3 months on rocket

716 New Lots Ave, Brooklyn, NY, 11207

$1,250,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
6 Full Baths
Multi

Location

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716 New Lots Ave, Brooklyn$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAttached, Garage, Public Parking
Garage1 space
Year Built2004
HeatingNatural Gas, Baseboard
CoolingWall/Window Unit(s)
BasementYes
MLS #H6328122
Lot Size0.04 Acres
StatusActive

About 716 New Lots Ave

Welcome to 716 New Lots Ave, a spacious three-family home in the heart of East New York. This property features three fully occupied units, each generating consistent cash flow. The first-floor unit offers 2 bedrooms and 2 bathrooms. The second floor boasts a generous 3-bedroom, 2-bathroom layout, while the third floor also provides 3 bedrooms and 2 bathrooms, making it an ideal investment opportunity. Additional highlights include a full finished basement and a convenient one-car parking spot. Located in a prime area with easy access to all major transportation systems, this property is perfect for those seeking a well-maintained, income-generating investment. Don’t miss out on this incredible opportunity! Additional Information: ParkingFeatures:1 Car Attached,

Property Details

Property Features

Property Information:

  • Year Built: 2004

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (203) 832-5598

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Attached, Garage, Public Parking

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard
  • Cooling: Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000

Tax Information:

  • Annual Amount: $4,907
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

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Brooklyn, NY

City

Med. Sold Price

$979.9K

Med. Price/SqFt

$701

Avg. Days On Market

111

# of Sold Homes

385

716 New Lots Ave vs Brooklyn

100 DAYS ON ROCKET

-11 Days

$1,250,000

+$270K More

KEY TAKEAWAY

This property is $270K more than the Median Sold Price in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY2
  • MLS Number: #H6328122

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (203) 832-5598

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/26/2024, 11:11:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 07, 2018Home Sold
$740,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,907$52,380
2019$4,906$52,380
2018$1,841$31,320
2017$1,805$30,538

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1629047
2
/10

  • East New York Elementary School of Excellence

  • 605 Shepherd Ave

  • 0.36 miles

  • Public District Grades PK-5

school-card-donut-1629048
5
/10

  • P.S. 202 Ernest S. Jenkyn's School

  • 982 Hegeman Ave

  • 0.39 miles

  • Public District Grades KG-6

school-card-donut-1629049
5
/10

  • P.S. 158 Warwick School

  • 400 Ashford St

  • 0.49 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,500. Typical income of Brooklyn, NY residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11207›716 New Lots Ave

This home is located at 716 New Lots Ave in Brooklyn, NY and zip code 11207 in the East New York neighborhood. This home, which was built in 2004, sits on a 0.04 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $1,250,000.

Brooklyn, NY housing market in November 2024 saw over 28 listings sold above listed price, more than 196 sold at listed price and over 161 sold below. The number of homes for sale in Brooklyn, NY decreased by 10.5% between October 2024 and November 2024. The median list price of listings available in November 2024 was $979,913, while the average time on the real estate market was 111 days.

From Rocket Homes Real Estate and based on county public records data.

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