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716 New Lots AvenueBrooklyn, NY 11207

For Sale

$1,150,000

Smart Buyer Rebate $14,375

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,

Listed by Jessy J. Cuevas

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eXp Realty

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888-276-0630

Last updated May 21, 2026

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Source: OneKey #992858

Listing Facts

  • TypeMulti-family
  • NeighborhoodNew Lots
  • Bedrooms8
  • Bathrooms6
  • Days on Prevu46
  • Taxes$7,861/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/22/2026
Price Decreased
$1,150,000
04/30/2026
Listed by eXp Realty
$1,250,000

Estimated Closing Costs

Total
$43,885
Attorney Fees
$4,000
NYC Mansion Tax
$11,500
Title Insurance
$5,175
Bank Attorney
$1,500
Mortgage Recording Tax
$17,710
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,150,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 716 New Lots Avenue

Exterior

Construction

  • Number Of Units Total: 3
  • Property Attached: Yes
  • Year Built: 2004
  • Construction Materials: Brick

Measurements

  • Building Area Total: 3,120
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.04
  • Lot Size Square Feet: 1,799

Financial

Taxes

  • Parcel Number: 04311-0105
  • Tax Annual Amount: $7,861.00
  • Tax Assessed Value: $68,280.00
  • Tax Year: 2023

Interior

Features

  • Interior Features: First Floor Bedroom, First Floor Full Bath, Entrance Foyer, Storage

Rooms

  • Basement: Finished, Full
  • Has Basement: Yes
  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 8

Parking

Parking

  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Attached, Garage, Open
  • Parking Total: 1

Schools

Elementary School

  • Elementary School: Contact Agent
  • Elementary School District: Contact Agent

High School

  • High School: Contact Agent
  • High School District: Contact Agent

Middle or Junior School

  • Middle Or Junior School: Call Listing Agent
  • Middle Or Junior School District: Contact Agent

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Baseboard
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Trash Collection Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 8 bedrooms and 6 bathrooms in this multi-family home at 716 New Lots Avenue.

What schools are nearby to 716 New Lots Avenue?

Nearby schools include the Contact Agent Elementary School, Call Listing Agent Middle School, and Contact Agent High School.

Does this multi-family home have parking?

Yes, there is 1 parking space available for 716 New Lots Avenue.

What are the annual taxes for 716 New Lots Avenue?

Annual taxes for this multi-family home are estimated at $7,861.

How does 716 New Lots Avenue compare to other multi-family homes in New Lots?

This multi-family home is listed 15% above the average price for multi-family homes in New Lots and has been on the market for 56 less days than the typical home in this area.

716 New Lots Avenue is a 8-bedroom, 6-bath multi-family home for sale in Brooklyn NY 11207. Listed on Prevu for 46 days at $1,150,000. This includes a recent price decrease of $100,000. This residence is located in New Lots. The median listing price for multi-family homes in this area is $956,000. Nearby schools include Contact Agent Elementary School, Call Listing Agent Middle School, and Contact Agent High School. Property amenities include parking. Explore more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. 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. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.