1208 Mcdonald Ave Brooklyn, NY 11230-3321
Entity Owned
19-yr Hold
~
Est. High Equity
Estimated value (blended)
$420k
Range $378k – $462k (±10%)
Property ID
US63-0787028
Property summary
AI-generated overview
This exceptional retail storefront at 1208 McDonald Avenue in Brooklyn, New York, presents a unique investment opportunity. The property boasts a substantial 5,000 square feet of retail space, ideally distributed across two floors. A significant advantage is the impressive 40-foot retail frontage, ensuring high visibility and attracting substantial foot traffic. The building is currently vacant, providing immediate occupancy for a new tenant or owner-operator. Furthermore, a private driveway offers convenient parking and loading capabilities, a rare amenity in this bustling Brooklyn location. The property's location in the 11230 zip code within Kings County provides easy access to major transportation routes and a vibrant community. This turnkey retail space is ready for immediate occupation and customization to suit a variety of retail businesses. The substantial square footage and prime location make this a highly desirable property for entrepreneurs and investors seeking a strong foothold in the Brooklyn market. The building's features, including the ample space, prominent frontage, and private driveway, combine to create a truly exceptional retail opportunity. Don't miss this chance to acquire a high-impact retail space in a thriving Brooklyn neighborhood.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1931
Total area
5,677 SF
Lot
0.09 ac (3,900 SF)
Zoning code
M1-2
APN
05464-0044
UPID
US63-0787028
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Home Appliance Store Hardware & Home Improvement
-
Home Appliance Store Hardware & Home Improvement
-
Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$420k
Owner & transaction history
since 2007
6 recorded transactions
Zoning & alternative use
M1-2 · Brooklyn, NY
Top alternative use upside
Industrial (general)
$3.2M
+30.7%
Office building
$3.1M
+26.8%
Warehouse, storage
$2.8M
+15.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 15 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$420k
Value range
$378k – $462k
±10% around blend
Estimated value / SF
$74 / SF
Confidence
High
15 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$378k
blend $420k
$462k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,677 SF
Lot area
0.09 ac
Year built
1931
Stories
2
APN
05464-0044
Assessed value
$471,150
Annual tax
$47,654
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.84M
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.7 mi away · 7,226 SF
0.9 mi away · 4,480 SF
1.1 mi away · 5,580 SF
1.3 mi away · 4,320 SF
1.6 mi away · 4,320 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$420k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 74 sales
$434
-83%
Submarket 3044 sales
$491
-85%
County 3044 sales
$491
-85%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $74/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+31%
vs current-use indication
Office Building
Warehouse, Storage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$471k
Move the market yield to see immediate price impact.
Value / SF
$83
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$30k
$594k
$424k
$330k
$33k
$660k
$471k
$366k
$36k
$726k
$518k
$403k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$2.26M
0.2 mi · Dec 2025 · $542/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$47,654
Tax year 2024
Assessed value
$471,150
Assessed 2024
Previous assessed
$447,300
+5.3% YoY
Effective rate
10.11%
On assessed value
Assessed land
$75,150
Assessed improvement
$396,000
Land market value
$167,000
Improvement market value
$880,000
Total market value
$1,047,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
5,677 SF
Lot
0.09 ac (3,900 SF)
Zoning code
M1-2
APN
05464-0044
UPID
US63-0787028
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Brooklyn, NYZoning M1-2 · permitted uses
M1-2 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-2
Jurisdiction
Brooklyn, NY
Recorded code
M1-2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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