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1117 Mcdonald AvenueBrooklyn, NY 11230

For Sale

$2,495,000

Smart Buyer Rebate $31,188

1117 McDonald Avenue, Brooklyn NY 11230 PRIME LOCATION CORNER OF MCDONALD AVENUE & AVENUE I (MIDWOOD, BROOKLYN) GREAT INVESTMENT OPPORTUNITY OFFERED ON AN EXCLUSIVE BASIS an incredible opportunity to own a 3 story mixed-use income-generating property with Long Term Tenants, great rent roll and upside for increases. This 3 Story brick bldg. is built 20 ft x 100 ft with 20 feet of frontage on McDonald and 100 feet on Avenue I. This mixed use building is comprised of Three retail/commercial store fronts and two floor through residential apartments above. The building corners on McDonald and Avenue I. Very well trafficked area, wonderful exposure on two wide avenues and amazing light. Great transportation hub, wonderful business and residential area. with great foot traffic. Second Floor is a 3 bedroom 1.5 bath Third floor is a 2 bedroom 1 bath apt. The ground floor has three commercial/retail spaces with long-term tenants. Unit 1 corners on McDonald & Avenue I, which has a deli as a tenant. Unit 2 store is currently vacant (possible user/owner) Unit 3 has a local RE company as a tenant. All commercial units have use of the cellar (under there spaces) that spans the full depth of the bldg. The building has incredibly low taxes of $7744/year The lot size and bldg. size is 20" x 100'. EXCEPTIONAL INVESTMENT/USER OPPORTUNITY Inquire of exclusive agents for additional information

Listed by Alan S Nickman

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License #30NI0421068

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Douglas Elliman Real Estate

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(917) 224-1329

Listed by Stephen F Oneal

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License #10301201678

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Douglas Elliman Real Estate

Last updated September 07, 2025

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Source: REBNY #RLS11031663

Listing Facts

  • TypeSingle-family
  • NeighborhoodMidwood
  • Bedrooms7
  • Bathrooms5.5
  • Days on Prevu222
  • Taxes$7,740/year

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

03/06/2025
Price Decreased
$2,495,000
01/30/2025
Listed by Douglas Elliman Real Estate
$2,750,000

Estimated Closing Costs

Total
$90,338
Attorney Fees
$4,000
NYC Mansion Tax
$31,187
Title Insurance
$11,228
Bank Attorney
$1,500
Mortgage Recording Tax
$38,423
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $2,495,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1117 Mcdonald Avenue

Association

Amenities

  • Pets Allowed: Building Yes, No

Exterior

Construction

  • Number Of Units Total: 2
  • Property Condition: Good Condition
  • Stories Total: 3
  • Structure Type: Mixed Use
  • Entry Level: 1

Measurements

  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 0
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Tax Annual Amount: $7,740.00

Interior

Features

  • Interior Features: Smoke Free

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 5
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 7
  • Rooms Total: 12

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Midwood
  • Tax Block: 06504
  • Tax Lot: 0030

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Laundry Features: In Unit

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.