NOT LISTED FOR SALE

1937 McDonald Ave Brooklyn, NY 11223

Gravesend Neighborhood
-- Bed
-- Bath
3,740 Sq Ft
1,700 Sq Ft Lot

Last Sold January 30, 2020

Last sale price $975,000 $261 Per Sq Ft

Highlights

  • Heating System Uses Steam
  • P.S. 215 Morris H Weiss Rated A-
  • 3-minute walk to Kings Highway (F Line)

About This Home

As of January 2020

Golden opportunity to own a Mixed use property, 1 store + 2 family in Gravesend! Very good business potential location, potential income of $4,650/ month. Great investment property. This property is 17x55 building on 17x100 lot. R5 Zoning. The property is in good condition ("as is"), 3 stories with a full, semi-finished basement currently used for computer repair. Fairly new heating hot water systems. This highly convenient and desirable location is near public transportation (N, Q, W Train, B4, B82 buses), shopping, restaurant, library, as well as nearby schools. Walking distance to Kings Highway. Work with a highly cooperative listing agent to sell a property that is highly accessible.

Last Agent to Sell the Property

Gail Staiti

RE/MAX Edge License #40ST0824277 Listed on: 01/14/2019

RE/MAX Edge

Last Buyer's Agent

Gail Staiti

RE/MAX Edge License #40ST0824277 Listed on: 01/14/2019

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,300

Year Built

  • Built in 1910

Lot Details

  • 1,700 Sq Ft Lot
  • Lot Dimensions are 100 x 17
  • Property is zoned R5

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,740 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6658

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,300
  • Insurance Expense $3,700
  • Utility Expense $400
  • Gross Income $48,600
  • Net Operating Income $28,400

Property Details

Property Type

Other

Est. Annual Taxes

$6,300

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished, Other
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 935
  • Building Length: 55.00
  • Building Width: 17.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: Kings Hwy
  • Cross Street Name2: Quentin Road
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3740
  • Building Stories: 3
  • Street Name I D X: Mcdonald
  • Street Number I D X: 1937
  • Year Built: 1910
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Other
  • Lot Sq Ft: 1700

Exterior Features

  • Yard: None
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick, Other
  • Foundation Details: Poured Concrete
  • Lot Number: 73
  • Roof: Flat

Utilities

  • Electric: Other
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2300.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 17
  • Zoning: R5

Rental Info

  • Rent Income: 51600

Multi Family

  • Annual Gross Expense: 20200.00
  • Annual Gross Income: 48600
  • Insurance Expense: 3700.00
  • Miscellaneous Expense: 4000.00
  • Property Net Operating Income: 28400.00
  • Unit Count: 3
  • Annual Utility Expenses: 400.00

Tax Info

  • Flip Tax Amount: 6300.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2019
Closed on
Jan 29, 2020
Sold by
Agrusa Antonino and Agrusa Antonio
Bought by
Agrusa Realty Holdings Llc and Russo Realty Holdings Llc
Seller's Agent
Gail Staiti
RE/MAX Edge
Buyer's Agent
Gail Staiti
RE/MAX Edge
Sold Price
$975,000

Purchase Details

Closed on
Apr 12, 2005
Sold by
Afflitto Vincent
Bought by
Agrusa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Agrusa Realty Holdings Llc -- --
Agrusa $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Agrusa $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2020 01/30/20 Sold $975,000 -- $261 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,168 $162,120 $25,500 $136,620
2024 $7,168 $142,860 $25,500 $117,360
2023 $7,247 $126,240 $25,500 $100,740
2022 $7,052 $99,120 $25,500 $73,620
2021 $7,020 $84,840 $25,500 $59,340
2020 $3,292 $53,700 $25,500 $28,200
2019 $6,221 $46,680 $25,500 $21,180
2018 $6,062 $29,738 $15,118 $14,620
2017 $6,001 $29,438 $16,040 $13,398
2016 $5,557 $27,796 $15,362 $12,434
2015 $3,350 $26,224 $15,609 $10,615
2014 $3,350 $24,782 $15,133 $9,649
Source: Public Records

Agents Affiliated with this Home

  • Gail Staiti

    Seller's Agent in 2020

    Gail Staiti

    RE/MAX Edge

    1 in this area

    9 Total Sales

    Gail Staiti
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 426457

Brooklyn Board of REALTORS®

APN: 06658-0073

New York Kings County Brooklyn 11223 Gravesend

1937 McDonald Ave, Brooklyn, NY

This home is located at 1937 McDonald Ave, Brooklyn, NY 11223 since 14 January 2019. This property was built in 1910. 1937 McDonald Ave is a home located in Kings County with nearby schools including P.S. 215 Morris H Weiss, Is 228 David A Boody, and James Madison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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