Laundromat business for sale in College Point. The storefront spans 2,500 square feet and is equipped with 30 new washing machines and 32 new dryers. Current average monthly revenue is $32,000 (including $9,000 from drop-off laundry services, excluding pickup/no delivery). The monthly rent is $6,500, with 16 years remaining on the lease. Average monthly water costs are $2,700, while electricity and gas average $4,000. Annual insurance is $2,600. The premises feature a backyard with excellent ventilation. Located in the absolute heart of College Point—a vibrant residential and commercial district—the shop benefits from a bus stop right at its doorstep and is surrounded by a diverse array of businesses, including supermarkets and major chain stores.
College Point, NY, 11356
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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