1901 Avenue M, Brooklyn, NY 11230
1901 Avenue M, Brooklyn, NY 11230
1901 Avenue M, Brooklyn, NY 11230
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Randy Reis

Randy Reis

+1(917) 435-4870
$3,500,000
Est. payment /mo
7,000 SqFt
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UPDATED:

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $500

MLS Listing ID 500005

Year Built 1931

Annual Tax Amount $56,595

Property Sub-Type Mixed Use

Property Description

Investment Opportunity: Prime Comer Mixed-Use Property 1901 Avenue M, Brooklyn, NY Available for the first time in 50 years, this prime corner property offers significant upside potential in a high-demand Brooklyn location near shopping and public transportation. Property Breakdown - Residential (4 Units): Two 3-bedroom and two 1-bedroom units. Current monthly rents: $1,750, $1,220, $1,980, and$1,400. - Commercial ( 4 Tenants): Includes a corner pharmacy anchor ($7, 100/mo ), alteration store ($1,525/mo), retail store ($420/mo), and a locksmith (provides building maintenance in lieu of rent). Financial Summary - Total Monthly Income: $15,395 - Total Annual Income: $184,740 - Annual Expenses: $90,015 (Includes $56,550 Taxes, $14,965 Insurance, $6,500 Water/Sewer, and $12,000 Gas with a new boiler - Net Operating Income (NOi): $94,725 Investment Highlights - Excellent visibility on a prime corner. - Stable commercial tenants with a long-term pharmacy anchor. - Strong existing income with rents currently below market value. - Ideal for investors looking to maximize value through strategic rent increases.

Location

State NY

County Kings (brooklyn)

Area Midwood

Zoning R7A

Rooms

Basement Full

Interior

Interior Features Other

Hot Water Gas, Other

Heating Gas

Flooring Other

Heat Source Gas

Exterior

Exterior Feature Brick

Roof Type Other

Building

Story 3

Foundation Poured Concrete, Other

Others

Energy Description Gas

Financing 1031 Exchange,Bank Mortgage,Cash

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Listed by BHHS Fillmore R.E.

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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