Check Availability
$300,000
↓ $150K (33.3%)
House - For Sale

2200 Seward Avenue

Bronx, NY 10473
bedrooms
Studio
bathrooms
0 Bath
$1,474
Estimated Monthly

About This Property

Number of Machines: 24 Washers, 23 Dryers | 47 Total  Years in Business: Laundromat since 1993 (CHL open 1 year)  Sqft: 2,000  Years Remaining on Lease: 9 years (Signed a 10 year lease with 5 year option)  Annual Lease Increase: 3% increase in the first 5 years, 4% increase in the last 5 years  Cost of Equipment: $350,000  Monthly Expenses  Rent: $3,296  Water: $900  Electricity/Gas: $1,000  Insurance: $1,000  Internet/Phone: $165  Trash Fee: $109  Supplies: $500  Payroll: $5,000  Monthly Income  Self-Service: $8,000  Wash & Fold + Delivery: $6,000  Product Sales: $500  Total Expenses: $12,000  Total Income: $14,500  Asking Price: $450,000  Terms: Cash deal, sold as is  Highlights:  ? Branded delivery app listed on App Store and Google Play offering lowest price per  pound in NYC for delivery  ? App shows how many machines are available so self-service customers can view how  busy we are before entering store    ? Doors open remotely at 6am every day so staff does not need to be there to open for  self-service  ? Highest rated laundromat in Castle Hill Area with 4.9 stars and 85+ reviews on Google  ? Lowest priced laundromat in Castle Hill Area (5 other laundromats within 1 mile that are  on average 15% more expensive on washer/dryer pricing  ? Robust social media presence with website, mailchimp integration, and Google Ad  campaigns  ? Parking lot available with 2 entrances into the location  ? Physical staff of 6 along with 2 virtual assistants to help run delivery business and 1  marketing virtual assistant
Unit Size
-
Days on Market
23 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1961

Listed By

Noel Cohen
Cohen and Cohen Consulting
Last updated: 16 days ago (OneKey MLS #ONEH6306807)

Price History

Date / Event Date Event Price
May 20, 2024 Price Decreased $300,000
↓ $150K (33.3%)
Price Decreased
May 13, 2024 Listed by Cohen and Cohen Consulting $450,000
Listed by Cohen and Cohen Consulting

Property Highlights

Exterior Details

Property Information

Square Footage : 1800
Property Type: Business Opportunity
Property Sub Type: Mixed Use

Building Information

Building Area Units: Square Feet
Utilities Details
Cooling: None

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
-
$430,000 Aug 29, 2022
$430,000 Dec 22, 2022
$345/mo
House
3 Beds
2 Baths
-
$450,000 Feb 28, 2019
$450,000 Aug 9, 2019
$323/mo
House
3 Beds
3 Baths
-
$475,000 Mar 21, 2019
$475,000 Sep 25, 2019
$384/mo
House
3 Beds
2 Baths
-
$464,000 Mar 25, 2019
$464,000 Oct 28, 2019
$374/mo
House
3 Beds
2 Baths
-
$500,000 Oct 5, 2020
$500,000 Jan 1, 2021
$381/mo
Townhouse
3 Beds
1 Bath
-
$393,000 Aug 31, 2019
$393,000 Jan 13, 2020
$344/mo
House
4 Beds
3 Baths
-
$439,000 Feb 1, 2024
-
$375/mo
House
4 Beds
4 Baths
-
$488,888 Mar 5, 2024
-
$142/mo
In Contract
House
3 Beds
3 Baths
-
$489,000 Oct 12, 2023
-
$262/mo
House
3 Beds
3 Baths
-
$499,998 Jul 28, 2023
-
$229/mo
House
3 Beds
1 Bath
-
$529,000 Feb 29, 2024
-
$345/mo
House
3 Beds
1 Bath
-
$525,000 May 6, 2024
-
$185/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

2200 Seward Avenue 2200 Seward Avenue, Bronx, NY 10473
  • 7 Units
  • 1 Unit for Sale
More about this Building
2200 Seward Avenue
Want to find out who owns 2200 Seward Avenue, Bronx, NY 10473? Get detailed property transactions here .

About East Bronx


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