2327 Mcdonald Ave Brooklyn, NY 11223

Property Details for 2327 Mcdonald Ave

Year built

1987

Lot size

0.15 lot acres

Property size

6,525 SF

Zone code

M1-1

Property type

Manufacturing properties

APN

07125-0053

APU

71250053

Description

This exceptional Brooklyn investment property, located at 2327 McDonald Avenue, offers a rare opportunity to acquire a 6,525 square foot warehouse situated on a 6,734 square foot lot. The property boasts a prime corner location with 108 feet of frontage on McDonald Avenue and 68 feet on Neck Road. Currently generating substantial income from three commercial tenants, the property includes an ironworks shop (2,400 sq ft, $3,600/month, month-to-month), a storage space (1,800 sq ft, $4,600/month, no lease), and a metal framing business (1,800 sq ft, $4,400/month, 2-year lease). Annual expenses include $5,000 for insurance and $700 for water and sewer. Heat is gas, paid by tenants. The building features 24-foot ceilings and three overhead doors. Significant upside potential exists with 6,000 square feet of available air rights. The asking price is $4,799,000, and owner financing is available for qualified buyers. This is a unique opportunity to acquire a well-located, income-producing warehouse with substantial future development potential in a thriving Brooklyn neighborhood. The property is a single-story building with one unit. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9732

Latitude

40.5955

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments