$1,369,999
Calculate Payment
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
Views
Saves
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
Receive an email as soon as the price changes
Receive an email
as soon as the price changesGet Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Get prequalified today and learn more.
Nearby Homes For Sale
Just Listed
And
Homes Available
In