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About This Home
This 0-bedroom, 0-bathroom single family at 1901 Avenue M in Brooklyn, NY is listed for $4,000,000 ($571 per sqft). Built in 1931, the home offers 7,000 sqft of living space on a 0.06 acres lot.
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.
Key Features
- Built in 1931
- 0.06 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$21,393/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1901 Avenue M
Brooklyn, NY 11230
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom single family at 1901 Avenue M is listed at $4,000,000 ($571/sqft). The estimated monthly payment is $17,333 based on 20% down at 6.5% interest.
Key features include: Built in 1931, 0.06 acre lot, 3 stories.
This property is listed by Gus Ktistakis and can be reached at (718) 368-2500 or gusktistakis@bhhsfillmore.com.
