445 New Lots Avenue
445 New Lots Avenue
Sold 1/18/22
Sold 1/18/22
Description
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...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 Agent
![Cornelia Thomas]()
cornelia.thomas@compass.comP: 917.921.1971
Amenities
- Junior 4
- Private Roof Deck
- Common Roof Deck
- Walk Up
- Window AC can be Installed
- Street Parking
- Windowed Kitchen
- Windowed Bathroom
Location
Property Details for 445 New Lots Avenue
| Status | Sold |
|---|---|
| Days on Market | 20 |
| Taxes | - |
| Common Charges | - |
| Min. Down Pymt | 30% |
| Total Rooms | 14.0 |
| Compass Type | Townhouse |
| MLS Type | Condominium |
| Year Built | 1930 |
| County | Kings County |
Building
445 New Lots Ave
Location
Building Information for 445 New Lots Avenue
Payment Calculator
$5,014 per month
30 year fixed, 7.25% Interest
$5,014
$0
$0
Property History for 445 New Lots Avenue
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 445 New Lots Avenue
Schools near 445 New Lots Avenue
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. 13 Roberto Clemente PublicPK to 5 | ||
Jhs 292 Margaret S Douglas Public6 to 8 | ||
East New York Family Academy Public6 to 12 | ||
Legacy School of the Arts 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.
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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.