Multi-Family Space For Sale @ 355 New Lots Ave

Coldwell Banker Reliable Commercial Division is pleased to offer 355 New Lots Avenue, located in the East New York section of Brooklyn for sale. This 5 unit, 4,283 square foot, mixed-use property also features a laundromat business on the lower level. The 1st floor includes an owner-occupied laundromat with 2,028 square feet of retail space while the 2nd and 3rd floors feature 4-one bedroom apartments with a combined 2,255 square feet of residential space. Financial projections: $423,240 in gross revenue, $285,406 in expenses, a net income of $137,834 and a 6.77% cap rate.