421 New Lots Avenue, Brooklyn, NY 11207

$799,999 Commercial - 11207
280.11Price per SqFt
2856Building Sqft
2052Lot Sqft
Commercial Sale
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Angela Roseo

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About 421 New Lots, Brooklyn

Full brick 3 unit mixed use building located in the rapidly developing neighborhood of East New York. This building offers an affordable opportunity for a new or seasoned investor. Situated on a high-visibility street with strong foot traffic and easy access to public transportation, the property features a 2nd floor two bedroom apartment and a one bedroom apartment. 1st floor features over 1400 Sq feet retail space (Currently occupied by a thriving nail salon). Full unfinished basement can be used for storage and houses the building's utilities. The building offers stable income and significant upside potential in an area poised for continued growth and revitalization. Just minutes from the Gateway Center Mall, major highways, and several transit options, this property sits in a strategic location within one of Brooklyn's most active commercial corridors.

Facts & Features

Subtype Commercial
County Kings
Lot Size Sqft 2052
Tax Abated No
List Price per Sqft $280.11
Zoning R-6
Electric 220 Volts
Heating System Steam
Air Conditioner Units
Area East New York
Condition Good
Lot Dim 21x97
Taxes 3299
Year Built 1930
Building Sqft 2856
Siding Frame
Sewer City
Heating Source Oil
Listing Office: Century 21 Standard Real Estate