Property Listing No Longer Available for Sale

355 New Lots Avenue, Brooklyn, NY

Multi-Use for Sale - $2,036,000 - 4,055 Sq. Ft. on 0.04 acres


Property Info

CIMLS#1052222
Location
  355 New Lots Avenue
  Brooklyn NY 11207
UpdatedAugust 20th, 2019
TypeMulti-Use
Price$2,036,000
Building4,055 Sq. Ft.
Land0.04 acres

Property Description

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.


Financials



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