559 New Lots Ave

For Sale

559 New Lots Ave, Brooklyn, NY 11207

This Brooklyn property for sale is located at 559 New Lots Ave. The general use of 559 New Lots Ave is mixed use and it incorporates 2,700 square feet of class D mixed use space. The current listed sale price for 559 New Lots Ave is $939,000. 559 New Lots Ave is situated on a lot that is 988 square feet in size.

Contacts

broker

Victor Weinberger

REMAX TEAM

CCS

(917) 806-7040

Property Details

  • Property Type Mixed Use
  • Property Size 2,700 SF
  • Units 2
  • Lot Size 988 SF
  • # of Floors 3
  • Average Floor Size 900 SF
  • Building Class D
  • Year Built 1910
  • Date Updated Jul 13, 2023
  • Construction Type Brick
  • Website youtu.be

For Sale: 559 New Lots Ave, Brooklyn, NY, 11207 (East New York)

 

Corner Van Siclen Avenue Mixed use 2 Family Brick with a store. 

 

Only 1 Block to the Livonia Ave/Van Siclen Avenue Stop. 

 

Property video: https://youtu.be/BxFcbm0sF08

 

 

Plenty of potential to increase the value of the building and increase its cash flow. Building has No Leases. Projected Net Rent: $50,000  per year. Ideal  User/Investor opportunity.

 

 

Income ($42,000 Net excluding 1 vacancy.) Market rent for Vacant is $2,500 per month)

 

Priced to sell at $939,000

 

Low taxes: $4,334 (tax Class 1)

 

 

 

 

1st floor: 900 SF store with full Basement.

 

2nd Floor: 3 Bedroom apartment (900 SF) 

 

3rd Floor:  3 Bedroom apartment (900 SF)

 

 

 

Note: - The 2nd Floor  Apartment is vacant and the Kitchen & Bath has been removed and you will need to put in kitchen and bath.

 

 

Building needs some TLC

 

Updated roof and windows.
 
 
Call Exclusive brokers for more information and/or Appointment
 
Victor Weinberger 917-806-7040 or
 
Eduin De Los Santos 516-581-9007

 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 82/100

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  • 100/100

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  • 76/100

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Location

  • City Brooklyn, NY
  • Neighborhood East New York
  • Zip Code 11207
  • Market Brooklyn

Points of Interest

  • Van Siclen Avenue

    0.11 miles

  • New Lots Avenue

    0.27 miles

  • Pennsylvania Avenue

    0.35 miles

  • Van Siclen Avenue

    0.60 miles

  • Livonia Avenue

    0.66 miles

  • New Lots Avenue

    0.70 miles

  • Junius Street

    0.76 miles

  • Shepherd Avenue

    0.78 miles

  • Sutter Avenue

    0.82 miles

  • Liberty Avenue

    0.83 miles

  • Allegiance

    1.05 miles

  • BP

    1.06 miles

  • BP

    1.14 miles

  • BP

    1.38 miles

  • BP

    1.44 miles

  • Getty

    1.59 miles

  • BP

    1.70 miles

  • Gulf

    1.95 miles

  • Speedway

    2.01 miles

  • Hess

    2.11 miles

  • Havens Place Lot

    1.19 miles

  • Canarsie Pier

    2.47 miles

  • Stop & Shop Parking

    2.59 miles

  • Kings County Parking Garage

    2.82 miles

  • JFK Long Term Parking Area C

    3.12 miles

  • MMP Parking LLC

    3.19 miles

  • Pathmark

    3.22 miles

  • JFK Long Term Parking Area B

    3.31 miles

  • JFK Long Term Parking Area A

    3.31 miles

  • JFK Airport Employee Parking

    3.46 miles

  • Lexington Inn - Brooklyn NY

    1.14 miles

  • Surface Inn

    1.16 miles

  • hull

    1.46 miles

  • Neptune Hotel

    2.30 miles

  • Travelodge

    2.35 miles

  • Red Carpet Inn

    2.35 miles

  • casa reservada para vacaciones

    2.41 miles

  • CrossBay Motor Inn

    2.43 miles

  • Surfside Motel

    2.84 miles

  • Best Western

    3.33 miles

  • Associated Supermarket

    1.08 miles

  • Raymour & Flanigan

    1.10 miles

  • Burlington

    1.10 miles

  • JCPenney

    1.11 miles

  • TJ Maxx

    1.11 miles

  • Key Food

    1.11 miles

  • Bravo

    1.12 miles

  • ALDI

    1.15 miles

  • Marshalls

    1.19 miles

  • ShopRite

    1.20 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Victor Weinberger

REMAX TEAM

CCS

(917) 806-7040