About This Home

This 0-bedroom, 0-bathroom single family at 1901 Avenue M in Brooklyn, NY is listed for $3,500,000 ($500 per sqft). Built in 1931, the home offers 7,000 sqft of living space on a 0.06 acres lot.

Key Features

  • Built in 1931
  • 0.06 acre lot
  • 3 stories

Property Details

3 stories
1931
Listing 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.

Monthly Cost Estimate

$18,719/mo

20% down · 6.5% · 30 years

Principal$2,531
Interest$15,167
Insurance$1,021

Estimates only. Actual payments may vary.

Location

1901 Avenue M

Brooklyn, NY 11230

Property Details

Construction

Brick

Questions & Answers

This 0-bedroom, 0-bathroom single family at 1901 Avenue M is listed at $3,500,000 ($500/sqft). The estimated monthly payment is $18,719 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1931, 0.06 acre lot, 3 stories.

This property is listed by Gus Ktistakis.

GK

Gus Ktistakis

Agent at Fillmore R.E - 2990 Avenue U

Listed by Fillmore R.E - 2990 Avenue U · Broker phone: (718) 368-2500

MLS# 500005· Source: Brooklyn New York Multiple Listing Service· 215 days on PropertySimple

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1901 Avenue M, Brooklyn, NY 11230

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