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1023 Mcdonald Avenue

Brooklyn, NY 11230
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Bed 5

Bed

Bath 3

Bath

Acres0.04

Acre(Lot)

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 a re 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,800,000

AD Id : 88389247

MLS Id : 1029553

Beds : 5

Lot Size : 0.04 Acre

Year Built : 1920

County : Kings (Brooklyn)

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 3
  • Flooring Information

    Ceramic Tile, Concrete, Hardwood, Tile
  • Interior Features

    Granite Counters, High Ceilings, Natural Woodwork Window Features: Aluminum Frames, Blinds, Double Pane Windows, Insulated Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Cooling: None

  • Building Information

    Year Built: 1920 Building Area Total: 1873 Construction Materials: Brick Patio And Porch Features: Porch Private Pool: No View: None

  • Lot Information

    Lot Size Acres: 0.043 Lot Size Square Feet: 1874

  • Listing Price Information

    Listing Price: $1800000 Original Price: $1800000000

  • Tax Information

    Parcel Number: 05422-0004 Tax Lot: 4 Tax Block: 5422 Annual Tax: $3090.68

  • Parking Information

    No Garage, None

  • School Information

    Elementary School: Ps 192 Magnet School-Math And Sci
    Junior High School: Jhs 223 Montauk (The)
    Senior High School: Franklin Delano Roosevelt High School
  • Utility Information

    Natural Gas Available, Electricity Available, Electricity Connected, Natural Gas Connected, Water Available, Water Connected
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1922 Ocean Avenue, Brooklyn, NY, 11230 $2,250,000 -- 3.5 --
1773 Ocean Avenue, Brooklyn, NY, 11230 $1,290,000 -- -- 2,126 2,126 SqFt
1392 18th Street, Brooklyn, NY, 11230 $2,500,000 13 8.5 6,496 6,496 SqFt
1495 15th Street, Brooklyn, NY, 11230 $1,250,000 4 3 1,900 1,900 SqFt
1555 13th Street, Brooklyn, NY, 11230 $2,580,000 -- 7 --
1382 15th Street, Brooklyn, NY, 11230 $1,499,000 5 2.5 2,800 2,800 SqFt
1334 E 15th Street, Brooklyn, NY, 11230 $1,799,000 -- -- --
1334 15th Street, Brooklyn, NY, 11230 $1,799,000 7 2 2,160 2,160 SqFt
1820 Coney Island Avenue, Brooklyn, NY, 11230 $4,750,000 21 12 --
1096 Ocean Avenue, Brooklyn, NY, 11230 $2,580,000 -- 17 --

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 07/26/2026 @ 05:24

MLS: 1029553 LISTED BY: Olivia White, Houlihan Lawrence Inc. 914-328-8400 SOURCE: OneKey MLS

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