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Mixed-Use Building For Sale
For Sale
$1,200,000
Pending

603 New Lots Ave, Brooklyn, NY 11207

Mixed-use building with storefront and three residential units.

Property SizeContact for details
Lot Size0.05 Acres
Days on Market251

Property Features for 603 New Lots Ave

General Information

Standard status Pending
Lot size 0.05 Acres
Property subtype Other
Listing Agency: Remax Real Estate Professionals
Listed By: Hugo Salazar · License #31SA1010105
Source: Elliman
Added: Nov 27, 2025 Changed: Jul 6 Last Checked: Aug 4 at 10:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Real Estate Professionals

Investment Insights

Based on property information with market context.

This mixed-use property features a 3-family layout plus a street-level store. The brick building is currently vacant and will be delivered as such. The property is suitable for end-users, investors, and developers. It is located within easy reach of shopping centers, restaurants, public schools, and multiple transportation options, combining convenience with long-term growth potential.

Key Highlights

  • Vacant 3‑family building with storefront: Ideal for immediate occupancy or customized renovation.
  • Exceptional investment opportunity for end‑users, investors, and developers.
  • Prime location: Enjoy easy access to shopping centers, restaurants, and public schools.

Property Analytics

Current Use

New Lots Car ... Car Rental Facility

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,357
Businesses Nearby
228k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 61% Shops & Services 24% Groceries 13% Electronics 1%
McDonald's Dining
46,475 visits/mo 0.5 miles
Wendy's Dining
32,914 visits/mo 0.5 miles
Farm Country Supermarkets Groceries
20,457 visits/mo 0.2 miles
Dunkin' Donuts Dining
16,528 visits/mo 0.4 miles
Chase Bank Shops & Services
15,352 visits/mo 0.2 miles

Demographics for 11207, NY

100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY

$597 Feb
$597 Mar
Apr
May
$703 Jun
$709 Jul

Properties on Market for Mixed-use properties in Brooklyn

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building with storefront and three residential units.
Where is this mixed-use property located?
The property is located at 603 New Lots Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Vacant 3‑family building with storefront: Ideal for immediate occupancy or customized renovation.; Exceptional investment opportunity for end‑users, investors, and developers.; Prime location: Enjoy easy access to shopping centers, restaurants, and public schools.
More about this property
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