1806 McDonald Avenue

Mixed use corner building for sale in the heart of Gravesend/Midwood. Great opportunity for investor to buy a mixed use property with 2 stores and 2 apartments, parking for 1 car. 1st floor has a restaurant and barber shop, 2nd and 3rd floors have apartments for rent 4 bedroom each. Prime location, semi attached building close to trains, shopping and stores. Rents: 4 bedroom apartment on the 2nd floor $2,150 mth; 3rd floor apartment 4 bedroom $2,440 mth; restaurant $5,865 month; barber shop $1,810 mth. The restaurant has a lease for the next 1.5 years, barber shop has a lease for the next 1 year, apartments have 1 year leases that finish in March and September accordingly, back yard parking spots can be rented for $400 per month. Taxes: $24,748 per year. Total income for a year: $147,180. The building expenses for heat, water, insurance, etc. are $38K-41K per year. Lot 20x80, Building 20x60. Don't miss!