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    2196 Mcdonald Ave Brooklyn, NY 11223

    For Sale
    $2,500,000

    Two-building package, excellent location.

    Property size:
    5,063 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents two multifamily buildings located at 2196-2194 McDonald Avenue in Brooklyn, New York, 11223. Offered at $2,500,000, this package deal comprises two buildings totaling 5,063 square feet. The first building, situated on a 45 x 75 foot lot, is a three-family home featuring a 3-over-3 layout with four bedrooms. The second building offers a 2-bedroom over 2-bedroom configuration. Both buildings are classified as Class B properties. The property's convenient location offers easy access to Avenue U, the F train, and the B3 bus route, making it attractive to tenants. This property presents a compelling investment opportunity for owner-occupants, investors seeking rental income, or developers envisioning future potential. The absence of a provided capitalization rate does not reflect the potential return on investment, which should be independently assessed. This is a rare chance to acquire a well-positioned multifamily portfolio in a thriving Brooklyn neighborhood. Serious inquiries are encouraged to schedule a viewing and explore the possibilities.

    Property Features for 2196 Mcdonald Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,063 SF
    Class
    B

    Building Details

    Buildings
    2
    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 Clothing Store Nail Salon 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
    -73.9732517
    Latitude
    40.5987564

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    FAQs

    What type of property is this?
    Multifamily property - Two-building package, excellent location.
    Where is this multifamily property located?
    The property is located at 2196 Mcdonald Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    Request Owner's contact information
    2196 Mcdonald Ave Brooklyn, NY 11223
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    Brooklyn, NY 11223
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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
    2196 Mcdonald Ave Brooklyn, NY 11223
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