$1,800,000

1023 McDonald Avenue, Brooklyn, NY 11230

  • 5 beds |
  • 3 baths |
  • 1,873 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon1,873sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $961/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

Excellent Investment Opportunity – Mixed-Use Building in Gravesend, Brooklyn Don't miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn. Situated in one of South Brooklyn's historic and established neighborhoods, this property benefits from excellent visibility and high foot traffic. It is conveniently located just a 5-minute walk to the F train, with easy access to local shopping, restaurants, and other commercial amenities. The property is also just minutes from Coney Island and major highways, providing a convenient commute to Manhattan and other parts of New York City. All three residential units are rented at market rates, with one apartment scheduled to be delivered vacant at closing, offering flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents. This investment offers strong income potential with low operating expenses. Each unit has its own separate gas and electric meters (4 gas meters and 4 electric meters total), allowing tenants to pay their own utilities. The property has been meticulously maintained, including an excellent-condition utility room and a roof protected by a 30-year metal roofing warranty. Property Highlights: Mixed-use building with 3 residential units and 1 commercial storefront M1-1 zoning Well-maintained brick construction Three market-rate residential rentals One unit delivered vacant at closing Four separate gas meters Four separate electric meters Tenants pay their own utilities Utility room in excellent condition Roof with 30-year metal protection warranty Prime Gravesend location near the F train, shopping, Coney Island, and major highways Highly motivated seller This is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location.

Listing Status:
Active
Data Last Updated:
August 11, 2026 at 12:23AM
Listing Office:
Houlihan Lawrence Inc. : 914-328-8400
MLS ID:
1029553
  • General: Granite CountersHigh CeilingsMarble CountersNatural WoodworkOriginal Details
  • Basement: See Remarks
  • Flooring: Ceramic TileConcreteHardwoodTile
  • A/C: None
  • Heating: Natural Gas
  • Style: Other
  • Other Structures: Porch
  • Parking: None
  • Windows: Aluminum FramesBlindsDouble Pane WindowsInsulated Windows
  • Originating MLS: onekey2
  • School District: Brooklyn 20
  • County: Kings (Brooklyn)
  • Zoning: 05422-0004
  • View: None
  • Fencing: Back YardFencedFull
  • Utilities: Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedTrash Collection PublicWater AvailableWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: onekey2

This listing courtesy of Houlihan Lawrence Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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