HS Listing ID-69690
7% Cap rate + massive air rights upside 4×cash flow very busy downtown
Manhattan absentee-run laundromat.
This is a rare opportunity to acquire a high-volume, absentee-operated laundromat combined with a cash-flowing mixed-use building in Downtown Manhattan featuring significant unused air rights for vertical expansion. The asset produces strong in-place income while offering long-term development upside in one of the most supply-constrained real estate markets in the world.
Laundromat (4× Cash Flow) $1,280,000
Building (7% Cap Rate) $4,550,000
Total Combined Offering $5,830,000
A signed confidentiality agreement is required for the exact location
