About 421 New Lots Avenue
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.
Features of 421 New Lots Avenue
| MLS® # | 2502649 |
|---|---|
| Price | $799,999 |
| Square Footage | 2,856 |
| Acres | 0.05 |
| Year Built | 1930 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 421 New Lots Avenue |
|---|---|
| Area | East New York |
| City | Brooklyn |
| County | Kings |
| State | NY |
| Zip Code | 11207 |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Steam, Oil |
|---|---|
| Fireplace | No |
Exterior
| Exterior | Frame |
|---|---|
| Construction | Frame |
Additional Information
| Date Listed | May 6th, 2025 |
|---|---|
| Days on Market | 8 |
| Zoning | R-6 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Standard Real Estate |
|---|