For sale

Price cut: $100K (5/22)

$1,150,000

716 New Lots Avenue, Brooklyn, NY 11207

8beds

3,120sqft

Triplex, Multi Family

Built in 2004

-- sqft lot

$-- Zestimate^®

$369/sqft

$-- HOA

What's special

One-car parking spotFull finished basement

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,

77 days

167

5

Loading...

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6
Full bathrooms: 6

Heating

Natural Gas, Baseboard

Cooling

Wall/Window Unit(s)

Appliances

Laundry: In Basement

Features

First Floor Bedroom, First Floor Full Bath, Entrance Foyer, Storage
Basement: Finished,Full
Has fireplace: No

Interior area

Total structure area: 3,120
Total interior livable area: 3,120 sqft

Property

Parking

Total spaces: 1
Parking features: Attached, Garage, Open
Garage spaces: 1

Lot

Size: 1,799 Square Feet

Details

Parcel number: 043110105
Special conditions: None

Construction

Type & style

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

Materials

Brick

Condition

Year built: 2004

Utilities & green energy

Gas: Separate Gas Meters: 3
Sewer: Public Sewer
Water: Public
Utilities for property: Trash Collection Public

Community & HOA

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $369/sqft
Tax assessed value: $68,280
Annual tax amount: $7,861
Date on market: 4/30/2026
Cumulative days on market: 313 days
Listing agreement: Exclusive Right To Sell

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/22/2026	Price change	$1,150,000-8%$369/sqft
Source: OneKey® MLS as distributed by MLS GRID #992858 Report a problem
4/30/2026	Listed for sale	$1,250,000-2.3%$401/sqft
Source: OneKey® MLS as distributed by MLS GRID #992858 Report a problem
4/27/2026	Listing removed	$1,280,000$410/sqft
Source: OneKey® MLS as distributed by MLS GRID #906088 Report a problem
8/27/2025	Listed for sale	$1,280,000+2.4%$410/sqft
Source: OneKey® MLS as distributed by MLS GRID #906088 Report a problem
6/1/2025	Listing removed	$1,250,000$401/sqft
Source: OneKey® MLS as distributed by MLS GRID #H6328122 Report a problem
9/17/2024	Listed for sale	$1,250,000+68.9%$401/sqft
Source: OneKey® MLS as distributed by MLS GRID #H6328122 Report a problem
11/7/2018	Sold	$740,000-6.9%$237/sqft
Source: Public Record Report a problem
4/24/2018	Listing removed	$795,000$255/sqft
Source: Town Residential Report a problem
2/26/2018	Listed for sale	$795,000-3.6%$255/sqft
Source: Town Residential Report a problem
1/7/2018	Listing removed	$825,000$264/sqft
Source: Kian Realty #384827 Report a problem
1/6/2017	Listed for sale	$825,000+31%$264/sqft
Source: Kian Realty #384827 Report a problem
7/27/2005	Sold	$630,000$202/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,766 +0.6%	$65,100 -4.7%
2024	$7,722	$68,280 +10.5%
2023	--	$61,800 +0.3%
2022	--	$61,620 +29.5%
2021	--	$47,580 -9.2%
2020	$4,907 +27.1%	$52,380 +19.1%
2019	$3,860 -41.1%	$43,980 +40.4%
2018	$6,552 +5.2%	$31,320 +2.6%
2017	$6,225 +252.6%	$30,538 +6%
2016	$1,766	$28,810 +6%
2015	$1,766 +43.2%	$27,180 +1.8%
2014	$1,233	$26,700 +2.3%
2013	--	$26,100 -7.8%
2012	--	$28,320 -15.1%
2011	--	$33,345 -0.9%
2010	--	$33,662
2009	--	$33,662
2008	--	$33,662
2007	--	$33,662

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: East New York

Getting around

86 / 100

Very Walkable

74 / 100

Very Bikeable

Nearby schools

GreatSchools rating

3/10
Ps 202 Ernest S Jenkyns
Grades: PK-5Distance: 0.4 mi
8/10
Van Siclen Community Middle School
Grades: 6-8Distance: 0.4 mi
5/10
East New York Family Academy
Grades: 6-12Distance: 0.3 mi

Schools provided by the listing agent

Elementary: Contact Agent
High: Contact Agent

Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.