Just Sold!

920 McDonald Ave, Boro Park, NY 11218

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[Boro Park Real Estate, listing number 6457151]



Description: 6457151
   920 McDonald Ave....SOLD for $1mm on 5/5/15 (Listed on 12/17/14 for $849k). Calemine & Co. exclusively listed, marketed and sold this Boro Park Mixed-Use building needing a total gut renovation. As a direct result of our comprehensive and dynamic marketing plan, we had a bidding war and ultimately closed for $151k above the asking price! When we price our listings, we use tangible data from recent sales: For example, 858 McDonald Ave. (located on the same block), is a turn-key 3-Family mixed-use building, on a corner, with more square footage and more rental units then our listing, that sold for $915,000 on 1/3/14. The building next-door to that, at 860 McDonald, having one less apartment than our listing, was sold on 9/3/14 for $680k. 'Maybe there was money under the table' you might think... If so then why did the same exact building as ours, located less than 300' away at 964 McDonald, and listed for sale at $899k on 5/8/14, expire UNSOLD on 9/11/14? Of course none of these sellers were clients of Calemine & Co.! As you can surely see, hiring the wrong broker can be very costly to your bottom line, choose your Broker wisely... JUST LISTED! Mixed use, 2-family plus storefront & full basement (4 levels). Building sqft = 3,300 (20x55), lot sqft = 2,000 (19x103). M1-1 Zoning. 3br apartment over 3br apartment over storefront. New hot water heater and gas furnace. 2nd floor apartment and storefront needs complete gut renovation. Entire building will be delivered fully vacant.

Details:
   Property Type: OTHER
   Square Feet: 3300
   Lot Size: 20x100

Financials:
   Price: $1,000,000
   Taxes: $4,643

Louis Calemine

Calemine & Co Real Estate
Louis Calemine
Lic. Real Estate Broker
Office: 718-998-1100

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Calemine & Co Real Estate - 718-998-1100 - 625 Gravesend Neck Road, Brooklyn, NY 11223