Mixed-Use Retail and Residential
860 McDonald Avenue Brooklyn, NY 11218
860 McDonald Avenue, Brooklyn, NY, 11218
$1,530,000
For Sale
$1,530,000
Fully occupied mixed-use building with one commercial storefront and three residential units, supported by separate utilities.
Property Size2,240 SF
Price / SF$683.04
Days on Market84
Property Features for 860 McDonald Avenue
General Information
- Standard status
- Active
- Size
- 2,240 SF
- Property subtype
- Mixed Use
Listing agency
E House Realty & Mgt. Inc.
(718) 680-2776
Listed by
Yu Ling (Eva) Chen · License #ylc3807
(718) 680-2776
Source
Compass
Added: Apr 30 Updated: Jul 21 at 11:05AM Checked: Jul 21 at 11:05AM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes one commercial storefront and three residential units, currently fully occupied with stable tenants. The building is serviced by separate gas, electric, and hot water systems for all units, helping to keep operating expenses controlled. Reported current gross rental income is $7,230 per month ($86,760 per year), with annual expenses estimated at approximately $7,165 for property tax, $2,400 for insurance, and $1,800 for water/sewer.
Located in Brooklyn near public transportation and everyday neighborhood amenities such as shopping, restaurants, and schools, the storefront and residences benefit from convenient access to surrounding activity.
The offering is presented as an investment opportunity, including for investors and potential owner-users, with an approximate 4.9% cap rate and stated potential for future rent growth. Showings are available by appointment only.
Located in Brooklyn near public transportation and everyday neighborhood amenities such as shopping, restaurants, and schools, the storefront and residences benefit from convenient access to surrounding activity.
The offering is presented as an investment opportunity, including for investors and potential owner-users, with an approximate 4.9% cap rate and stated potential for future rent growth. Showings are available by appointment only.
Key Highlights
- Mixed‑use building with 1 commercial storefront and 3 residential units, fully occupied with stable tenants
- Current gross rental income of $7,230/month ($86,760/year)
- Separate gas, electric, and hot water systems for all units
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.2k | $77.76 |
| − Vacancy | −$20.7k | −$9.25 |
| EGI | $153.5k | $68.51 |
| − OpEx | −$46.0k | −$20.55 |
| NOI | $107.4k | $47.95 |
2,240 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.79M
NOI $107,418 @ 7.0% cap · market cap 7.02%
Second Best
Mixed Use
$1.16M
$1.02M – $1.36M
NOI $81,312 @ 7.0% cap · market cap 5.31%
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,830 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rush Flyer Printing ...
(Bike/Boat/Book/etc) Store
Wild Posters
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully occupied mixed-use building with one commercial storefront and three residential units, supported by separate utilities.
Where is this mixed-use property located?
The property is located at 860 McDonald Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,530,000.
What are key features of this property?
This property features: Mixed‑use building with 1 commercial storefront and 3 residential units, fully occupied with stable tenants; Current gross rental income of $7,230/month ($86,760/year); Separate gas, electric, and hot water systems for all units
