LIST#1010 *HUGE LAUNDROMAT*

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Queen , NY 11429

SOLD!
Price: $1,800,000

Year built: 2004
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Asking $1,8 million, Lease from July/2004 for 20 years,  current year 2010 rent $9,934.00 monthly, 2.5% increase each year.

Machines Washer-Speed Queen 20lbs 30 units($2.25)

                                                    30Lbs 12units($3.75)

                                                     40lbs 12 units($4.30)

                                                     60lbs 6 units($5.50)            Total 60 Washers

                 Dryer-Continental         30lbs 60Units($0.30/8min)

                                                      55lbs 4 units(0.36/6min)     Total 64 Dryers

                                                        

                                                      Washer& Fold: $0.75/lb ($8.00/6lb min)

Boiler: NATCO  500,000 btu X2 units

Weekly Sales : Coins          $12,600.00

                        dropoff        $3,000.00

                         detergent   $1,035.00               Total$16,635.00

 

 

Rental Income: $6,375.00/monthly

Monthly expense:      Rent & Tax          $11,275

                                   Electricity           $3,920

                                   Gas                    $4,550

                                   Water & sewer  $7,320

                                   detergent           $3,300         Total $30,365.00 plus labor

 


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