Mixed-Use Building with
For Sale
Contact for pricing
Pending
355 New Lots Avenue, Brooklyn, NY 11207
Five-unit mixed-use building features an owner-occupied laundromat on the lower level.
Property Size4,283 SF
Days on Market126
Property Features for 355 New Lots Avenue
General Information
Standard status
Pending
Size
4,283 SF
Property subtype
Mixed Use
Financials
Cap Rate
6.77%
Business Included
Yes
Additional Details
Multifamily Units
4
Building Details
Stories
3
Listing Agency:
Coldwell Banker Commercial Reliable Real Estate
(718) 646-6900
Listed By:
Richard DiPietro · License #New York
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 11 at 11:51AM
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 Coldwell Banker Commercial Reliable Real Estate
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.
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
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
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
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Frequently Asked Questions
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
