1901 Avenue M, Brooklyn, NY, 11230

Address

1901 Avenue M, Brooklyn, NY

Listing Type

Mixed Use

Price

$ 3,500,000

Your Agent

Cary Raffle

Licensed Real Estate Associate Broker

Cell: 917-603-3813

Property Attributes

MLS#500005
TypeMixed Use
Listing Status Active
CountyKINGS
CityBrooklyn
AreaBrooklyn
NeighborhoodMidwood
Zip11230
StyleMixed Use
Year Built1931
Taxes$ 56595
Price$ 3,500,000
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Sqr Footage7000
Lot Size0.057782 Acres

Data Source:

Brooklyn MLS (BNYMLS)

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.

Price History
3/26/2026	Listed $4,000,000
6/4/2026	13$3,500,000

General Features

Net Operating Income	94725.00
Roof	Other
Zoning	R7A
Electric	220 V
Stories Count	3
Property Type	Mixed Use
Block	6739
Cap Rate	0.03
Lot Number	1
Yearly Taxes	56595.00
Transaction Type	Sale
Utility Expense	0.00
Gross Expense	378900.00
Financing	1031 Exchange,Bank Mortgage,Cash
Building Type	Semi-Detached
Gross Income	202440
Status	Active
Fuel Expense	0.00
Construction Materials	Brick
Cumulative Days on Market	174
MLS Area	Midwood
Sub Type	Mixed Use
Year Built	1931
City	Brooklyn
Borough	Brooklyn
Number Of Stores	4
DOM	174
Sale Type	Arm's Length
# 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

Interior Features

Heating Fuel	Gas
Flooring	Other
Hot Water	Gas,Other
Unit Count	8
Sq Ft Total	7000
Lavatories	4+
Basement Amenities	Full
Commercial Features Exterior	Other
Commercial Features Interior	Other

Exterior Features

Exterior	Brick
Yard	Other
Foundation	Poured Concrete,Other
Lot Sq Ft	2517
Loading Docks	None
Building Length	100.00
Building Width	25.00
Property Panorama YN	Yes
Lot Size Length	100
Lot Size Width	25