1023 McDonald Avenue, New York, NY, 11230
$1,800,000
activeBedrooms
5
Bathrooms
3
Lot Size
1,874 sqft
Year Built
1920
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Excellent Investment Opportunity – Mixed-Use Building in Gravesend, Brooklyn Don't miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn. Situated in one of South Brooklyn's historic and established neighborhoods, this property benefits from excellent visibility and high foot traffic. It is conveniently located just a 5-minute walk to the F train, with easy access to local shopping, restaurants, and other commercial amenities. The property is also just minutes from Coney Island and major highways, providing a convenient commute to Manhattan and other parts of New York City. All three residential units are rented at market rates, with one apartment scheduled to be delivered vacant at closing, offering flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents. This investment offers strong income potential with low operating expenses. Each unit has its own separate gas and electric meters (4 gas meters and 4 electric meters total), allowing tenants to pay their own utilities. The property has been meticulously maintained, including an excellent-condition utility room and a roof protected by a 30-year metal roofing warranty. Property Highlights: Mixed-use building with 3 residential units and 1 commercial storefront M1-1 zoning Well-maintained brick construction Three market-rate residential rentals One unit delivered vacant at closing Four separate gas meters Four separate electric meters Tenants pay their own utilities Utility room in excellent condition Roof with 30-year metal protection warranty Prime Gravesend location near the F train, shopping, Coney Island, and major highways Highly motivated seller This is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location.
Listed by Olivia M. White, Houlihan Lawrence Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Aug 13, 2026, 11:09 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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