Three-Story Mixed-Use
943 McDonald Avenue Brooklyn, NY 11218
For Sale
$1,690,000
Three-story mixed-use property with two residential units and an on-site store on a 4-year lease.
Property Size3,120 SF
Price / SF$541.67
Days on Market155
Property Features for 943 McDonald Avenue
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1933
Listing Agency:
Real Estate Top Sales LLC
(917) 388-5221
Listed By:
Wenpin Tommy Zhu · License #wz5743
(917) 388-5221
Source:
Compass
Added: Feb 18
Changed: Jul 22
Last Checked: Jul 23 at 11:14AM
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 Real Estate Top Sales LLC
Investment Insights
Based on property information with market context.
This three-story mixed-use property is configured with two family residential space along with a ground-floor store. The store is under a 4-year lease, with the tenant responsible for their own utilities and paying one-third of the real estate taxes.
The building is located at 943 McDonald Avenue in Brooklyn, at the corner of 18th Avenue and McDonald Avenue, in a commercially active area.
For investors seeking income-producing mixed-use space, the combination of leased retail and two-family residential layout provides an integrated setup within a single property.
The building is located at 943 McDonald Avenue in Brooklyn, at the corner of 18th Avenue and McDonald Avenue, in a commercially active area.
For investors seeking income-producing mixed-use space, the combination of leased retail and two-family residential layout provides an integrated setup within a single property.
Key Highlights
- 3‑story mixed‑use property with 2 residential units and an on‑site store
- Store is on a 4‑year lease; tenant pays their own utility and 1/3 real estate tax
- Brick construction with brick exterior
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 | $242.6k | $77.76 |
| − Vacancy | −$28.9k | −$9.25 |
| EGI | $213.7k | $68.51 |
| − OpEx | −$64.1k | −$20.55 |
| NOI | $149.6k | $47.95 |
3,120 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.14M
$1.87M – $2.49M
NOI $149,618 @ 7.0% cap · market cap 8.85%
Second Best
Mixed Use
$1.62M
$1.42M – $1.89M
NOI $113,256 @ 7.0% cap · market cap 6.70%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chapimex Deli
Restaurant
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use property with two residential units and an on-site store on a 4-year lease.
Where is this mixed-use property located?
The property is located at 943 McDonald Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 3‑story mixed‑use property with 2 residential units and an on‑site store; Store is on a 4‑year lease; tenant pays their own utility and 1/3 real estate tax; Brick construction with brick exterior
