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4204 Avenue J, Brooklyn, NY 11210

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For Sale

$1,349,999

3,200 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $421.87
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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):$44,400/year plus a small/bonus professional office (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):$109,614, Current gross income(EGI):$65,214, Total gross expenses(GE): $26,885, and Total Net operating income(NOI): $82,729. Cap rate= 6.13%. Very positive cash flow!!! Pre-approval letter or proof of funds required prior to showing.
MLS# 487276

Courtesy Of How to Sell Realty

(718) 377-3795

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood, Laminate
  • Heating System
    Radiator, Steam
  • Lot Size
    0.05 Acres

Map and Directions

Directions to 4204 Avenue J, Brooklyn, NY 11210

Home seller CENTURY 21 MK Realty

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CENTURY 21 MK Realty

(718) 627-7390
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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