SOLD FOR $1,410,000
· Sold at asking price · Closed December 2, 2021
$1,410,000
430 MCDONALD Avenue #NA
MLS® #RLS10742660
Listing by Douglas Elliman Real Estate
8
Bedrooms
6
Baths
N/A
Sq. Ft.
N/A
Year Built
Sale Details
Property Summary
Description
Great investment opportunity -- potential 6% + Cap Rate. Can be delivered vacant!Welcome to 430 McDonald Avenue: A renovated, semi-detached, four-unit building (two 2-families) on one of Kensington's most popular avenues. With an existing rent roll and relatively low operating expenses, this opportunity is perfect for stable income and future upside in an appreciating area close to transportation and Prospect Park. It features a total of eight bedrooms and six bathrooms over 2,320 SF. Additionally the Certificate of Occupancy specifies this as two 2-family buildings, meaning that short-term rental use (AirBnB, VRBO, etc.) would be allowed per the NYC Multiple Dwelling Law, which would up the gross rent from $102k to over $175k, per local short-term rental management companies. Call or email today for showings. 24 hour advanced notice needed. Set up sheet available on request.
Property Details
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Listing courtesy of McKinley Jones at Douglas Elliman Real Estate. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.