Marcus and Millichap has successfully sold 677-697 McDonald Avenue, between Cortelyou Road and Ditmas Avenue, a sizable assemblage of warehouse, office and retail properties with over 285 feet of frontage to the McDonald Avenue corridor (Block: 05385 Lots: 0087, 0084, 0075). All properties are zoned M1-1/OP. Furthermore, the property stands right across from the Ditmas Avenue "F" train.

The subject buildings currently measure 37,345 square feet. The zoning allows for retail, office, light manufacturing, entertainment and hospitality use. In addition, a conversion to a community facility use would allow for a total of 77,935 square feet of buildable air rights as-of-right.

The subject portfolio offers investors and developers the opportunity to purchase a strategically located assemblage with current income hedged across multiple tenants and significant future rent-growth potential. All leases expire by the end of 2016, allowing for near-term redevelopment.

The portfolio represents a unique opportunity to capitalize on the area's strong and steady growth in commercial rents. Retail rents along the McDonald Ave corridor are reaching over $30 per square feet.

• 285 Feet of Exposure to McDonald Avenue
• Situated Right Across from Ditmas Avenue "F" Train Entrance
• Current Below Market Rents and Vacancies Allow for Immediate Rent Growth
• All Short Term Leases Allowing for Near-Term Re-Development (All Leases Expire by the end of 2016)
• M1-1/OP Zoning. 77,935 Square Feet of Air Rights for Community Facility use
• Properties in Good Condition with no Deferred Maintenance
• High Ceilings Throughout