What is 514 New Lots Ave?

514 New Lots Ave is a 1,152 square foot house on a 1,155 square foot lot with 6 bedrooms and 2 bathrooms. 514 New Lots Ave is a house currently priced at $1,000,000.

How many photos are available for this home?

DistressedRealEstate.net has 10 photos of 514 New Lots Ave.

How much is this home worth?

Based on DistressedRealEstate.net's Brooklyn, NY data, we estimate the home's value is $541,400.

How long has this home been listed on DistressedRealEstate.net?

514 New Lots Ave has been listed on DistressedRealEstate.net since August 16, 2023.

When was this home built?

514 New Lots Ave was built in 1930.

How competitive is the market for this home?

Based on DistressedRealEstate.net's market data, we calculate that market competition in 11207, this home's neighborhood, is somewhat competitive. This home sell's for about 85% above listed price.

What’s the full address of this home?

The full address for this home is 514 New Lots Ave, Brooklyn, NY 11207.

514 New Lots Ave, Brooklyn, NY 11207

Foreclosure History

for 514 New Lots Ave

Lis Pendens

Aug 16, 2023 (269 days)
- Deed Category:
  Deed Category:
  LP
  LP
- Case Number:
  Case Number:
  523688/23
  523688/23
- Recording Date:
  Recording Date:
  2023-08-16
  2023-08-16
- Defendant Name:
  Defendant Name:
  FRANCIS GASPAR
  FRANCIS GASPAR
- Plaintiff:
  Plaintiff:
  WILMINGTON SAVIN GS FUND SOCI
  WILMINGTON SAVIN GS FUND SOCI
- GET FREE CONSULTATION
  
  Ask an Attorney about this home
  
  GET FREE CONSULTATION
  
  Ask an Attorney about this home

Property details for 514 New Lots Ave

Status

For Sale

Days on market

270 days

Type

Single Family Home

Town House

Zoning Districts

R6

C1-3

Year Built

1930

The description and property data below may have been provided by a third party, the homeowner or public records.

Price reduction for a quick sale on this amazing property. 514 New Lots Ave. is a 3 unit mixed use building located in the heart of East New York. On the first floor, there is a store front. There is a 4br and a 2brm on the second flr. The storefront is currently a restaurant. Amazing investment property.

Property features

Bedrooms

Bedrooms:
Bedrooms:
6
6

Garage and Parking

Parking Features:
Parking Features:
On Street
On Street

Bathrooms

Full Bathrooms:
Full Bathrooms:
2
2
Total Bathrooms:
Total Bathrooms:
2
2

Heating and Cooling

Cooling Features:
Cooling Features:
Window Unit(s)
Window Unit(s)
Heating Features:
Heating Features:
Natural Gas, Hot Water
Natural Gas, Hot Water

Homeowners Association

Association:
Association:
No
No
Calculated Total Monthly Association Fees:
Calculated Total Monthly Association Fees:
0
0

Land Info

Lot Size Acres:
Lot Size Acres:
0.0264922
0.0264922
Lot Size Square Feet:
Lot Size Square Feet:
1154
1154

Utilities

Sewer:
Sewer:
Public Sewer
Public Sewer
Water Source:
Water Source:
Public
Public

Multi-Unit Info

Number of 2 Bedroom Units:
Number of 2 Bedroom Units:
1
1
Number of 4 Bedroom Units:
Number of 4 Bedroom Units:
1
1
Number of Units:
Number of Units:
4
4

School Information

Elementary School District:
Elementary School District:
Brooklyn 14
Brooklyn 14
High School District:
High School District:
Brooklyn 14
Brooklyn 14
Middle or Junior School District:
Middle or Junior School District:
Brooklyn 14
Brooklyn 14

Building and Construction

Common Walls:
Common Walls:
2+ Common Walls
2+ Common Walls
Property Age:
Property Age:
94
94
Property Attached:
Property Attached:
Yes
Yes
Total Square Feet Living:
Total Square Feet Living:
3400
3400
Year Built:
Year Built:
1930
1930

Other Property Info

Annual Tax Amount:
Annual Tax Amount:
26340.00
26340.00
County:
County:
Brooklyn
Brooklyn
List Price Low:
List Price Low:
1000000
1000000
Number of Separate Electric Meters:
Number of Separate Electric Meters:
4
4
Number of Separate Gas Meters:
Number of Separate Gas Meters:
4
4
Parcel Number:
Parcel Number:
04303-0109
04303-0109
Postal City:
Postal City:
East New York
East New York
Property Subtype:
Property Subtype:
Multi Family
Multi Family
Source Listing Status:
Source Listing Status:
Active
Active
Source Property Type:
Source Property Type:
Residential Income
Residential Income
Source System Name:
Source System Name:
C2C
C2C
Township:
Township:
Brooklyn
Brooklyn

Primary Land Use and Tax Lot Information

for 514 New Lots Ave

Lot Map

514 NEW LOTS AVENUE, 11207

Building Info

DOB Overview:

View Details
Building Class:

S1
Residence - Multiple Use: Primarily One Family With One Store Or Office
Year Built:

1930
Number of Buildings:

1
Floors on Main Building:

2
Building Dimensions:

16'36'
Actual Square Footage:

1,152
Calculated Square Footage:

1,152
Residential Floor Area:

576
Commercial Floor Area:

576
Retail Floor Area:

576
Total Units:

2
Residential Units:

1
Extension:

Extension
Basement:

Below grade full basement

Lot Info and Address

Address:

514 NEW LOTS AVENUE
Zip Code:

11207
Borough:

Brooklyn (3)
Block — Lot:

4303 — 109
BBLE:

3043030109
Lot Buildings:
BIN

Name

3096747 514 NEW LOTS AVENUE
Ownership:
Land Use:

04
Mixed Residential & Commercial Buildings
Lot Dimensions:

16'72.17'
Calculated Lot Perimeter:

184.74 ft
Acres:

0.03
Lot Area:

1,155
Lot Type:

Inside
Irregular Lot:

An irregularly shaped lot

BIN	Name
3096747	514 NEW LOTS AVENUE

Zoning and FAR

Zoning Districts:

R6
Moderate-density residence district
Commercial Overlays:

C1-3
Commercial districts that are predominantly residential in character
DCP Zoning Map:

View Details
Actual FAR:

1
Max Residential FAR:

2.43
Max Commercial FAR:

0
Max Facility FAR:

4.80
Max Residential Sqft:

2,807
Buildable Residential Sqft:

1,655
Residential Area Distribution:

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Real Property Records

for 514 New Lots Ave

Document Date	Document Type	Unit	Amount

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Property Price History

for 514 New Lots Ave

Date	Event	Price	Price/Sqft	Source
Jan 23, 2024	Price Changed	$1,000,000	$294	OneKeyMLS
Jan 15, 2024	Price Changed	$930,000	$274	OneKeyMLS
Nov 18, 2023	Price Changed	$1,000,000	$294	OneKeyMLS
Oct 31, 2023	Listed	$1,100,000	$367	OneKeyMLS

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Property Tax History

for 514 New Lots Ave

Year	Taxes	Land	Additions	Total Assessment
2022	$3,342	$7,740	$16,080	$23,820
2021	$3,324	$7,740	$13,500	$21,240
2020	$3,154	$7,740	$14,580	$22,320
2019	$3,027	$7,740	$15,300	$23,040
2018	$3,027	$5,834	$8,638	$14,472
2017	$2,844	$6,040	$7,914	$13,954
2016	$2,631	$6,848	$6,317	$13,165
2015	$2,428	$7,740	$4,680	$12,420
2014	$2,310	$7,740	$4,320	$12,060
2013	$2,717	$7,740	$6,420	$14,160
2012	$2,545	$7,740	$6,240	$13,980
2010	$2,190	$7,489	$6,095	$13,584
2009	$2,189	$7,065	$5,751	$12,816
2007	$1,851	$1,802	$10,197	$11,999

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Sold Homes

near 514 New Lots Ave

Address	Price	Built	Beds	Baths	Sqft	Lot Size	Distance
604 Sackman St Brownville, NY 11212SF	$610,000 12/28/2023	1985	3	3	1,152	1,800	0.75 mi
1985 Built 1,152 Sqft 1,800 Lot Size 0.75 mi Distance
572 Junius St Brownville, NY 11212SF	$610,000 04/16/2024	1987	3	2	1,148 -4difference	1,800	0.65 mi
1987 Built 1,148 -4 Sqft 1,800 Lot Size 0.65 mi Distance
377 Wyona St Brooklyn, NY 11207SF	$585,000 02/20/2024	1990	3	2	1,134 -18	1,800	0.45 mi
1990 Built 1,134 -18 Sqft 1,800 Lot Size 0.45 mi Distance
559 Belmont Ave Brooklyn, NY 11207SF	$565,000 04/10/2024	1991	3	2	1,132 -20	1,800	0.58 mi
1991 Built 1,132 -20 Sqft 1,800 Lot Size 0.58 mi Distance
474 Ashford St Brooklyn, NY 11207SF	$595,000 04/12/2024	1990	3	2	1,116 -36	1,621	0.55 mi
1990 Built 1,116 -36 Sqft 1,621 Lot Size 0.55 mi Distance
511 Alabama Ave Brooklyn, NY 11207SF	$668,000 02/16/2024	2000	3	3	1,296 +144	1,800	0.38 mi
2000 Built 1,296 +144 Sqft 1,800 Lot Size 0.38 mi Distance
639 Elton St Brooklyn, NY 11208SF	$610,000 12/15/2023	1988	3	2	1,200 +48	1,800	0.48 mi
1988 Built 1,200 +48 Sqft 1,800 Lot Size 0.48 mi Distance
425 Snediker Ave Brooklyn, NY 11207SF	$580,000 03/12/2024	1997	3	2	1,332 +180	1,800	0.55 mi
1997 Built 1,332 +180 Sqft 1,800 Lot Size 0.55 mi Distance
304 Newport St Brooklyn, NY 11212SF	$460,000 03/15/2024	1986	3	2	1,116 -36	1,800	0.80 mi
1986 Built 1,116 -36 Sqft 1,800 Lot Size 0.80 mi Distance

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Homes For Sale

near 514 New Lots Ave

Address	Price	Built	Beds	Baths	Sqft	Lot Size	Distance
76 Powell St Brooklyn, NY 11212SF	$1,300,000 193 days ago	1910	6	6	1,120 -32difference	—	1.06 mi
1910 Built 1,120 -32 Sqft — Lot Size 1.06 mi Distance

Schools

serving 514 New Lots Ave

School Name	Rating	Grades	Parent Rating	Distance
Ps 213 New Lots 580 Hegeman Avenue, Brooklyn, NY 11207	4 / 10	K−5		0.23 mi
K−5 Grades Parent Rating 0.23 mi Distance
Van Siclen Community Middle School 800 Van Siclen Avenue, Brooklyn, NY 11207	3 / 10	6−8		0.30 mi
6−8 Grades Parent Rating 0.30 mi Distance
East New York Family Academy 145 Pennsylvania Avenue, Brooklyn, NY 11207	7 / 10	6−12		0.19 mi
6−12 Grades Parent Rating 0.19 mi Distance
Ps 13 Roberto Clemente 557 Pennsylvania Avenue, Brooklyn, NY 11207	6 / 10	K−5		0.22 mi
K−5 Grades Parent Rating 0.22 mi Distance
Achievement First East New York Charter School 557 Pennsylvania Avenue, Brooklyn, NY 11207	7 / 10	K−12		0.22 mi
K−12 Grades Parent Rating 0.22 mi Distance
Uft Charter School 800 Van Siclen Avenue, Brooklyn, NY 11207	—	9−12		0.32 mi
9−12 Grades Parent Rating 0.32 mi Distance
New Grace Center Christian School 650 Livonia Avenue, Brooklyn, NY 11207	—	PK−8		0.21 mi
PK−8 Grades Parent Rating 0.21 mi Distance
America Come Back To God Christian Academy 822 Dumont Avenue, Brooklyn, NY 11207	—	K−8		0.25 mi
K−8 Grades Parent Rating 0.25 mi Distance
St. John Cantius School 692 Blake Ave, Brooklyn, NY 11207	—	K−8	—	0.39 mi
K−8 Grades — Parent Rating 0.39 mi Distance

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School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

514 New Lots Ave, Brooklyn, NY 11207

Kings County