Named after New Lots Avenue, which recalls the old Town of New Lots.
The area was long part of the Town of Flatbush and was known as ‘the New Lots’, to distinguish it from ‘the Old Lots’ near the village of Flatbush. New Lots became a town of its own in 1852 and was annexed to the City of Brooklyn in 1886. The station itself was originally called New Lots Road.