Jagjit Singh
REALTOR®, Local Knowledge, Smart Decisions, Trusted Guidanace
(516) 315-1940
Real Estate Salesperson
MLS#1070387
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLBrooklyn 19
Property Description
Prime Mixed-Use Investment Opportunity in Brooklyn. One store + 2 Apartments.Excellent opportunity to own a well-maintained mixed-use property in East New York, Brooklyn, featuring a ground-floor commercial space and two vacant residential apartments above.The ground floor and basement are currently occupied by an operating nail salon, generating $3,200 per month in rental income, with approximately 3 years remaining on the lease.The second floor features two separate vacant apartments: a front unit with 3 bedrooms and 1 full bathroom, and a rear unit with 2 bedrooms and 1 full bathroom.The property 20 x 101 ft lot, approximately 20 x 50 ft building dimensions, R6/C1-3 zoning, and low annual property taxes of approximately $5,600.With a projected investment return of approximately 6.5%, this property offers excellent potential for investors and owner-users alike. Enjoy existing commercial rental income while exploring additional residential rental opportunities.A rare opportunity to combine commercial income, residential flexibility, and long-term investment potential in Brooklyn!
Property Features
Property Type: Commercial - Multiple
Basement: Yes
Basement: Full
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.05 Acres
Taxes: $5,599
Year Built: 1920
Feature Descriptions
Building Area Total: 3960
Business Type: Barber/Beauty
Exterior: Brick
On Market Date: 2026-11-04
Parcel Number: 04300-0010
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Brooklyn 19
Listed By / Shown By
Listing By
Agency Name: Chase Global Realty Corp
Agency Contact: 718-355-8788
Shown By
Agent Name: Jagjit Singh
Agent Phone: (516) 315-1940
Agency Title: Coldwell Banker American Homes
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436 New Lots Avenue | MLS# 1070387
This commercial property located at 436 New Lots Avenue , Brooklyn, NY 11207 is currently listed for sale with an asking price of $1,390,000. New Lots Avenue is located within the Brooklyn 19 school district. Search Brooklyn real estate on www.jagjithomes.com today.