355 New Lots Avenue, East New York, NY 11207

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$1,898,000 Sold Price
Sold on 6/23/2023
 
Listing ID 11144267
Property Type Multi-Unit (5+)
County Kings
Township Kings
Neighborhood East New York
Total Tax $10,667
FEMA Flood Map fema.gov/portal
Year Built 1930
Virtual Tour

MIXES-USED Laundry Business + 4 Units Building In Brooklyn NY.

MIXED-USE Laundry Business + 4 Residential Apartment Building in Brooklyn NY! Great Lucrative Investment Opportunity! This Mixed-Use solid brick building features four residential apartments on 2nd & 3rd floor and 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: $427,200 Operating Expenses $203,867 Net Operating Income $223,333. Producing 11.77% Return On Investment at asking price.......
Property Details
  • 4 Full Baths
  • 1 Half Bath
  • 5275 SF
  • 1893 SF Lot
  • Built in 1930
  • Renovated 2021
  • 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
  • 12% Cap. Rate
Income/Expenses
  • Gross Income $427,200
  • Net Income $223,333
  • Operating Exp $203,867
  • Total Exp $203,867
Taxes and Fees
  • $10,667 Total Tax
Sale Information
  • Sold on 6/23/2023
  • Sold for $1,898,000
  • Buyer's Agent: Siddhartha Lama
  • Company: Prime America Real Estate
Previously Listed By
PRIME AMERICA REAL ESTATE INC
Office: 347-725-3142
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