1901 Ave M Avenue Investment Opportunity: Prime Comer Mixed-Use Property 1901 Avenue M, Brooklyn, NY Asking Price: $4, 000, 000 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.