$2,036,000 SALE
Multi-Family
4,055 SF
355 New Lots Avenue
Brooklyn, NY 11207



Coldwell Banker Reliable Commercial Division is pleased to offer 355 New Lots Avenue, located in the East New York section of Brooklyn for sale. This 5 unit, 4,283 square foot, mixed-use property also features a laundromat business on the lower level. The 1st floor includes an owner-occupied laundromat with 2,028 square feet of retail space while the 2nd and 3rd floors feature 4-one bedroom apartments with a combined 2,255 square feet of residential space. Financial projections: $423,240 in gross revenue, $285,406 in expenses, a net income of $137,834 and a 6.77% cap rate.


Property Type Multi-Family
Year Built 1930
Level Number 3
Lot Dimensions 20.5 x 92.33
Max Continuous Area 4,055
Min Divisible Area 4,055
Sub-Lease 5
Zoning R6/ C1-3
Cap Rate Percentage 6.77
Listing ID 4WPDY9
MLS ID CBRC355
Additional MLS 431668
Style Multi Family - 2-4 Units
Building Size 4,055 SF
Lot Size 1893 SF
Available Date Jul 15th, 2019
Taxes $8,706
Area Description

Region: United States

Region: East New York

Region: Brooklyn

Region: New York

Property Features
Full Bath: 5
Location Name: East New York
Fee 1 Type: Est Insurance $ Yr
Fee 1 Frequency: Annual
Fee 1 Amount: $3,500
Fee 2 Type: Est Fuel $ Yr
Fee 2 Frequency: Annual
Fee 2 Amount: $4,800
Fee 3 Type: Est Water/Sewer
Fee 3 Frequency: Annual
Fee 3 Amount: $36,000
Exterior Description: Brick
Appliances: Refrigerator, Range / Oven
Cooling: A/C
Basement: Full
Heating - Fuel Type: Gas
General: Laundry Facilities
Area Description: Metropolitan
Road Type: City / Town Street
Flooring: Hardwood, Tile
Roof: Rubber
Financials
Gross Income: $137,834
Expenses: $285,406
Additional Media Area Demographics