Property summary
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
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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