 month; restaurant $5,720K month; barber shop $1,750K. The restaurant has a lease for the next 2.5 years, barber shop has a lease for the next 2.5 years, apartments have 1 year leases that finish in April and September accordingly, back yard parking spots can be rented for $500 per month. Taxes: $23,649yr. Total income for a year: $142,800 Lot 20x80, Building 20x60.