Mixed-Use Building with
436 New Lots Ave, Brooklyn, NY 11207
For Sale
$1,390,000
A leased commercial space occupies the ground floor, with two vacant apartments above.
Property Size3,960 SF
Lot Size0.05 Acres
Price / SF$351.01
Days on Market10
Property Features for 436 New Lots Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Gross Income
Mixed-Use Components
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Chase Global Realty Corp
Listed By:
Sophia X. Yao · License NY #10311201216
(718) 355-8788
Source:
Searchhomesinlongisland
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 6:37AM
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 Chase Global Realty Corp
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Investment Insights
Based on property information with market context.
At 436 New Lots Ave in Brooklyn, this mixed-use property combines a ground-floor commercial unit and basement with two apartments on the second floor. The building contains 3,960 square feet and dates to 1920. The commercial space and basement are occupied by a nail salon, with approximately three years remaining on the lease. Both upper-floor apartments are vacant: the front unit has three bedrooms and one full bathroom, while the rear unit has two bedrooms and one full bathroom.
The property sits on a 20-by-101-foot lot, and the building measures approximately 20 by 50 feet. Zoning is R6/C1-3.
The property sits on a 20-by-101-foot lot, and the building measures approximately 20 by 50 feet. Zoning is R6/C1-3.
Key Highlights
- 3,960‑square‑foot mixed‑use property built in 1920
- Two vacant second‑floor apartments: a 3‑bedroom, 1‑bath front unit and a 2‑bedroom, 1‑bath rear unit
- Ground‑floor commercial space and basement occupied by a nail salon; approximately 3 years remain on the lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,895
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,417,900
$2.4M
Cap Rate 7%
$1,727,071
$1.7M
Cap Rate 9%
$1,343,278
$1.3M
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$224.3K $56.64/SF
− Vacancy
−$4.5K −$1.13/SF
EGI
$219.8K $55.51/SF
− OpEx
−$98.9K −$24.98/SF
NOI
$120.9K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,417,900
Cap Rate 7%
$1,727,071
Cap Rate 9%
$1,343,278
Alternative Uses
Best Use
Retail
$2.71M
$2.37M – $3.17M
NOI $189,900 @ 7.0% cap · market cap 13.66%
Second Best
Mixed Use
$2.05M
$1.80M – $2.40M
NOI $143,748 @ 7.0% cap · market cap 10.34%
Theoretical Best
Specialty Retail
$3.28M
$2.87M – $3.83M
NOI $229,522 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,339
Businesses Nearby
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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
$657,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased commercial space occupies the ground floor, with two vacant apartments above.
Where is this mixed-use property located?
The property is located at 436 New Lots Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 3,960‑square‑foot mixed‑use property built in 1920; Two vacant second‑floor apartments: a 3‑bedroom, 1‑bath front unit and a 2‑bedroom, 1‑bath rear unit; Ground‑floor commercial space and basement occupied by a nail salon; approximately 3 years remain on the lease
