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Key Details
Sold Price $2,900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 11,135 sqft
Price per Sqft $260
MLS Listing ID KEYL3457996
Sold Date 05/01/24
Originating Board onekey2
Rental Info No
Annual Tax Amount $46,117
Property Description
Two tenants currently occupy the building, a laundromat and the United Adult Day Care inc. The purchase of the property will include the laundromat business, The laundromat has been running for 13 years, and has 150 European laundry machines made by the brand Huebsch?, that's over $300,000 worth of equipment. Before COVID-19 & restrictions, the business was making over $600K annual. But because of the owner not being present, the business gross was lowered. The Adult Day Care inc. - senior center - currently occupies 4033 SF of a recently remodeled office space which features private offices, two multi unit bathrooms, a handicap bathroom, yoga room, kitchen area, open area, and 5 exits. They are currently on a lease that ends in 2028, with a rent of $5150 monthly, with 3% annual plus the tax increase from 2019, total annual income received is approx. $62,834.55. Tenant also contributes to all utilities, Building Size:8200
Location
State NY
County Queens
Interior
Heating Natural Gas
Fireplace No
Exterior
Private Pool No
Schools
School District Queens 27
Others
Special Listing Condition None
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Bought with Douglas Elliman Real Estate