NOT LISTED FOR SALE

1941 McDonald Ave Brooklyn, NY 11223

Gravesend Neighborhood
-- Bed
-- Bath
2,500 Sq Ft
1,700 Sq Ft Lot

Last Sold January 30, 2020

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

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

Lot Details

  • 1,700 Sq Ft Lot
  • Lot Dimensions are 17 x 17
  • Irregular Lot
  • 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
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • 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 $3,600
  • Utility Expense $400
  • Gross Income $48,600
  • Net Operating Income $28,852

Property Details

Property Type

Other

Est. Annual Taxes

$6,300

Lot Details

0

Listing Details

  • Basement Amenities: Full, Semi-Finished
  • 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 Air
  • 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
  • Street Name I D X: Mcdonald
  • Special Features: None

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: 71
  • Roof: Flat

Utilities

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

Fee Information

  • Annual Fuel Expense: 2300.00

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 17
  • Lot Size Width: 17
  • Zoning: R5

Rental Info

  • Rent Income: 55800

Multi Family

  • Annual Gross Expense: 19748.00
  • Annual Gross Income: 48600
  • Insurance Expense: 3600.00
  • Miscellaneous Expense: 3848.00
  • Property Net Operating Income: 28852.00
  • 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 Realty Holdings Llc
Bought by
1937 & 39 & 41 Realty Llc
Seller's Agent
Gail Staiti
RE/MAX Edge
Buyer's Agent
Gail Staiti
RE/MAX Edge
Sold Price
$975,000
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
1937 & 39 & 41 Realty Llc $2,925,000 --
Agrusa Realty Holdings Llc -- --
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 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 $8,167 $94,800 $14,520 $80,280
2024 $8,167 $88,260 $14,520 $73,740
2023 $7,791 $84,840 $14,520 $70,320
2022 $7,572 $78,240 $14,520 $63,720
2021 $7,960 $71,460 $14,520 $56,940
2020 $5,970 $48,720 $14,520 $34,200
2019 $7,088 $42,360 $14,520 $27,840
2018 $6,517 $31,968 $10,193 $21,775
2017 $6,443 $31,608 $10,804 $20,804
2016 $6,301 $31,518 $10,520 $20,998
2015 $3,596 $29,932 $11,318 $18,614
2014 $3,596 $28,238 $12,821 $15,417
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: 426460

Brooklyn Board of REALTORS®

APN: 06658-0071

New York Kings County Brooklyn 11223 Gravesend

1941 McDonald Ave, Brooklyn, NY

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