742 New Lots Avenue, East New York, NY 11207 - Photo 1

1/1

$740,000

Sold
Closed
Commercial

1/1

Property Description

Great opportunity To Acquire this Fully leased Mixed used building for sale in East New York. Total Sqft is 2440 and it is divided up into a retail store on the ground floor and a 4 bedroom/ 1 bathroom apt on the 2nd floor. This property is located across the street from the 2,3, and 4 subway stations and bus stop adjacent to the building. A Great Location With High Foot Traffic. A Strong Verified NOI $9885 which produces a desirable rate of return. Low Property Tax. Do Not Miss Out On This Great Investment Opportunity!

Full Property Details

Full Property Details for 742 New Lots Ave

General

Sold For: $740,000
Taxes: $3,984
Status: Closed
Type: Commercial
Source: Long_Island
MLS ID: L3456181
Added to Site: 1, 081 day(s) ago

Business

Business Type: Mixed

Location

County: Brooklyn
Township: Brooklyn
Cross Streets: Ashiford Street
Driving Directions: Google Map

Heating & Cooling

Heating Type: Natural Gas

Utilities

Sewer: Public Sewer

Structural Information

Detached/Attached: Detached
Entry Floor Number: 2
Stories/Levels: 2
Stories in Building: 2
Building Size: 2200
Square Feet: 2,440
Sq. Ft. Source: Other
Current Bldg. Use: Mixed Use
Year Built: 1930

Lot Features

Lot Size (Acres): 0.04
Lot Size (Sq. Ft.): 1,800
Lot Size Source: Other
Zoning: R5

Financial Considerations

Tax Amount: $3,984

Disclosures and Reports

Block: 4312
Lot Number: 3

Listed and Sold by Keller Williams Rlty Landmark

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Listing agent

— 742 New Lots Ave —

Keller Williams Rlty Landmark

718-475-2700

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Schools

Schools serving 742 New Lots Ave

School District:New York City Geographic School District 19

Name	Grades	Distance
Ps 202 Ernest S Jenkyns 982 Hegeman Avenue, Brooklyn, NY 11208	K-6	0.4 mi
Van Siclen Community Middle School 800 Van Siclen Avenue, Brooklyn, NY 11207	6-8	0.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 742 New Lots Ave

Date

Details

Price

Change

Source

7/17/2023

Sold

$740,000

-3.9%

MLS

2/02/2023

Listed

$770,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

742 New Lots Avenue, East New York, NY 11207 (MLS# L3456181) is a Commercial property that was sold at $740,000 on July 17, 2023. Want to learn more about 742 New Lots Avenue? Do you have questions about finding other Commercial real estate for sale in East New York? You can browse all East New York real estate or contact a Coldwell Banker agent to request more information.

742 New Lots Ave East New York, NY 11207