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    421 New Lots Ave Brooklyn, NY 11207

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    For Sale
    $799,000

    Mixed-use building with retail and residential units in Brooklyn.

    Lot size:
    0.05 Acres

    Property Features for 421 New Lots Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1930

    Source: Century 21 Standard Real Estat Agent Joseph Haskell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in East New York

    This full brick, three-unit mixed-use building is located in the rapidly developing neighborhood of East New York. The property features two one-bedroom apartments and a first floor with over 1400 square feet of retail space, currently occupied by a nail salon. A full, unfinished basement provides storage space and houses the building's utilities. Situated on a high-visibility street with strong foot traffic and easy access to public transportation, the property offers stable income and significant upside potential in an area poised for continued growth and revitalization. The building is just minutes from the Gateway Center Mall, major highways, and several transit options, placing it in a strategic location within one of Brooklyn's most active commercial corridors. This building offers an affordable opportunity for a new or seasoned investor.
    Insight Report Location Intelligence

    Current Use by Public Records

    New Creative Nail ... Nail Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.892008
    Latitude
    40.662537

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and residential units in Brooklyn.
    Where is this mixed-use property located?
    The property is located at 421 New Lots Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - High-visibility location in rapidly developing East New York with strong foot traffic.; - Mixed-use building with stable income from a thriving nail salon on the 1st floor (1400+ sq ft retail space).; - Two one-bedroom apartments provide additional income potential.
    (718) 317-0400
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    421 New Lots Ave Brooklyn, NY 11207
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    Brooklyn, NY 11207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 New Lots Ave Brooklyn, NY 11207
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