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.
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.