355 New Lots Ave Brooklyn, NY 11207

Great Lucrative Investment Opportunity in Brooklyn, NY! This Mixed-Use property includes a well-established laundromat business on the first floor and a residential apartment building with four units on the 2nd & 3rd floors. The property offers a 13% CAP RATE with an absentee owner. The rental incom...e from 2nd & 3rd floor is $7,000 monthly. The laundromat has 29 washers, 32 dryers, and generates a Gross Revenue of $456,000/year. The building size includes a basement, first floor (Laundromat), second floor, and third floor. With approximately 4142 Sqft, the property is located in the dynamic commercial hub of Brooklyn. Basement: 20.50 x 55 First Floor (Laundromat): 20.50 x 92.33 Second Floor: 20.50 x 55 Third Floor: 20.50 x 55 Continue reading