$10,000 Closing Credit¹
#L3534353, Listing Office: Progressive Realty Grp USA Inc
$1,250,000 List price
716 New Lots Ave Brooklyn, NY 11207
$10,000
Closing credit¹
8 beds
6 full
0.04 acres
Multi-Family
Property details
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,
Highlights
Home typeTriplex
HeatingNatural Gas, Baseboard
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Lot size0.0413 Acres
Year built2004
ParkingAttached, Garage, Public Parking
MLS #H6328122
Garage1 space
Summary
- MLS Number: H6328122
- MLS Name: ONEKEY2
- Office Name: eXp Realty
- Office Phone: (203) 832-5598
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. Properties displayed may be listed or sold by various participants in the MLS.
The 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 2025, 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: 2/24/2025, 1:11:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,250,000
716 New Lots Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 07, 2018 | Home Sold | $740,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $68,280 | $7,722 |
| 2023 | $61,800 | $7,548 |
| 2021 | $47,580 | $12,401 |
| 2019 | $52,380 | $4,906 |
| 2018 | $31,320 | $1,840 |
| 2017 | $30,538 | $1,804 |
History based on county public records data.
Nearby schools
2
East New York Elementary School of Excellence
Public District PK-5
0.4 mi
•605 Shepherd Ave
5
P.S. 202 Ernest S. Jenkyn's School
Public District KG-6
0.4 mi
•982 Hegeman Ave
5
P.S. 158 Warwick School
Public District KG-5
0.5 mi
•400 Ashford St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,500. The most common annual income of people living in Brooklyn, NY is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
29%
<35k
45%
35k-100k
20%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
40%
Single, No Kids
29%
Single, with Kids
13%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
39%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
Foot Locker
H&M
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
Popeyes
Jack In The Box
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 716 New Lots Ave in Brooklyn, NY and zip code 11207 in the East New York neighborhood. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $1,250,000.
While more than 31 listings in Brooklyn, NY in January 2025 were sold above asking price, there were more than 254 listings sold at asking price, and more than 154 were sold below. Between December and January 2025, Brooklyn, NY real estate market has seen decrease in the number of listings by 4.4%. While the average time on the market in January 2025 was 93 days, the median list price was $991,265.
From Rocket Homes Real Estate and based on county public records data.