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688 New Lots Ave
Brooklyn, NY 11207 East New York

$2,400,000 USD

Apartments For Sale • 5,398 SF

Property Details

Property Type Apartments
Total Building Size 5,398 SF
Lot Size 0.06 AC
Building Class B
Year Built 1930
Cap Rate 7.13 %
Zoning R5

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                100% Free Market Building with Upside
                            
                                Attractive In-Place Cap Rate
                            
                                Proximately Located in Front of Bus Stop & Major Transit Lines

Property Flyers

688 New Lots - OM - FINAL_0921

688 New Lots SURVEY

Financial Summary (Actual)

Net Operating Income: $171,212 USD (2025)

Cap Rate:	7.13 %
Total Expenses:	$45,874 USD

Amenities

Courtyard
Property Manager on Site
Disposal Chutes
Gas Range
Recycling
Trash Pickup - Curbside
Wi-Fi
Storage Space
Maintenance on site
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	6 min	-	2.4 mi
Nostrand Avenue (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	13 min	-	4.4 mi
Transit/Subway	Drive	Walk	Distance
New Lots Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	0 min	1 min	0.1 mi
Van Siclen Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	1 min	6 min	0.3 mi
Pennsylvania Avenue (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	2 min	12 min	0.7 mi
Van Siclen Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	2 min	15 min	0.7 mi
Shepherd Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	2 min	14 min	0.8 mi
Airport	Drive	Walk	Distance
John F Kennedy International	12 min	-	7.5 mi
LaGuardia	22 min	-	11.7 mi
Newark Liberty International	40 min	-	20.2 mi

Lee Eliyahu 516-225-6733 Bridge Advisory Group

688 New Lots Ave Brooklyn, NY 11207 East New York