Mixed-Use
1129 Mcdonald Avenue, Brooklyn, NY 11230
For Sale
$1,350,000
The property is scheduled to transfer vacant, with the upper floor ready for occupancy and other areas requiring work.
Property Size3,300 SF
Price / SF$409.09
Days on Market101
Property Features for 1129 Mcdonald Avenue
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Amenities
Hardwood
Electric
Other
3
3300
Gas
Unfinished
Brick
1795
Block
20
90
Yes
Building Details
Stories
Listing Agency:
RE/MAX Edge
Listed By:
ChaoHui Andrew Chen · License NY CAC7832
(718) 612-3088
Source:
Suitsre
Added: Aug 3
Changed: Nov 10
Last Checked: Nov 10 at 2:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,300-square-foot mixed-use building at 1129 McDonald Avenue is expected to be vacant at closing. The upper floor is in move-in condition; the second floor, first floor, and basement require work. The exterior is brick, and the basement is unfinished.
The property is minutes from the F train in Brooklyn. Building dimensions are listed as 20 by 55 feet, with a 20-by-90-foot lot.
The property is minutes from the F train in Brooklyn. Building dimensions are listed as 20 by 55 feet, with a 20-by-90-foot lot.
Key Highlights
- 3,300 square feet of mixed‑use space
- Delivered vacant at closing
- Upper floor is in move‑in condition; first and second floors and basement need work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,790
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,395,800
$2.4M
Cap Rate 7%
$1,711,286
$1.7M
Cap Rate 9%
$1,331,000
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$217.8K $66.00/SF
− Vacancy
−$26.1K −$7.92/SF
EGI
$191.7K $58.08/SF
− OpEx
−$71.9K −$21.78/SF
NOI
$119.8K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,395,800
Cap Rate 7%
$1,711,286
Cap Rate 9%
$1,331,000
Alternative Uses
Best Use
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $119,790 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,629
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property is scheduled to transfer vacant, with the upper floor ready for occupancy and other areas requiring work.
Where is this mixed-use property located?
The property is located at 1129 Mcdonald Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3,300 square feet of mixed‑use space; Delivered vacant at closing; Upper floor is in move‑in condition; first and second floors and basement need work
