421 New Lots Ave Brooklyn, NY 11207
East New York NeighborhoodEstimated payment $4,675/month
Highlights
- Wood Flooring
- Heating System Uses Steam
- 5-minute walk to Pennsylvania Avenue
About This Home
Full brick 3 unit mixed use building located in the rapidly developing neighborhood of East New York. This building offers an affordable opportunity for a new or seasoned investor. Situated on a high-visibility street with strong foot traffic and easy access to public transportation. The property features 2 one bedroom apartments. 1st floor features over 1400 Sq feet retail space (Currently occupied by a thriving nail salon). Full unfinished basement can be used for storage and houses the building's utilities. The building offers stable income and significant upside potential in an area poised for continued growth and revitalization. Just minutes from the Gateway Center Mall, major highways, and several transit options, this property sits in a strategic location within one of Brooklyn's most active commercial corridors.
Property Details
Property Type
- Other
Est. Annual Taxes
- $3,600
Year Built
- Built in 1930
Lot Details
- 2,052 Sq Ft Lot
- Lot Dimensions are 21x97
- Property is zoned R-6
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Wood Frame Construction
Interior Spaces
- 2,856 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Tile
Utilities
- Heating System Uses Steam
- Heating System Uses Oil
- 220 Volts
Listing and Financial Details
- Tax Block 3841
Community Details
Overview
- 2 Units
Building Details
- Fuel Expense $12,000
- Insurance Expense $5,700
- Gross Income $96,000
- Net Operating Income $72,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,458 | $43,440 | $6,180 | $37,260 |
| 2024 | $3,458 | $42,600 | $6,180 | $36,420 |
| 2023 | $3,299 | $45,660 | $6,180 | $39,480 |
| 2022 | $3,208 | $43,800 | $6,180 | $37,620 |
| 2021 | $3,307 | $39,000 | $6,180 | $32,820 |
| 2020 | $3,307 | $30,120 | $6,180 | $23,940 |
| 2019 | $3,001 | $30,120 | $6,180 | $23,940 |
| 2018 | $2,759 | $13,536 | $3,335 | $10,201 |
| 2017 | $2,730 | $13,392 | $3,537 | $9,855 |
| 2016 | $2,618 | $13,094 | $4,150 | $8,944 |
| 2015 | $1,524 | $12,355 | $4,696 | $7,659 |
| 2014 | $1,524 | $11,956 | $5,449 | $6,507 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | Pending | -- | -- | -- |
| 05/09/2025 05/09/25 | For Sale | $799,000 | -- | $280 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 492601
APN: 03841-0040
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