New York City · Commercial sale
Avenue I 1080 Realty Co buys 1080 McDonald Avenue in Brooklyn for $40.6 million
A retail building at 1080 McDonald Avenue, Brooklyn sold for $40,600,000 on July 13, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $40,600,000
- Sold
- July 13, 2026
- Property type
- Retail building
- Building area
- 130,404 sq ft
- Price per sq ft
- $311
- Year built
- 1965
A retail building at 1080 McDonald Avenue in Brooklyn sold for $40,600,000 on July 13, 2026, nearly three times its $13,830,000 market value on record, according to the New York City Department of Finance's ACRIS property records.
Avenue I 1080 Realty Co. LLC bought the property from McDonald Center, L.L.C. At 130,404 square feet, the price works out to $311 per square foot.
The building was constructed in 1965 and sits on a 1.78-acre lot, according to the NYC Department of Finance's records.
What this sale costs to close
What does closing cost at this price? Under New York City custom the seller's larger charges are $1,065,750 for the nYC real property transfer tax (commercial/other) and $162,400 for the nY State real estate transfer tax. The seller's estimated net is $38,622,484 before brokerage commissions and any loan payoff. A cash buyer would need about $41,369,944 at closing.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026071600665001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
