$700,000
Brooklyn, NY 11207
MLS# 2502649
Status: Closed
2856 sqft
1 / 12
Property Description
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.
Details
Maps
Address/Legal
Section: N/A
Country: United States
Contract/Location Information
List Price/SqFt: 280.11
Sale/Lease: Sale
CofO: No
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 2
Taxes: 3299
Tax Abated: No
Lot Size SqFt: 2052
Year Built Info: Approx
Lot Dim: 21x97
Irregular: No
Air Conditioner: Units
Condition: Good
Garage Capacity: 0
# of Parking Spaces: 0
# of Residential Units: 2
# of Commercial Units: 3
# of Mfg Units: 0
# of Medical Units: 0
# of Non-Conform Units: 0
Public Remarks: 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.
Year Built: 1930
Building SqFt: 2856
Status Change Info
Projected Close Date: 2025-07-29
Pending Date: 2025-07-10
Sold Date: 2025-08-04
Sold Price: $700,000
Sewer
City: 1
Use Restrictions
None: 1
Electric
220: 1
Showing Instructions
Call Agent: 1
Heat Source
Oil: 1
Heat System
Steam: 1
Expenses Include
Insurance: 1
Taxes: 1
Utilities: 1
Electric Meters
Individual: 1
Gas Meters
Master: 1
Parking
On Street: 1
Income & Expense
Gross Income: 0
Features
Apartment: 1
Mixed Use: 1
Retail: 1
Building Info
Building Available SqFt: 2856
Retail Available SqFt: 1432
Sprinklers: No
Construction
Frame: 1
AddressLegal
Street No.: 421
Street Name: New Lots
Street Suffix: Avenue
County: Kings
State: NY
Zip Code: 11207
Area Name: East New York
Parcel ID: 03841-0040
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2025-05-06
Sold Price: $700,000
Current Price: $700,000
Sub-Type: Commercial
Zoning: R-6
Block: 03841
Lot: 0040
Property Features
Electric Meters: Individual
Expenses Include: Insurance; Taxes; Utilities
Gas Meters: Master
Use Restrictions: None
Heat Source: Oil
Heat System: Steam
Showing Instructions: Call Agent
Electric: 220
Features: Apartment; Mixed Use; Retail
Construction: Frame
Parking: On Street
Listing Courtesy of Century 21 Standard Real Estate
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.