Flexible Storefront for Medical or
1937 Mcdonald Ave, Brooklyn, NY 11223
For Sale
Contact for pricing
Versatile commercial space on McDonald Ave suited for retail, office, medical, showroom, or service use.
Property Size1,000 SF
Price / SF$3.80
Days on Market196
Property Features for 1937 Mcdonald Ave
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Ashford Homes LLC
Listed By:
ShuYu (Linda) Zeng
(929) 364-1301
Source:
Exprealty
Added: Apr 28
Changed: Nov 4
Last Checked: Nov 8 at 6:52AM
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 Ashford Homes LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This versatile commercial space at 1937 McDonald Ave offers a flexible layout designed to accommodate a range of business needs. The property is described as suitable for retail, office, medical, showroom, or service-based uses, providing a practical footprint for organizations looking for storefront visibility and adaptable interior planning. The offering includes approximately 1,000 square feet.
Positioned along McDonald Avenue in Brooklyn, the property benefits from street presence with strong frontage. The remarks also note convenient access to major transportation routes and public transit, including nearby subway lines and bus routes, supporting customer and staff access from surrounding areas.
Positioned along McDonald Avenue in Brooklyn, the property benefits from street presence with strong frontage. The remarks also note convenient access to major transportation routes and public transit, including nearby subway lines and bus routes, supporting customer and staff access from surrounding areas.
Key Highlights
- Versatile commercial space at 1937 McDonald Ave, Brooklyn, NY 11223
- Flexible space suited for retail, office, medical, showroom, or service‑based businesses
- Flat roof and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,948
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,960
$499.0K
Cap Rate 7%
$356,400
$356.4K
Cap Rate 9%
$277,200
$277.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$43.2K $43.20/SF
− Vacancy
−$9.9K −$9.94/SF
EGI
$33.3K $33.26/SF
− OpEx
−$8.3K −$8.32/SF
NOI
$24.9K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,960
Cap Rate 7%
$356,400
Cap Rate 9%
$277,200
Alternative Uses
Best Use
Retail
$685.1K
$599.4K – $799.3K
NOI $47,955 @ 7.0% cap · market cap 1,261.97%
Second Best
Office B
$356.4K
$311.9K – $415.8K
NOI $24,948 @ 7.0% cap · market cap 656.53%
Theoretical Best
Specialty Retail
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 1,525.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Brooklyn, NY
Properties on Market for Office Units in Brooklyn
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Versatile commercial space on McDonald Ave suited for retail, office, medical, showroom, or service use.
Where is this office unit located?
The property is located at 1937 Mcdonald Ave Brooklyn, NY.
What are key features of this property?
This property features: Versatile commercial space at 1937 McDonald Ave, Brooklyn, NY 11223; Flexible space suited for retail, office, medical, showroom, or service‑based businesses; Flat roof and concrete flooring
