355 New Lots Avenue, East New York, NY 11207

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$2,098,000 List Price
Off Market
 
Listing ID 11092292
Property Type Multi-Unit (5+)
County Kings
Township Kings
Neighborhood East New York
Total Tax $10,639
FEMA Flood Map fema.gov/portal
Year Built 1930
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MIXED-USE Laundry Business + 4 Units Building in Brooklyn NY!

Great Lucrative Investment Opportunity! This Mixed-Use solid brick building features four residential apartments on second and third floor. Front side one bedroom and rear side two bedroom on each floor. A well established laundromat business on the first floor, located in the dynamic and commercial hub of Brooklyn. A great income generating laundromat business on the 1st floor and rental income of 4 residential Apartments on 2nd & 3rd floor comprise of Gross Revenue: $424,800 Operating Expenses $203,839 Net Operating Income $220,961. Producing 10.53% Return On Investment on asking price.
Property Details
  • 4 Full Baths
  • 1 Half Bath
  • 5275 SF
  • 1893 SF Lot
  • Built in 1930
  • 3 Stories
  • Full Basement
Interior Features
  • Hardwood Flooring
  • Hot Water
  • Natural Gas Fuel
  • Central A/C
Exterior Features
  • Municipal Water
  • Street View
  • City View
  • Near Bus
  • Near Train
Commercial Info
  • 10% Cap. Rate
Income/Expenses
  • Gross Income $424,800
  • Net Income $220,961
  • Operating Exp $203,839
  • Total Exp $203,839
Taxes and Fees
  • $10,639 Total Tax
Previously Listed By
PRIME AMERICA REAL ESTATE INC
Office: 347-725-3142
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