421 New Lots Avenue Brooklyn, NY $ 799,000
421 New Lots Avenue
$ 799,000
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421 New Lots Avenue

Brooklyn, NY, 11207
$ 799,000
Bedrooms-- Baths-- Sq 2,856

Monthly Estimate*

$ 4,985

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Commercial Property for sale in Brooklyn, NY

for $799,000. This 2,856 square foot building was built in 1930 on a lot size of 0.047107.

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 2 one bedroom apartments. 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.

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Commercial Pending

Price

$ 799,000

Property Type

Commercial

Taxes

$ 3,600

Style

Mixed Use

Lot Size

0.047107

Year Built

1930

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

492601

Features
Interior
Heating Fuel Oil
Flooring Carpeting Hardwood Tile
Hot Water Hot Water Coil in Boiler
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General
Roof Flat
Zoning R-6
Electric 220 V
Property Type Mixed Use
Block 3841
Yearly Taxes 3600.00
Transaction Type Sale
Financing Bank Mortgage Cash
Building Type Attached
Status Pending
Construction Materials Wood Frame
Cumulative Days on Market 75
MLS Area East New York
Sub Type Mixed Use
Year Built 1930
City Brooklyn
DOM 75
# Families 2
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
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Exterior
Exterior Brick
Lot Dimensions 21x97
Foundation Poured Concrete
Parking Attrib Other
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Century 21 Standard Real Estat

Broker

(718) 317-0400

Phone

Affordability Calculator

$5,285
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,985
Monthly Property Taxes
$300
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/9/2025$799,000 Listed Price

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421 New Lots Avenue, Brooklyn, NY, 11207 is a Commercial Property for sale at $799,000 with 2,856 sqft and a lot size of 0.047107. 421 New Lots Avenue was built in 1930. The property's zip code is 11207 which is in Brooklyn, NY