445 New Lots Avenue, Brooklyn, NY 11207

For Sale

$1,300,000 USD
  • 6 Beds
  • 6 Baths
  • 3,960 Sqft
  • Single family
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Property Summary for 445 New Lots Avenue Español?

Property Type
Single family
MLS Number
Year Built
Date Added
13 January 2020
750.17 USD
East New York
School District

Description for 445 New Lots Avenue

"This is the new wave!!! Welcome to 445 New Lots Avenue, a sprawling, 5 unit mixed use building in historic East New York. This property is overflowing with opportunity: situated in an up-and-coming neighborhood with great potential, a little tender love and care could turn this space into a dream investment. So, visit with your architect and contractor in tow! A central location between the Pennsylvania Avenue and New Lots Avenue 3 train stations provides an easy commute into the city. Or,  enjoy the local charms of a neighborhood that is rapidly growing. Right across the street stands a strip mall with a furniture store, laundromat, and Western Beef meat market located on the next corner. What’s more, the Gateway Center mall is less than a 10 minute drive from the property! The building stands tall with 22 x 66, 3960 square feet dimensions, with both residential and commercial space ready to be revitalized. Towering windows overlook the main neighborhood artery of New Lots Avenue, and back windows only increase the charm of a building easy on the eyes. Inside the residence, 5 units with an average size of 520 square feet can be arranged to meet your needs.. 2 1-bedroom units are situated on the 2nd floor, with 2 more on the 3rd. The commercial space at the ground level and basement recalls the neighborhood’s strong roots in faith and community. This space can be reworked to your satisfaction. The roof and boiler have already been replaced, and some upgrades have been made to the electricity. With an endless array of restaurants, parks, and social spaces a short jaunt from the building, this is the perfect place start a new investment or live and work opportunity. This building offers a once in a lifetime chance to get in at the ground floor of a blossoming community for an affordable price. "
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Features for 445 New Lots Avenue

Building Features
  • Units: 6
  • Floors: 3
  • Pre War
Lot Features
  • Garden
Listing provided by Corcoran Sunshine on 01/15/2020

Demographics in 11207top


Total population 92,580
Male population 41,275
Female population 51,305
Median age 34.00


Total households 32,625
Average people per household 2.77


Total housing units 36,481
Owner occupied 8,073
Renter occupied 24,552
Median year built 1954


Median household income 35,809
Average household income 52,124

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Demographic data shown in this section was gathered from the 2017 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.
Cornelia Thomas

Cornelia Thomas

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