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    1625 Mcdonald Ave Brooklyn, NY 11230

    Sponsored
    For Sale
    $5,999,999

    Brooklyn Commercial Property: 7,226 SF

    Property size:
    7,226 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This newly constructed 7,226 square foot commercial property in Brooklyn's Midwood neighborhood is situated on a 5,382 square foot lot (45x117 feet). The building itself measures 45x113 feet. The first floor boasts 5,400 square feet of open space with a 20-foot high ceiling, perfect for a showroom, storefront, or office space. The second floor offers an additional 3,800 square feet, including multiple office spaces, two kitchens, a private shower, and a balcony. Six bathrooms and three roof-mounted central air conditioning/heating units ensure occupant comfort. A private driveway enhances accessibility. The adaptable layout suits various uses, including medical facilities, gyms, warehouses, or professional offices. The property benefits from a tax abatement, resulting in annual taxes of approximately $18,000. Asking price is $5,999,999. This unique building presents a compelling investment opportunity in a thriving Brooklyn location.

    Property Features for 1625 Mcdonald Ave

    General Information

    Property type
    Land
    Square Feet
    7,226 SF

    HighLights

    • $5,999,999 asking price.
    • 7,226 square foot retail and land property.
    • Located at 1625 McDonald Ave, Brooklyn, NY 11230.
    • 5,382 square foot lot.
    • Features a 5,400 SF first floor with 20‑foot ceilings and a 1,826 SF second floor with two kitchens, a private shower, and a balcony.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9734752
    Latitude
    40.6132816

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    FAQs

    What type of property is this?
    Land - Brooklyn Commercial Property: 7,226 SF
    Where is this land located?
    The property is located at 1625 Mcdonald Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $5,999,999.
    What are key features of this property?
    This property features: $5,999,999 asking price.; 7,226 square foot retail and land property.; Located at 1625 McDonald Ave, Brooklyn, NY 11230.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1625 Mcdonald Ave Brooklyn, NY 11230
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