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    Midwood Industrial Space For Sale Title is generated by Realmo AI

    1202 McDonald Avenue, Brooklyn, NY 11230

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    Prime industrial space in Midwood with versatile layout.

    Type:Retail, Industrial, Office
    Property size:
    1,300 SF
    Price / SF:
    $907/SF
    Added:
    Apr 17, 2024
    Days on Market:
    811
    Last Refresh:
    Jun 28 at 7:23 am

    Property Features for 1202 McDonald Avenue

    General Information

    Standard status
    Active
    Size
    1,300 SF
    Property subtype
    Retail, Industrial, Office

    We can help!

    Contact an agent
    Karen Ng Mok
    Karen Ng Mok

    Listing office Century 21 Service Realty

    Listing date Apr 17, 2024

    Source Crexi

    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 Century 21 Service Realty

    HighLights

    • Prime industrial space in Midwood.
    • Single‑story layout for seamless functionality.
    • Expansive interior suitable for various industrial uses.
    • Community driveway for enhanced accessibility.
    • Versatile canvas for manufacturing or distribution.
    • Convenient logistics for clients and suppliers.

    Overview

    This commercial property in Midwood offers a single-story layout suitable for various industrial uses, such as manufacturing or distribution. The property features an expansive interior and benefits from a community driveway, enhancing accessibility for clients and suppliers. The property has a size of 1300 square feet.

    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 $101.1k $77.76
    − Vacancy −$12.0k −$9.25
    EGI $89.1k $68.51
    − OpEx −$26.7k −$20.55
    NOI $62.3k $47.95
    1,300 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $890.6K
    $779.3K – $1.04M (±1% cap)
    NOI $62,341 @ 7.0% cap · market cap 5.28%
    Second Best
    Office B
    $463.3K
    $405.4K – $540.5K (±1% cap)
    NOI $32,432 @ 7.0% cap · market cap 2.75%
    Theoretical Best
    Specialty Retail
    $1.08M
    $941.9K – $1.26M (±1% cap)
    NOI $75,348 @ 7.0% cap · market cap 6.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Modern Flooring Design Carpet & Flooring Store Modern Wood Flooring General Contractor

    Suggested Use

    Real Estate Agency Law Firm Parking Lot & Garage Bar & Pub Spa & Massage Center Gym & Fitness Center Acupuncture Hotel & Motel Nursing Home Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Crustco Events — 1774 55th St, Brooklyn, NY 11204
    • Culinary Creations by Diamond — 1720 Coney Island Ave, Brooklyn, NY 11230
    • Bordeaux Catering — 1364 Coney Island Ave, Brooklyn, NY 11230
    • Soñadora delicias — 1495 E 10th St, Brooklyn, NY 11230
    • Bassoul's gourmet kitchen — 502 Avenue M, Brooklyn, NY 11230

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.976052
    Latitude
    40.622973

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    FAQs

    What type of property is this?
    Flex space - Prime industrial space in Midwood with versatile layout.
    Where is this flex space located?
    The property is located at 1202 McDonald Avenue Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,180,000.
    What are key features of this property?
    This property features: Prime industrial space in Midwood.; Single‑story layout for seamless functionality.; Expansive interior suitable for various industrial uses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Karen Ng Mok
    Karen Ng Mok
    Real Estate License ID: NY
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