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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

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.
More about this property
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