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Map
$300,000
↓ $150K (33.3%)
●
House -
For Sale
2200 Seward Avenue
Bronx, NY 10473
Studio
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
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
Location Details
Directions: Waze
County or Parish: Bronx
Other Details
Selling Agency Compensation: 2%
On Market Date: 2024-05-13
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
3
Beds
2
Baths
-
$450,000
Feb 28, 2019
$450,000
Aug 9, 2019
$323/mo
Townhouse
3
Beds
1
Bath
-
$393,000
Aug 31, 2019
$393,000
Jan 13, 2020
$344/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