See Home Value
$194,766*
Commercial - Off Market

1655 Nostrand Avenue

Brooklyn, NY 11226
bedrooms
Studio
bathrooms
0 Bath
square feet
1800 Sqft
$162,000 - $198,000
Reference Base Price*
8.20%
Since Feb 1, 2023
NY-New York
Primary Model

About This Property

Profitable Laundromat in Brooklyn for Sale   that yield 6% ReturnProfitable Brooklyn Laundromat located in a busy developing community only doing Self-service, wash & fold.No pickup & delivery service.- 1200 sf and 450sf basement- 20 washers (4 years old Dexter)- 20 dryers (7years old Dexter)- Open 6 days from 7am -8pm (closed Tuesday)- 25% wash and fold- 75% walk-in- small office counterGross Revenue: $168,000   Net Income: $115,200.00Expense:Water: $2100/monthGas: $900/monthElectric: $600/monthRent: $2550/month (including property tax) 9.5 years left, with 3% increase

The manager has listed the unit size as 1800 square feet.
Unit Size
1,800Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$100
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1931

Price History

Date / Event Date Event Price
Jan 23, 2023 No longer available -
No longer available
Oct 24, 2022 Price Increased $180,000
↑ $30K (20%)
Price Increased
Oct 22, 2022 Listed $150,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Co-op
2 Beds
1 Bath
1,150 ft²
$143/ft²
$164,000 Jan 27, 2012
$164,000 Dec 1, 2014
$878/mo
Co-op
1 Bed
1 Bath
800 ft²
$236/ft²
$189,000 Apr 15, 2016
$189,000 Mar 13, 2017
$702/mo
Co-op
1 Bed
1 Bath
-
$209,000 Aug 29, 2016
$209,000 Jan 20, 2017
$588/mo
Co-op
1 Bed
1 Bath
-
$140,000 Sep 19, 2014
$140,000 Mar 23, 2015
$594/mo
Commercial
Loft
-
-
$200,000 Mar 18, 2024
-
-
Co-op
Stu
1 Bath
-
$179,000 Mar 5, 2024
-
$597/mo
Co-op
Stu
1 Bath
-
$179,000 Dec 7, 2023
-
$394/mo
Co-op
Stu
1 Bath
-
$179,000 May 31, 2023
-
$453/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221022
10/22/2022
Loft
-
1800 ft²
$150,000
bedrooms
Loft
bathrooms
-
square feet
1800 ft²
-
-
-
MeiJuan (Mandy) Jiang
Momentum Real Estate LLC
20211119
11/19/2021
Loft
-
-
$1,350,000
bedrooms
Loft
bathrooms
-
-
-
-
Zhongzh Chen
E House Realty & Mgt. Inc.

Building Info

1655 Nostrand Avenue 1655 Nostrand Avenue, Brooklyn, NY 11226
  • 5 Units
  • 1 Unit for Sale
More about this Building
1655 Nostrand Avenue
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