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    OFF-MARKET
    Warehouses

    446 New Lots Ave, Brooklyn, NY 11207

    5,800 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Jin Fang Laundry (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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