860 Mcdonald Avenue, Brooklyn, New York 11219

Property Description

Mixed-use property featuring 1 commercial storefront and 3 residential units in a prime Brooklyn location. Fully occupied with stable tenants and current gross rental income of $7,230/month ($86,760/year). Separate gas, electric, and hot water systems for all units, resulting in low operating expenses. Annual expenses include approximately $7,165 property tax, $2,400 insurance, and $1,800 water/sewer. Approximate 4.9% Cap Rate with potential for future rent growth. Conveniently located near public transportation, shopping, restaurants, schools, and other neighborhood amenities. Excellent opportunity for investors, 1031 exchange buyers, or owner-users. Showings by appointment only.