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445 New Lots Ave., Brooklyn, NY 11207

$1,200,000
Active Listing
Listing Details:
$1,200,000 Price
Multi-Family Townhouse Property Type
East New York Neighborhood
6 Beds
5.5 Baths
3,960 Approx. Sq. Ft.
$860 RET
Key Features:
Prewar
Allows Pets
Unit Garden
Description:

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. Whats 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 neighborhoods 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.

Listing courtesy of Compass

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