Duplex with Ground-Floor
For Sale
$1,150,000
334 New Lots Avenue, Brooklyn, NY 11207
MULTI_FAMILY - Other - Brooklyn, NY
Property Size3,300 SF
Lot Size0.04 Acres
Price / SF$348.48
Days on Market19
Property Features for 334 New Lots Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 2
Subdivision
East New York
Standard status
Active
Size
3,300 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2445
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Tar/Gravel
Architectural style
Other
Listing Agency:
TWELVE STONES REALTY
(973) 873-8444
Listed By:
Avraham Birnbaum
(973) 873-8444
Added: Jul 13
Changed: Jul 30
Last Checked: Jul 31 at 9:06PM
MLS# 11908946
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use duplex features ground-floor restaurant/commercial space with two residential apartments above, along with a full basement. The residential units are each three bedrooms and one bathroom. One residential unit is scheduled to be delivered vacant, offering immediate owner-user occupancy or an opportunity to lease after delivery.
The property is built with brick construction and has hardwood flooring. Heating is provided via baseboard systems with natural gas. The roof is described as tar/gravel. It is situated on a 20' x 81.33' lot and was built in 1930.
Zoned R6 and C1-3, the property is located at 334 New Lots Avenue in Brooklyn, NY 11207 and is positioned for visibility within a retail corridor, with convenient access to public transportation and major roadways.
The property is built with brick construction and has hardwood flooring. Heating is provided via baseboard systems with natural gas. The roof is described as tar/gravel. It is situated on a 20' x 81.33' lot and was built in 1930.
Zoned R6 and C1-3, the property is located at 334 New Lots Avenue in Brooklyn, NY 11207 and is positioned for visibility within a retail corridor, with convenient access to public transportation and major roadways.
Key Highlights
- 334 New Lots Avenue mixed‑use duplex with ground‑floor restaurant and two residential apartments
- One residential unit scheduled for delivery vacant, enabling immediate occupancy or leasing after delivery
- Two 3‑bedroom, 1‑bath apartments above the commercial space
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.9k | $56.64 |
| − Vacancy | −$3.7k | −$1.13 |
| EGI | $183.2k | $55.51 |
| − OpEx | −$82.4k | −$24.98 |
| NOI | $100.7k | $30.53 |
3,300 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 16.63%
Second Best
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 10.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,336
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Ground-floor restaurant space with two apartments above, including one scheduled to be delivered vacant, in R6 C1-3 zoning.
Where is this duplex located?
The property is located at 334 New Lots Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 334 New Lots Avenue mixed‑use duplex with ground‑floor restaurant and two residential apartments; One residential unit scheduled for delivery vacant, enabling immediate occupancy or leasing after delivery; Two 3‑bedroom, 1‑bath apartments above the commercial space
