Property profile

446 New Lots Ave Brooklyn, NY 11207

OFF-MARKET
Retail properties & Spaces
5,800 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
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

Location

446 New Lots Ave Brooklyn, NY 11207
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 446 New Lots Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message