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    226 Knickerbocker Ave Brooklyn, NY 11237

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    For Sale
    $830,000

    Profitable laundromat business with lease in prime Brooklyn location.

    Lot size:
    0.05 Acres

    Property Features for 226 Knickerbocker Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1931

    Source: Chase Global Realty Corp Agent John Z. Liu CBR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Laundromat Business For Sale

    This is a well-established laundromat business for sale, operating since 2014 with 11 years remaining on the rental lease, subject to 3% annual increases. The laundromat occupies a 5,000-square-foot space and includes 56 washers and 56 dryers. The business is located in a safe and convenient location within a nice neighborhood on a busy street. It is open seven days a week and is suitable for self-use or as an investment. A security deposit of two months' rent is required.
    Insight Report Location Intelligence

    Current Use by Public Records

    Knickerbocker Varieties/Smoke Shop Tobacco Shop Empire Communications Cell Phone Store La Blanquita Laundromat Laundromat 226 smoke shop Tobacco Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.925873
    Latitude
    40.702811

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    FAQs

    What type of property is this?
    Retail space - Profitable laundromat business with lease in prime Brooklyn location.
    Where is this retail space located?
    The property is located at 226 Knickerbocker Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: - Well-established laundromat business with a proven track record since 2014.; - Prime, safe, and convenient location on a busy street.; - Substantial 5,000 sqft facility equipped with **56 washers and 56 dryers.**
    (212) 991-8269
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    226 Knickerbocker Ave Brooklyn, NY 11237
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    Brooklyn, NY 11237
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    226 Knickerbocker Ave Brooklyn, NY 11237
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