355 New Lots Avenue

East New York

$2,250,000
Price
4
Beds
5
Baths
4,055 Sq. Ft.
$555 / Sq. Ft.
4,055
Sq. Ft.
$555
per Sq. Ft.

Description

Great Lucrative Investment Opportunity! MIXED-USE Laundry Business + 4 Residential Apartment Building in Brooklyn NY! This Mixed-Use solid brick building features four residential apartments on 2nd & 3rd floor and a well established laundromat business on the first floor, located in the dynamic and commercial hub of Brooklyn. Business Description Absentee Owner Management 29 Washers + 32 dryers Gross Revenue: $420,000/year Approximately 1800 Sqft Employees: 3 Building Size Basement: 20.50 x 55 First...Great Lucrative Investment Opportunity! MIXED-USE Laundry Business + 4 Residential Apartment Building in Brooklyn NY! This Mixed-Use solid brick building features four residential apartments on 2nd & 3rd floor and a well established laundromat business on the first floor, located in the dynamic and commercial hub of Brooklyn. Business Description Absentee Owner Management 29 Washers + 32 dryers Gross Revenue: $420,000/year Approximately 1800 Sqft Employees: 3 Building Size Basement: 20.50 x 55 First Floor (Laundromat): 20.50 x 92.33 Second Floor: 20.50 x 55 Third Floor: 20.50 x 55
  1. Listed by MeiJuan (Mandy) Jiang • Ashford Homes LLC • Other

Amenities

  • Walk Up
  • Dryer
  • Washer
  • Voice Intercom
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise

Location

Listing Courtesy of Ashford Homes LLC
Add your commute
LISTING UPDATED: 12/12/2023 12:54 PM

Property Details for 355 New Lots Avenue

StatusActive
MLS ID478718
Days on Market144
Taxes$11,008 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1930
Lot Size1,893 SF / 21' x 92'
CountyKings County

Building

355 New Lots Ave

6 Units3 StoriesBuilt in 1930

Location

Listing Courtesy of Ashford Homes LLC
Add your commute

Building Information for 355 New Lots Avenue

Stories3Residences6Year Built1930Lot Size1,893 SF / 21' x 92'Building Age-Building Type-

Payment Calculator

$13,197 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$917

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 355 New Lots Avenue

Summary
Location and General Information
  • Number Of Stories: 3
  • Cross Street Name: Sheffield Ave
  • Cross Street Name: Pennsylvania Ave
  • Roof: Flat
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Other
Taxes and HOA Information
  • Financing: 1031 Exchange, Assumption, Bank Mortgage, Cash
  • Tax Amount: 11008.0
  • Gross Expense: 274992.0
  • Gross Income: $504,000.00
  • Miscellaneous Expense: 35000.0
Property
Lot Information
  • Sq Ft Total: 4055
  • Yard: Back
  • Lot Size Irregular YN: No
  • Lot Size Length: 93
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
  • Utility Expense: 30000.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Commercial Features Interior: Other
  • Foundation Details: Block
  • Flooring: Hardwood
  • Unit Count: 5
  • Lavatories: Other
  • Construction Materials: Brick
  • Electric: 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Category: Store
  • Unit Room Description: BUILDING SOLD WITH LAUNDRY BUSINESS
  • Unit Floor: 1FL
  • Unit Status: Owner Occupied
  • Unit Unit Type: Laundrymat
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2000.0
  • Unit Floor: 1R
  • Unit Rooms Total: 3
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2000.0
  • Unit Floor: 1F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1500.0
  • Unit Floor: 2F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1500.0
  • Unit Floor: 2R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 17000.0
  • Owner Occupied: No

Property History for 355 New Lots Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 355 New Lots Avenue

Taxable ValueLand$3,600Additions$162,450Total$166,050
Home Facts
Total Finished SqFt3,383 SqFtLot Size1,893 SqFtYear Built1930ZoningR6APN3038390053

Schools near 355 New Lots Avenue

This home is within Nyc Geog District #19 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 190 Sheffield
PublicPK to 5

Legacy School of the Arts
Public6 to 8

East New York Family Academy
Public6 to 12

School Of The Future Brooklyn
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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355 New Lots Avenue is a mixed use property for sale in East New York. This property was listed for sale on December 10, 2023 by Ashford Homes LLC, it's currently listed at $2,250,000. It has been on the market for a total of 144 days and was last sold on June 23, 2023. This listing's school district is Nyc Geog District #19 - Brooklyn. Nearby schools include P.S. 190 Sheffield, Legacy School of the Arts and East New York Family Academy. 355 New Lots Avenue is a 4-bed, 5-bath, 4,055 sqft mixed use property built in 1930.

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Listing Courtesy of Ashford Homes LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.