4204 Avenue J Brooklyn, NY 11210

Mixed Use Residence

Beds

Baths

3,200 Sq. Ft.

0.05 Acre Lot

Property Activity

Time on Site

days

Days on Market

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Last updated on 11/25/2024 6:08 AM

Listing Details

BUSY LOCATION!!! Building includes Laundromat. This Mixed-use building has been recently renovated, and very well maintained. It features a long 30+ year established laundromat w/tons of customers, 20 dryers and 16 washers and countless equipment (PGI):$42,000, plus a small/bonus professional offic...e (EGI): $12,000/year. Laundromat is currently vacant and all its equipment included in the sale. The 2nd floor features two apartments: 1bedroom apartment (EGI): $23,886 w/one year lease; 2bedroom apartment (EGI): $29,328 w/one year lease; which equate to an abundant income. The building also comes with a full and unfinished basement, a separate water meter, electric meter, gas water heater & new boiler for the two apartments. A separate water meter, electric meter, oil boiler and new water heater for the laundromat. The one and only laundromat in the neighborhood. Neighbors cannot wait for the new owner!!! Total projected gross income(PGI):$107,214, Total effective gross income(EGI):$65,214, Total gross expenses(GE): $26,885, and Total Net operating income(NOI): $80,329. Cap rate= 7.7%. Very positive cash flow!!! Pre-approval letter or proof of funds required prior to showing. Continue reading

MLS#

487276

Property Type

Mixed Use

Year Built

1931

Square Feet

3,200 sq. ft

Lot Size

0.05

Stories

2.0