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Property profile

446 New Lots Ave Brooklyn, NY 11207

OFF-MARKET
Warehouses
View Sample
5,800 SF

Property summary

AI-generated overview

This exceptional 5,800 square foot commercial warehouse, located at 446 New Lots Avenue in Brooklyn, NY 11207, presents a lucrative investment opportunity. Situated on a 2,000 square foot lot, this single-unit property boasts impressive 11-15 foot ceilings, providing ample space for various commercial uses. Currently operating as a highly successful laundromat, the property generates a substantial gross monthly income of $86,000. The business operates 24/7 and employs five staff members. The existing lease agreement extends for 20 years, offering long-term stability and significant return on investment. The property's prime location in Kings County (Brooklyn) offers excellent accessibility and visibility. This turnkey operation is ideal for both experienced entrepreneurs seeking expansion and aspiring business owners entering the market. The property's size, income potential, and lease terms make it a compelling investment prospect in a thriving commercial area. The property is classified as Retail, Industrial, and Office, offering versatility for a range of potential uses beyond its current configuration. Serious inquiries are encouraged.

Property profile

Verified
Property type Warehouses
Total area 5,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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