1117 MCDONALD Avenue, New York City, NY 11230
Listing Courtesy of Douglas Elliman Real Estate
$2,255,000
Potential Rebate: $33,825
Overview
<p>1117 McDonald Avenue, Brooklyn NY 11230</p> <p>PRIME LOCATION CORNER OF MCDONALD AVENUE & AVENUE I</p> <p>(MIDWOOD, BROOKLYN) GREAT INVESTMENT OPPORTUNITY</p> <p>OFFERED ON AN EXCLUSIVE BASIS an incredible opportunity to own a 3 story mixed-use income-generating property with Long Term Tenants, great rent roll and upside for increases. This 3 Story brick bldg. is built 20 ft x 100 ft with 20 feet of frontage on McDonald and 100 feet on Avenue I.</p> <p>This mixed use building is comprised of Three retail/commercial store fronts and two floor through residential apartments above.</p> <p>The building corners on McDonald and Avenue I. Very well trafficked area, wonderful exposure on two wide avenues and amazing light. Great transportation hub, wonderful business and residential area. with great foot traffic.</p> <p>Second Floor is a 3 bedroom 1.5 bath</p> <p>Third floor is a 2 bedroom 1 bath apt.</p> <p>The ground floor has three commercial/retail spaces with long-term tenants.</p> <p>Unit 1 corners on McDonald & Avenue I, which has a deli as a tenant.</p> <p>Unit 2 store is currently vacant (possible user/owner)</p> <p>Unit 3 has a local RE company as a tenant.</p> <p>All commercial units have use of the cellar (under there spaces) that spans the full depth of the bldg.</p> <p>The building has incredibly low taxes of $7744/year</p> <p>The lot size and bldg. size is 20" x 100'.</p> <p>EXCEPTIONAL INVESTMENT/USER OPPORTUNITY</p> <p>Inquire of exclusive agents for additional information</p>
Home Features
- •Central Air
- •In Unit
- •Smoke Free
Estimated Monthly Payment
$11,788 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$33,825
Monthly savings impact
$94/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS11031663
Price Analysis
Compare average listing prices and value metrics for 1117 MCDONALD Avenue against the surrounding Midwood market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
164.93% Higher
than the Midwood price average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Midwood.
Midwood
Overview of Midwood
Midwood is the quiet giant of Brooklyn. A sprawling, tree-lined neighborhood known for its suburban feel, high-quality schools, and diverse religious communities. For buyers seeking Midwood Brooklyn real estate, it offers large detached homes on leafy streets.
Living in Midwood is calm. It is a place of families, porches, and private driveways. As a central Brooklyn NYC neighborhood, it is a stable, upscale residential enclave.
Real Estate & Housing Market
The market for homes for sale in Midwood features large detached Victorians and Colonials, as well as luxury co-ops along Ocean Parkway.
It is expensive but offers more for the money than the brownstone belt. The housing stock is exceptionally well-maintained.
Lifestyle & Community
The lifestyle in Midwood is focused on home and family. Shopping is concentrated on Kings Highway and Avenue J, featuring diverse kosher restaurants and boutiques.
The community has a large Orthodox Jewish population, as well as many other diverse groups.
Transportation & Accessibility
Midwood is served by the Q and B trains (express) and the F train. The commute is reasonable (35-40 mins to Midtown).
Ocean Parkway is a major thoroughfare for drivers.
Parks, Schools & Amenities
Midwood is home to Brooklyn College nearby, and the tree-lined Ocean Parkway bike path is a major recreational asset.
Amenities: Di Fara Pizza (arguably the best in NYC) is located here, drawing pilgrims from all over the world.
Who This Neighborhood Is Best For
Midwood is best for large families, those seeking a suburban lifestyle within NYC, and pizza enthusiasts.
