Mixed-Use Building For
For Sale
$1,200,000
Pending
603 New Lots Ave, Brooklyn, NY 11207
Mixed-use building with storefront and three residential units.
Property Size3,200 SF
Lot Size0.05 Acres
Days on Market313
Property Features for 603 New Lots Ave
General Information
Standard status
Pending
Size
3,200 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$4,653
Building Details
Building Size
3,200 SF
Stories
2
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Hugo Salazar · License #31SA1010105
(718) 532-2000
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 26
Last Checked: Oct 5 at 5:49PM
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 RE/MAX Real Estate Professiona
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,693
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,953,860
$2.0M
Cap Rate 7%
$1,395,614
$1.4M
Cap Rate 9%
$1,085,478
$1.1M
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$181.2K $56.64/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$177.6K $55.51/SF
− OpEx
−$79.9K −$24.98/SF
NOI
$97.7K $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%
$1,953,860
Cap Rate 7%
$1,395,614
Cap Rate 9%
$1,085,478
Alternative Uses
Best Use
Retail
$2.19M
$1.92M – $2.56M
NOI $153,455 @ 7.0% cap · market cap 12.79%
Second Best
Mixed Use
$1.66M
$1.45M – $1.94M
NOI $116,160 @ 7.0% cap · market cap 9.68%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,357
Businesses Nearby
228k
Monthly Visits Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask 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.
