1901 Avenue M
Brooklyn, NY, 11230 $ 4,000,000
Bedrooms-- Baths-- Sq 7,000 Monthly Estimate*
$ 24,629
for $4,000,000. This 7,000 square foot building was built in 1931 on a lot size of 0.057782.
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.
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FeaturesInteriorHeating Fuel Gas
Flooring Other
Hot Water Gas Other
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GeneralRoof Other
Zoning R7A
Electric 220 V
Stories Count 3
Property Type Mixed Use
Block 6739
Yearly Taxes 56595.00
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Semi-Detached
Status Active
Construction Materials Brick
Cumulative Days on Market 0
MLS Area Midwood
Sub Type Mixed Use
Year Built 1931
City Brooklyn
DOM 0
# Families 4
Public Remarks 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-dema
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ExteriorExterior Brick
Foundation Poured Concrete Other
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Internal OnlyOriginating MLS Brooklyn New York MLS
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $24,629
- Monthly Property Taxes
- $4,716
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,778,577
Percent of Sale Price 56%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/26/2026 | $4,000,000 | | Listed Price |