About This Home
This 6-bedroom, 2-bathroom residential multi family at 334 New Lots Avenue in Brooklyn, NY is listed for $1,150,000 ($348 per sqft). Built in 1930, the home offers 3,300 sqft of living space on a N/A lot.
Key Features
- Built in 1930
- 3 stories
Property Details
Amenities
Mixed-Use Investment Opportunity | Restaurant + Residential | Over 10.6% Pro Forma Cap Rate Presenting an excellent opportunity to acquire a mixed-use investment property in the heart of East New York, Brooklyn. This well-located building features a ground-floor commercial restaurant space with two spacious residential apartments above, providing a diversified income stream and strong long-term investment potential.
The property consists of: Ground-floor restaurant/commercial space Two 3-bedroom, 1-bath residential apartments Full basement One residential unit is scheduled to be delivered vacant, offering immediate upside for an owner-user or the opportunity to lease at market rent.
Currently generating approximately $123,600 in annual gross income, with projected income of over $138,000 annually based on market rents. Investment Highlights Projected 10.68% Cap Rate Projected NOI: $122,865 Purchase Price: $1,150,000 R6, C1-3 Zoning 20' x 81.33' Lot Approximately 3,600 SF Building Built in 1930 Mixed-use asset with residential
and commercial income Value-add opportunity through lease-up and rent optimization Conveniently located on New Lots Avenue, the property enjoys excellent visibility and foot traffic while offering easy access to public transportation, major roadways, neighborhood shopping, and local amenities.
The commercial storefront benefits from a vibrant retail corridor, while the residential units remain in strong demand. Whether you're an investor seeking stable cash flow or looking to add a high-performing mixed-use asset to your portfolio, 334 New Lots Avenue offers an outstanding combination of current income, upside potential, and long-term appreciation. Contact us today for the complete financial package, rent roll, and to schedule a private tour.
Monthly Cost Estimate
$6,150/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
334 New Lots Avenue
Brooklyn, NY 11207
East New York
Property Details
Flooring
Construction
Heating
Questions & Answers
This 6-bedroom, 2-bathroom residential multi family at 334 New Lots Avenue is listed at $1,150,000 ($348/sqft). The estimated monthly payment is $6,150 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 3 stories.
This property is listed by Avraham Birnbaum and can be reached at 973-873-8444.





