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1810 Avenue U Brooklyn, NY 11229

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For Sale
$259,000

Established laundromat business with 75 machines in prime Brooklyn location.

Lot size:
0.04 Acres

Property Features for 1810 Avenue U

General Information

Property type
Commercial
Standard status
Active
Lot size
0.04 Acres

Building Details

Year built
1927

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Listing Contact
Mohamed Mahmoud
Mohamed Mahmoud
Source: Elliman

Listing Agency: Citi Star Realty Listing Agent: Mohamed Mahmoud

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

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Overview

Laundromat Business For Sale

Located on Avenue U and East 18th Street in Brooklyn, this property features a full and self-service laundromat business for sale. The business includes a total of 75 machines, comprised of 38 washers and 37 dryers. The lease has 10 years remaining, with a monthly rent of $6,150. The annual income is $252,000, which breaks down to $21,000 monthly. Annual expenses total $117,720, including $6,150 for rent, $1,100 for water, $1,500 for gas, $1,000 for electricity, and $60 for garbage. The property is situated in a convenient location.
Location Intelligence

Current Use by Public Records

Nice Laundromat & Cleaner ... (Bike/Boat/Book/etc) Store

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

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  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.953003
Latitude
40.59895

FAQs

What type of property is this?
Retail space - Established laundromat business with 75 machines in prime Brooklyn location.
Where is this retail space located?
The property is located at 1810 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: - High annual income: $252,000 ($21,000 monthly); - Established laundromat business with **75 machines (38 washers & 37 dryers)**; - Favorable lease terms: 10 years remaining with monthly rent of $6,150
More about this property
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