Property summary
This exceptional 5,800-square-foot retail property located at 446 New Lots Avenue in Brooklyn, New York, presents a lucrative investment opportunity. Currently operating as a highly successful laundromat, the business boasts a substantial monthly gross income of $86,000. The property is situated in Kings County, NY, 11207, offering excellent visibility and accessibility. The asking price is $1,650,000, translating to a price per square foot of $284.48. The building features a spacious 5,800 square foot layout, perfectly suited for its current use. The laundromat operates 24 hours a day, seven days a week, and employs five staff members. A significant advantage is the existing 20-year lease, providing long-term stability and security for the investment. This turnkey operation is ideal for both seasoned entrepreneurs seeking portfolio expansion and aspiring business owners entering the thriving laundry industry. The property's strong financial performance and established clientele base make it a compelling investment prospect in a dynamic Brooklyn location. The property's address is 446 New Lots Ave, Brooklyn, NY 11207. This is a rare opportunity to acquire a high-performing, established business with significant growth potential.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
Location
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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