355 New

East New York

$2,250,000
Price
Beds
5,257 Sq. Ft.
$428 / Sq. Ft.
5,257
Sq. Ft.
$428
per Sq. Ft.

Description

Great Lucrative Investment Opportunity in Brooklyn, NY! This Mixed-Use property includes a well-established laundromat business on the first floor and a residential apartment building with four units on the 2nd & 3rd floors. The property offers a 13% CAP RATE with an absentee owner. The rental income from 2nd & 3rd floor is $7,000 monthly. The laundromat has 29 washers, 32 dryers, and generates a Gross Revenue of $456,000/year. The building size includes a basement, first floor (Laundromat), second...Great Lucrative Investment Opportunity in Brooklyn, NY! This Mixed-Use property includes a well-established laundromat business on the first floor and a residential apartment building with four units on the 2nd & 3rd floors. The property offers a 13% CAP RATE with an absentee owner. The rental income from 2nd & 3rd floor is $7,000 monthly. The laundromat has 29 washers, 32 dryers, and generates a Gross Revenue of $456,000/year. The building size includes a basement, first floor (Laundromat), second floor, and third floor. With approximately 5257 Sqft, the property is located in the dynamic commercial hub of Brooklyn. Basement: 20.50 x 55 First Floor (Laundromat): 20.50 x 92.33 Second Floor: 20.50 x 55 Third Floor: 20.50 x 55
  1. Listed by MeiJuan (Mandy) Jiang • Ashford Homes LLC

Amenities

  • Dryer
  • Washer
  • Basement
  • Parking Included
  • Private Outdoor Space

Location

Listing Courtesy of Ashford Homes LLC
Add your commute
LISTING UPDATED: 05/20/2024 09:40 AM

Property Details for 355 New

StatusActive
MLS ID482197
Days on Market16
Taxes$11,108 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1930
Lot Size1,893 SF
CountyKings County

Location

Listing Courtesy of Ashford Homes LLC
Add your commute

Building Information for 355 New

Stories3Residences-Year Built1930Lot Size1,893 SFBuilding Age-Building Type-

Payment Calculator

$13,205 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$926

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 355 New

Summary
Location and General Information
  • Block: 3839
  • Number Of Stories: 1
  • Cross Street Name: Pennsylvania Ave
  • Cross Street Name: Sheffield Ave
  • Zoning: R6, C1-3
  • Roof: Flat
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 11108.0
  • Gross Income: $540,000.00
Property
Lot Information
  • Sq Ft Total: 5257
  • Yard: Back
  • Lot Number: 53
  • Lot Size Irregular YN: No
  • Lot Size Length: 92
  • Lot Size Width: 21
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • AC Units: 5+
  • Hot Water: Gas
  • Utility Expense: 22800.0
  • Fuel Expense: 24000.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Commercial Features Interior: None
  • Foundation Details: Block
  • Flooring: Hardwood, Tile
  • Unit Count: 5
  • Lavatories: None
  • Construction Materials: Brick
  • Electric: 200 Amp, Circuit Breakers
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
Multi Family
Multi-Family Information
  • Building Type: Attached
Unit 1
  • Unit Baths Half: 1.0
  • Unit Category: Store
  • Unit Room Description: BUILDING SELL WITH LAUNDROMAT BUSINESS
  • Unit Electric Expense: 22800.0
  • Unit Floor: 1FL
  • Unit Heat Expense: 24000.0
  • Unit Status: Owner Occupied
  • Unit Unit Type: Laundrymat
  • Unit Water Sewer Expense: 35000.0
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2000.0
  • Unit Floor: 1R
  • Unit Rooms Total: 3
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1500.0
  • Unit Floor: 1F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2000.0
  • Unit Floor: 2R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1500.0
  • Unit Floor: 2F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 17000.0
  • Owner Occupied: Yes

Property History for 355 New

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 355 New

This home is within Nyc Geog District #19 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 149 Danny Kaye
PublicPK to 5

Jhs 292 Margaret S Douglas
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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355 New is a mixed use property for sale in East New York. This property was listed for sale on May 17, 2024 by Ashford Homes LLC, it's currently listed at $2,250,000. This listing's school district is Nyc Geog District #19 - Brooklyn. Nearby schools include P.S. 149 Danny Kaye, Jhs 292 Margaret S Douglas and W H Maxwell Career and Technical Education High School. 355 New is a 0-bed, 0-bath, 5,257 sqft mixed use property built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ashford Homes LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.