Sold for $875,000

$875,000

1023 New Lots Ave, Brooklyn, NY 11208

5beds

1,596sqft

Multi Family

Built in 1920

-- sqft lot

$882,100 Zestimate^®

$548/sqft

$3,534 Estimated rent

Home value

$882,100

$812,000 - $961,000

$3,534/mo

Zestimate^® history

Owner options

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$3,534/mo

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$3,534/mo

Rent Zestimate^®

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$5,164/mo

Est. payment

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$5,164/mo

Est. payment

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What's special

Great potential for customization and investment, this brick home has two separate units, ideal for multi-generational living or rental income. First floor features 2 bedrooms and 1 bath. Second floor has 3 bedrooms and 1 bath. There is a also a full, finished basement with a 3/4 bath. This home also has a private driveway, providing off-street parking with room for several cars. Whether you're an investor looking for a solid rental property or a homeowner ready to make this space your own, the possibilities are endless.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 1
3/4 bathrooms: 2

Heating

Natural Gas, Baseboard

Appliances

Included: Dryer, Microwave, Refrigerator, Stove, Washer, Gas Water Heater
Laundry: Laundry Area

Features

Flooring: Ceramic Tile, Hardwood
Basement: Finished,Full

Interior area

Total structure area: 1,596
Total interior livable area: 1,596 sqft

Property

Parking

Total spaces: 4
Parking features: Private Drive, 4 Spaces
Has uncovered spaces: Yes

Features

Stories: 2
Fencing: Full

Lot

Size: 1,740 Square Feet
Dimensions: 29x58

Details

Foundation area: 931
Parcel number: 040720050
Special conditions: Arm's Length

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Brick
Foundation: Other
Roof: Flat

Condition

Year built: 1920

Utilities & green energy

Electric: 110 V, 220 Volts

Community & HOA

Community

Subdivision: Brooklyn

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $548/sqft
Tax assessed value: $747,000
Annual tax amount: $1,947
Date on market: 3/23/2025
Cumulative days on market: 78 days

Price history

Date	Event	Price
8/5/2025	Sold	$875,000$548/sqft
Source: BNYMLS #490262 Report a problem
6/9/2025	Pending sale	$875,000$548/sqft
Source: BNYMLS #490262 Report a problem
3/23/2025	Listed for sale	$875,000+86.2%$548/sqft
Source: BNYMLS #490262 Report a problem
10/4/2005	Sold	$470,000+487.5%$294/sqft
Source: Public Record Report a problem
11/5/2004	Sold	$80,000$50/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,218 +0.1%	$44,820 -0.9%
2024	$2,216	$45,240 -18%
2023	--	$55,140 +12.1%
2022	--	$49,200 +16.1%
2021	--	$42,360 -7.5%
2020	$1,675 +1.5%	$45,780
2019	$1,650 -9.2%	$45,780 +427.1%
2018	$1,817 +8.6%	$8,686 +5.8%
2017	$1,674 +37.8%	$8,210 +5.8%
2016	$1,214	$7,761
2015	$1,214 +70%	$7,761 +1.3%
2014	$714	$7,663 +5.9%
2013	--	$7,239 +5.8%
2012	--	$6,842 +5.8%
2011	--	$6,468
2010	--	$6,468 +1.3%
2009	--	$6,386 +5.9%
2008	--	$6,033 +5.8%
2007	--	$5,702 +5.8%
2006	--	$5,390
2005	--	$5,390 +1.3%
2004	--	$5,322 +5.8%
2003	--	$5,028 +5.8%
2002	--	$4,752 +5.8%
2001	--	$4,492
2000	--	$4,492