446 New Lots AveBrooklyn, NY 11207

For Sale
$1,650,000

High-Income Generating 5,800 SF Warehouse

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • $1,650,000 asking price for a 5,800 SF commercial warehouse property.
  • Located at 446 New Lots Avenue, Brooklyn, NY 11207.
  • Property includes 5,800 square feet on a 2,000 square foot lot.
  • Features 11-15 foot ceiling heights.
  • Currently operating as a laundromat with $86,000 monthly gross income, 5 employees, and a 20-year lease.

Property Details for 446 New Lots Ave

Property type
Other warehouses, Other retail properties
Square Feet
5,800 SF
Units
1

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
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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