1901 Avenue M Brooklyn NY 11230 MLS #500005

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.