Description

430 Mcdonald Avenue,
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.

Located at 430 Mcdonald Avenue, Brooklyn, New York 11218, Kensington neighborhood, this listing has been Sold for a price of $1,410,000 USD. The property includes 2 bedrooms, has 1 full baths. This listing encompasses a lot of 100 X 25. See all Apartments for Sold in Kensington.

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any descriptions, measurements, square footages or acreage and should not be relied upon as such. All information herein should be confirmed by the customer. All rights to all content, including but not limited to photographs, videos and other graphics, are reserved to exclusively to the Broker who supplied such listing content. All advertising on this site is subject to the Federal Fair Housing Act.

date	price	variance	type	global
12/8/2021	$1,410,000	8.97 %	Sold	view listing
9/14/2021	$1,549,000	-	Contract

date	price	variance	type	global
12/8/2021	$1,410,000	8.97 %	Sold	view listing
9/14/2021	$1,549,000	-	Contract

430 Mcdonald Avenue
Brooklyn, NY 11218

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Description