# 334 New Lots Avenue, Brooklyn, NY 11207

> **TL;DR:** 6bd/2ba residential multi family, $1,150,000 ($348/sqft), built 1930, 3,300 sqft.
> Hardwood. Est. $6,150/mo. Listed 18 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,150,000 |
| Price/sqft | $348 |
| Bedrooms | 6 |
| Bathrooms | 2 full |
| Square Feet | 3,300 |
| Year Built | 1930 |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 18 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $5,815 |
| Estimated Insurance | $335 |
| **Total** | **$6,150** |

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1930
- 3 stories

## Description

### Agent Description
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.

## Location

- **Address:** 334 New Lots Avenue, Brooklyn, NY 11207
- **County:** Kings
- **Neighborhood:** East New York
- **Coordinates:** 40.661122, -73.894279
- **Google Maps:** https://www.google.com/maps?q=40.661122,-73.894279

## Listing Agent

- **Name:** Avraham Birnbaum
- **Brokerage:** TWELVE STONES REALTY
- **Phone:** 973-873-8444

## Primary Photo

![334 New Lots Avenue - Primary Photo](http://lh.rdcpix.com/7779d25aca799f40c87b300c6092c644l-f2694382177r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.ai/listing/334-new-lots-avenue-brooklyn-ny-11207-11908946)*

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**MLS#:** 11908946 | **Updated:** 2026-08-01
**Source:** listhub

*Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/334-new-lots-avenue-brooklyn-ny-11207-11908946)

---

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