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1247 Mcdonald Ave, Brooklyn, NYC

Home › Listings › Brooklyn › 1247 Mcdonald Ave

$10,000,000
Active 1 days on market
MLS# 505942

1247 Mcdonald Ave

📍 Brooklyn, Brooklyn, NY 11230

3,950
Sqft
$2,532
Per sqft
1930
Year built
Other
Type

About this property

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-p
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Key facts

0.29 acre lot
Built 1930

Property details

Property typeOther
Listing statusActive
Lot size12,500 sqft
Year built1930
Days on market1 days
MLS #505942

Estimated monthly payment

Listing price$10,000,000
Down payment (20%)$2,000,000
Loan amount$8,000,000
Principal & interest (7%, 30yr)$53,224/mo
Property tax (est.)$9,725/mo
Home insurance (est.)$4,166/mo
Estimated total$67,115/mo

Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.

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