355 New Lots Avenue Brooklyn, NY 11207

Listing agency Coldwell Banker Commercial Reliable Real Estate a***@verizon.net Show Phone

Listed by Richard DiPietro · License #New York

Source Crexi

Added: Apr 10 Updated: Jul 21 at 5:58AM Checked: Jul 21 at 5:58AM

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Investment Insights

Based on property information with market context.

This mixed-use property at 355 New Lots Avenue offers five units in a combined 4,283 square feet, with retail space and residential apartments. The lower level includes a laundromat business with an owner-occupied layout and 2,028 square feet of retail space on the 1st floor. The second and third floors total 4 one-bedroom apartments with a combined 2,255 square feet of residential space.

The property is located in the East New York section of Brooklyn. It presents a built-in combination of ground-floor retail operations and income-producing residential units within the same asset.

Financial projections provided include $423,240 in gross revenue, $285,406 in expenses, and an estimated net income of $137,834, reflecting a 6.77% cap rate.

Key Highlights

• 5‑unit mixed‑use building with 4,283 SF total and an owner‑occupied laundromat on the lower level
• 1st‑floor laundromat includes 2,028 SF of retail space
• 2nd and 3rd floors feature 4 one‑bedroom apartments totaling 2,255 SF of residential space

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FAQs

What type of property is this?

Mixed-use property - Five-unit mixed-use building features an owner-occupied laundromat on the lower level.

Where is this mixed-use property located?

The property is located at 355 New Lots Avenue Brooklyn, NY.

What are key features of this property?

This property features: 5‑unit mixed‑use building with 4,283 SF total and an owner‑occupied laundromat on the lower level; 1st‑floor laundromat includes 2,028 SF of retail space; 2nd and 3rd floors feature 4 one‑bedroom apartments totaling 2,255 SF of residential space