Marcus & Millichap has successfully sold 549 McDonald Avenue, a six unit apartment building located between Avenue C and Church Avenue in the Kensington neighborhood of Brooklyn, New York (Block: 5353, Lot: 60).

The subject property is built 23.67 feet wide by 69 feet deep and sits on a 23.67 foot by 125 foot lot. The property is approximately 4,940 gross square feet, and is zoned R5.

This building is ideally configured as entirely two bedroom apartments with an air-shaft in the middle. Additionally, two of the six units have been de-regulated with Division of Housing and Community Renewal and are currently free-market. Three of the remaining four units are being rented at preferential rents with riders in place, which allows a new investor to raise the income to the maximum legal rent once the current lease renewals expire.

• Large Six Unit Building In Kensington
• Property Built 23.67 Feet Wide and 70 Feet Deep
• 125 Feet Deep Lot Perfect for Backyard Conversion
• Two Free Market Apartments
• Huge Upside in Free Market and Rent Stabilized Units
• One Block from Church Avenue "F" and G" Trains
• Steps from B67 and B69 Bus