421 New Lots Avenue, Brooklyn, NY 11207 (MLS# 2502649)
Listing Courtesy of Century 21 Standard Real Estate
$799,999
Brooklyn, NY 11207
MLS# 2502649
2856 sqft
1 / 12
Property Description
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.
Details
Maps
AddressLegal
Street No.: 421
Street Name: New Lots
Street Suffix: Avenue
County: Kings
State: NY
Zip Code: 11207
Area Name: East New York
Parcel ID: 03841-0040
ContractLocation Information
Status: Active
Listing Date: 2025-05-06
List Price: $799,999
Current Price: $799,999
Sub-Type: Commercial
Zoning: R-6
Block: 03841
Lot: 0040
General Property Info
# of Buildings: 1
Stories: 2
Year Built: 1930
Year Built Info: Approx
Taxes: 3299
Tax Abated: No
Lot Size SqFt: 2052
Lot Dim: 21x97
Irregular: No
Building SqFt: 2856
Condition: Good
Air Conditioner: Units
# of Residential Units: 2
# of Commercial Units: 3
Public Remarks: 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.
Building Info
Building Available SqFt: 2856
Retail Available SqFt: 1432
Sprinklers: No
Property Features
Electric Meters: Individual
Expenses Include: Insurance; Taxes; Utilities
Gas Meters: Master
Use Restrictions: None
Heat Source: Oil
Heat System: Steam
Showing Instructions: Call Agent
Electric: 220
Features: Apartment; Mixed Use; Retail
Construction: Frame
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.