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    4124 Avenue D Brooklyn, NY 11203

    Sponsored
    For Sale
    $280,000

    High-Income Laundromat, Excellent ROI

    Property size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional retail property at 4124 Avenue D in Brooklyn, NY, presents a lucrative investment opportunity. The 900-square-foot building sits on a 1,950-square-foot lot and is currently operating as a highly profitable laundromat. Financial records indicate a gross annual revenue of $300,000, translating to a monthly revenue of $25,000. Annual rent is $37,200, or $3,100 per month, resulting in a substantial net annual income of $180,000, or $15,000 monthly. The property's strategic corner location in the vibrant 11203 zip code offers excellent visibility and accessibility. The building consists of a single unit with a ceiling height specified as "Other," requiring further inquiry for precise dimensions. This turnkey operation provides a strong foundation for immediate income generation and significant potential for future growth. The asking price for this exceptional investment is $280,000. Serious inquiries are encouraged to explore this rare opportunity to acquire a thriving business with proven profitability in a prime Brooklyn location. Further details regarding the ceiling height and other specifics are available upon request.

    Property Features for 4124 Avenue D

    General Information

    Property type
    Retail properties
    Square Feet
    900 SF

    Building Details

    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Laundromat Laundromat

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.937169
    Latitude
    40.64141

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    FAQs

    What type of property is this?
    Retail property - High-Income Laundromat, Excellent ROI
    Where is this retail property located?
    The property is located at 4124 Avenue D Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $280,000.
    Request Owner's contact information
    4124 Avenue D Brooklyn, NY 11203
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    Brooklyn, NY 11203
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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
    4124 Avenue D Brooklyn, NY 11203
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