NOT LISTED FOR SALE

1939 McDonald Ave Brooklyn, NY 11223

Gravesend Neighborhood

Estimated Value: $1,277,719

Studio
-- Bath
2,500 Sq Ft
$511/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $975,000 $390 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,158/month

Highlights

  • Hot Water Heating System
  • 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 1932

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

  • 2,500 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • 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 $48,000
  • Net Operating Income $28,100

Property Details

Property Type

Other

Est. Annual Taxes

$6,300

Year Built

Built in 1932

Lot Details

1,700 Sq Ft Lot

Listing Details

  • Basement Amenities: Full, Unfinished
  • Borough: Brooklyn
  • 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: 2500
  • Building Stories: 3
  • Street Name I D X: Mcdonald
  • Year Built: 1932
  • 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
  • Foundation Details: Poured Concrete
  • Lot Number: 72
  • 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: 74100

Multi Family

  • Annual Gross Expense: 1990.00
  • Annual Gross Income: 48000
  • Insurance Expense: 3700.00
  • Miscellaneous Expense: 3900.00
  • Property Net Operating Income: 28100.00
  • Unit Count: 3
  • Annual Utility Expenses: 400.00

Tax Info

  • Flip Tax Amount: 6300.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2020 01/30/20 Sold $975,000 -- $390 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $7,155 $117,840 $12,780 $105,060
2024 $7,155 $115,500 $12,780 $102,720
2023 $6,826 $103,020 $12,780 $90,240
2022 $6,641 $80,880 $12,780 $68,100
2021 $7,000 $71,460 $12,780 $58,680
2019 $6,210 $40,980 $12,780 $28,200
2018 $5,709 $28,008 $7,860 $20,148
2017 $5,651 $27,720 $8,339 $19,381
2016 $5,541 $27,720 $8,786 $18,934
2015 $3,154 $26,224 $9,974 $16,250
2014 $3,154 $24,740 $11,284 $13,456
Source: Public Records

Agents Affiliated with this Home

  • Gail Staiti

    Seller's Agent in 2020

    Gail Staiti

    RE/MAX Edge

    1 in this area

    8 Total Sales

    Gail Staiti
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 426458

Brooklyn Board of REALTORS®

APN: 06658-0072

New York Kings County Brooklyn 11223 Gravesend

1939 McDonald Ave, Brooklyn, NY

Not Listed for Sale

Other

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