Explore New Lots Neighborhood in New York City

General Information
New Lots is a residential neighborhood located in the eastern part of Brooklyn, New York, nestled between the neighborhoods of Brownsville, East New York, and Canarsie. The area is primarily residential, with a mix of detached homes, semi-detached houses, and apartment buildings. New Lots has long been a quiet, working-class neighborhood, offering a suburban-like atmosphere within the borough. The neighborhood is home to a number of parks and green spaces, including the New Lots Community Park, which provides a place for residents to enjoy outdoor activities and recreational sports. The area also benefits from its proximity to major transportation routes, including the I-95 and the A and 3 subway lines, providing easy access to Manhattan and other parts of Brooklyn. With ongoing development and revitalization efforts, New Lots is evolving into an increasingly attractive area for both families and young professionals seeking affordable housing in Brooklyn.
Real Estate Information
New Lots offers a diverse range of real estate options, including single-family homes, multi-family homes, and low-rise apartment buildings. The housing stock in the neighborhood is varied, with many older homes dating back to the early to mid-20th century, along with newer developments that are gradually reshaping the area. For buyers, New Lots presents an opportunity for more affordable properties compared to other parts of Brooklyn, with many homes offering larger lots and greater privacy. The rental market in New Lots is also appealing for those seeking reasonably priced apartments, as the neighborhood remains more affordable than many surrounding areas like East New York and Brownsville. Despite the neighborhood’s affordability, property values have been rising in recent years due to the area’s increased development and improved transportation options. Investors and homebuyers are drawn to New Lots for its potential for growth, proximity to transportation, and quieter suburban feel while still being connected to Brooklyn and Manhattan.
Historical/Interesting Facts
New Lots has a rich history that dates back to the early days of Brooklyn. Originally, the area was known for its agricultural land and farms before it began to develop in the late 19th and early 20th centuries. New Lots was part of the Town of Flatlands until it was incorporated into the City of Brooklyn in the 19th century. The name "New Lots" comes from the area's original land divisions, referred to as "lots" in early settlement documents. The neighborhood’s development accelerated in the early 20th century with the expansion of the subway system and the construction of the nearby railroad tracks, which helped attract residents and businesses to the area. The neighborhood experienced significant population growth in the post-World War II era, with many working-class families moving to New Lots from other parts of the city. Over the decades, the neighborhood has seen waves of immigration, adding to its cultural diversity. Today, New Lots continues to preserve its historical roots while evolving with new developments, offering a blend of past and present in the heart of Brooklyn.
Properties Statistics
Total Properties
3
Median Asking
$327,666.67
Sale Price/ft²
$465.70
Average Home Size
706 ft²
Average Home Age
35 years
Based on results from 3 properties
Buildings in this Sector
Fairfield Tower240 cozine avenue
| # | Address | Price | Type |
|---|---|---|---|
| 1 | 240 Cozine Avenue #2B... | $295,000 | For Sale |
