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For sale
  • Price increase: $550K (7/24)
    $1,800,000

    1023 McDonald Avenue, Brooklyn, NY 11230

    5beds
    1,873sqft
    Loading
    Triplex, Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $961/sqft
    $-- HOA

    What's special

    Well-maintained brick constructionOne commercial storefrontThree residential apartmentsWell-maintained mixed-use brick building
    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.
    2 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Houlihan Lawrence Inc. 914-328-8400,

    Olivia M. White 718-930-5653,

    Olivia M. White 718-930-5653,

    Houlihan Lawrence Inc.

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1029553MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Natural Gas
      Cooling
      • None
      Features
      • Granite Counters, High Ceilings, Marble Counters, Natural Woodwork, Original Details
      • Flooring: Ceramic Tile, Concrete, Hardwood, Tile
      • Windows: Aluminum Frames, Blinds, Double Pane Windows, Insulated Windows
      • Basement: See Remarks
      • Has fireplace: No
      Interior area
      • Total structure area: 1,873
      • Total interior livable area: 1,873 sqft

      Property

      Parking
      • Parking features: None
      Features
      • Patio & porch: Porch
      • Fencing: Back Yard,Fenced,Full
      • Has view: Yes
      • View description: None
      Lot
      • Size: 1,874 Square Feet
      Details
      • Parcel number: 054220004
      • Special conditions: None
      • Other equipment: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Triplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick
      Condition
      • Actual
      • Year built: 1920
      • Major remodel year: 1920

      Utilities & green energy

      • Gas: Separate Gas Meters: 4
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public, Water Available, Water Connected

      Community & HOA

      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $961/sqft
      • Tax assessed value: $323,550
      • Annual tax amount: $3,090
      • Date on market: 7/24/2026
      • Cumulative days on market: 3 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Contract
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/24/2026Price change$1,800,000+44%$961/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1029553 Report a problem
        9/5/2024Price change$1,250,000-8.7%$667/sqft
        Source: StreetEasy #1588482 Report a problem
        7/29/2024Listed for sale$1,369,000+6.2%$731/sqft
        Source: StreetEasy #1588482 Report a problem
        11/10/2023Listing removed--
        Source: StreetEasy Report a problem
        11/9/2022Price change$1,289,000-0.8%$688/sqft
        Source: BNYMLS #466526 Report a problem
        3/2/2022Listed for sale$1,299,000-6.5%$694/sqft
        Source: BNYMLS #459400 Report a problem
        10/1/2021Listing removed--
        Source: BNYMLS #448643 Report a problem
        4/22/2021Price change$1,390,000-7.3%$742/sqft
        Source: BNYMLS #448643 Report a problem
        2/25/2021Listed for sale$1,499,000+7.1%$800/sqft
        Source: BNYMLS #448643 Report a problem
        1/1/2021Listing removed--
        Source: BNYMLS Report a problem
        10/30/2020Price change$1,399,000-4.8%$747/sqft
        Source: Neuhaus Realty Inc. #444115 Report a problem
        9/29/2020Listed for sale$1,470,000+673.7%$785/sqft
        Source: Neuhaus Realty Inc. #444115 Report a problem
        1/4/2000Sold$190,000$101/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,964 +7.5%$269,550 -18.3%
        2024$9,273 $329,940 +20%
        2023-- $274,950 +20%
        2022-- $229,050 -15%
        2021-- $269,550 -8.4%
        2020$7,686 +8%$294,300 +18.7%
        2019$7,117 $247,950 +369.3%
        2018-- $52,832 +8%
        2017$6,222 -1.3%$48,920
        2016$6,302 $48,920 +3.2%
        2015$6,302 +66.2%$47,400 +8%
        2014$3,791 $43,890
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Kensington

        Getting around

        92 / 100
        Walker's Paradise
        67 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Ps 192 Magnet School-Math And Sci
        • Middle: Jhs 223 Montauk (The)
        • High: Franklin Delano Roosevelt High School

        Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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