355 New Lots Avenue, Brooklyn, NY
Multi-family for Sale - $2,036,000 - 4,055 Sq. Ft. on 0.04 acres
Property Info
CIMLS# | 1052226 |
Location 355 New Lots Avenue Brooklyn NY 11207 | |
Updated | August 20th, 2019 |
Type | Multi-family |
Price | $2,036,000 |
Building | 4,055 Sq. Ft. |
Land | 0.04 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.