446 New Lots AveBrooklyn, NY 11207

For Sale
$1,650,000

High-Income Laundromat, 5,800 SF

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $1,650,000 asking price for a 5,800 square foot retail property.
  • Located at 446 New Lots Ave, Brooklyn, NY 11207.
  • Commercial property with a price per square foot of $284.48.
  • Currently operating as a laundromat with $86,000 monthly gross income.
  • Features a 20-year lease and 24-hour operation.

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6624566
Longitude
-73.8910536
446 New Lots Ave, Brooklyn, New York

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446 New Lots Ave
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