446 New Lots Ave, Brooklyn, NY 11207
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.
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Jin Fang Laundry (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.