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1023 Mcdonald Avenue, 
Brooklyn, NY 11230

$1,800,000


5

Beds


3

Baths


1,873

Sq Ft


Multi-Family

Active

Listed by

Olivia M. White

Olivia M. White

Houlihan Lawrence Inc.

Last updated:

September 17, 2026, 11:06 AM

MLS#

1029553

Source:

OneKey MLS

About This Home

1023 Mcdonald Avenue

Excellent Investment Opportunity – Mixed-Use Building in Gravesend, Brooklyn Don't miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn. Situated in one of South Brooklyn's historic and established neighborhoods, this property benefits from excellent visibility and high foot traffic. It is conveniently located just a 5-minute walk to the F train, with easy access to local shopping, restaurants, and other commercial amenities. The property is also just minutes from Coney Island and major highways, providing a convenient commute to Manhattan and other parts of New York City. All three residential units are rented at market rates, with one apartment scheduled to be delivered vacant at closing, offering flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents. This investment offers strong income potential with low operating expenses. Each unit has its own separate gas and electric meters (4 gas meters and 4 electric meters total), allowing tenants to pay their own utilities. The property has been meticulously maintained, including an excellent-condition utility room and a roof protected by a 30-year metal roofing warranty. Property Highlights: Mixed-use building with 3 residential units and 1 commercial storefront M1-1 zoning Well-maintained brick construction Three market-rate residential rentals One unit delivered vacant at closing Four separate gas meters Four separate electric meters Tenants pay their own utilities Utility room in excellent condition Roof with 30-year metal protection warranty Prime Gravesend location near the F train, shopping, Coney Island, and major highways Highly motivated seller This is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1920

Price Summary

1,800,000

$961 per Sq. Ft.

MLS #:

1029553

Last Updated:

September 17, 2026, 11:06 AM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Building Area:

1,873 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

1,874


Finances & Disclosures

Finances

Price:

$1,800,000

Price per Sq. Ft:

$961 per Sq. Ft.

Source:OneKey MLS
Copyright 2026 OneKey MLS. All rights reserved. Listings courtesy of OneKey MLS as distributed by MLS GRID . OneKey MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. OneKey MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of OneKey MLS.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.