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By Car
Tools
Size
2
Bedrooms
1
Full Bath
100 Acres
Exterior
Financial
$1,410,000
Sold 12-09-21
Listing Details
Townhouse
Property type
2997653
Web Id
619-7339694
MLS ID
884
Days Posted
Description
430 Mcdonald Avenue,
Brooklyn,
NY
11218
Brooklyn, NY 11218
Great investment opportunity -- potential 6% + Cap Rate. Can be delivered vacant!Welcome to 430 McDonald Avenue: A renovated, semi-detached, four-unit building (two 2-families) on one of Kensington's most popular avenues. With an existing rent roll and relatively low operating expenses, this opportunity is perfect for stable income and future upside in an appreciating area close to transportation and Prospect Park. It features a total of eight bedrooms and six bathrooms over 2,320 SF. Additionally the Certificate of Occupancy specifies this as two 2-family buildings, meaning that short-term rental use (AirBnB, VRBO, etc.) would be allowed per the NYC Multiple Dwelling Law, which would up the gross rent from $102k to over $175k, per local short-term rental management companies.
Call or email today for showings. 24 hour advanced notice needed.
Set up sheet available on request.
Call or email today for showings. 24 hour advanced notice needed.
Set up sheet available on request.
Price History
| date | price | variance | type | global |
|---|---|---|---|---|
| 12/8/2021 | $1,410,000 | 8.97 % | Sold | view listing |
| 9/14/2021 | $1,549,000 | - | Contract |
Listing By: Douglas Elliman via Data Source: RealPlus MLS
