1247 McDonald Avenue Brooklyn, NY $ 10,000,000
1247 McDonald Avenue
$ 10,000,000
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1247 McDonald Avenue

Brooklyn, NY, 11230
$ 10,000,000
Bedrooms-- Baths-- Sq 4,000

Monthly Estimate*

$ 63,141

1247 McDonald Avenue, Brooklyn, NY 11230 - Image 1
1247 McDonald Avenue, Brooklyn, NY 11230 - Image 2
1247 McDonald Avenue, Brooklyn, NY 11230 - Image 3

Commercial Property for sale in Brooklyn, NY

for $10,000,000. This 4,000 square foot building was built in 1930 on a lot size of 0.286961.

The McDonald Avenue corridor has seen significant redevelopment and investment with numerous properties selling for substantial multi-million dollar amounts. Recent major sales further demonstrate the increasing value of properties throughout the area, combined with limited supply of larger development sites and continued demand for residential, commercial, and community facility uses, these transaction reflect the ongoing strength and growth of the neighborhood. Don't miss this exceptional opportunity. Major zoning updates are hitting McDonald Avenue across the 11223 and 11230 zip codes in Brooklyn. The changes combine a massive new neighborhood-wide planning initiative with several high-profile individual property rezoning aimed at replacing low-density commercial space with transit-oriented residential housing such as multi-family housing, meaning apartments, townhomes, condominiums - built intentionally within a short distance of high capacity public transportation hubs.

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Commercial Active

Price

$ 10,000,000

Property Type

Commercial

Taxes

$ 41,222

Style

Commercial

Lot Size

0.286961

Year Built

1930

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

504786

Features
General
Equipment Included N/A
Utilities Water
Ceiling Height 20+ Foot
Roof Asphalt/Tar Flat
current use Other
Zoning M1-1
Electric 220 V
Stories Count 1
Property Type Commercial
Block 6524
Yearly Taxes 41222.00
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Semi-Detached
Status Active
Construction Materials Block Brick Other
Cumulative Days on Market 2
MLS Area Midwood
Sub Type Commercial
Year Built 1930
City Brooklyn
DOM 2
Public Remarks The McDonald Avenue corridor has seen significant redevelopment and investment with numerous properties selling for substantial multi-million dollar amounts. Recent major sales further demonstrate th
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Interior
Heating Fuel Other
Walls Block Masonry
Flooring Concrete
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Exterior
Exterior Brick
Foundation Poured Concrete
Parking Attrib 6+ Spaces Attached Garage Built-In Garage Parking Area
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Ditommaso Real Estate

Broker

(917) 808-1584

Phone

Affordability Calculator

$66,576
Per Month
95%
5%
0%
Monthly Principal & Interest
$63,141
Monthly Property Taxes
$3,435
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/24/2026$10,000,000 Listed Price

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1247 McDonald Avenue, Brooklyn, NY, 11230 is a Commercial Property for sale at $10,000,000 with 4,000 sqft and a lot size of 0.286961. 1247 McDonald Avenue was built in 1930. The property's zip code is 11230 which is in Brooklyn, NY