661 Central Ave 6,221 SF 100% Leased Retail Building Brooklyn, NY 11207 $2,199,999 ($353.64/SF) 8.23% Cap Rate

Free-market mixed-use corner building consisting of 2 commercial units plus 4 residential units. The sale includes the operating laundromat business in the front commercial space together with all laundromat machines, which are owned outright and included in the purchase price. Laundromat operates daily from 6:00 AM to 10:00 PM. Seller reports laundromat income of approximately $19,000/month, including self-service revenue of approximately $2,500/week and drop-off revenue of approximately $300/day, with no pickup service currently offered. Seller reports laundromat expenses of approximately $12,750/month, including building water at approximately $9,000 every 3 months, laundromat gas at approximately $1,800/month, folding attendant labor at approximately $175/day, and current rent allocated to the laundromat at $2,700/month.
Property offers strong existing cash flow plus meaningful upside through lease-up, renovation, and potential new CofO configuration. Current NOI is approximately $181,060, with higher projected returns under as-is, renovated, and renovated plus new CofO scenarios. Existing configuration is 2 commercial + 4 residential, with projected future potential for 2 commercial + 5 residential subject to approvals/new CofO.
Asking price: $2,399,999.