Listing Snapshot
- Industry: Laundromat / Coin Laundry + Residential Income
- Location: Queens, NY
- Asking price: $3,500,000
- Real estate: Property included in sale
- Equipment: 60 machines — approximately 3 years old
- Upper units: Two 4-bedroom apartments above the laundry
- Ideal buyer: Laundromat operator, NYC mixed-use investor, or buyer seeking business + real estate in one transaction
- Advisor: Jason Taken — HedgeStone Business Advisors
HedgeStone Business Advisors has listed a laundromat for sale in Queens, New York — a rare business-plus-real-estate opportunity in one of the most supply-constrained markets in the country. The sale includes the property itself, a modern 60-machine coin laundry with equipment that is only three years old, and two 4-bedroom apartments on the upper floors.
At an asking price of $3,500,000, this listing speaks to a specific buyer profile: operators and investors who want to own the dirt, not just the lease. In Queens, where commercial rents climb and landlord risk is real, acquiring the building alongside a cash-flowing laundromat removes a major variable from the investment thesis — and adds residential rental income from two sizable units above the store.
Laundromats are one of the most durable small-business models in dense urban markets. Essential service, repeat local traffic, and relatively low labor intensity when systems are dialed in. Pair that with newer equipment — machines that are only three years into their useful life — and a buyer inherits a physical plant positioned for years of operation without the capital shock of a full machine replacement cycle.
The Opportunity
The 60-machine count signals a full-scale operation, not a side-street pocket laundry. Scale matters in coin laundry: more turns per day, better amortization of fixed costs, and stronger cash flow to support debt service on a $3.5M acquisition. Buyers underwriting this deal will want to understand the washer/dryer mix, vend pricing, and utility structure — all available to qualified inquiries under confidentiality.
Property ownership is the headline differentiator. Many laundromat listings are leasehold — the operator owns the business but rents the space. Here, the acquirer owns the asset stack: land and building, commercial laundry operation, and residential units above. That blended income stream — coin revenue plus apartment rent — is exactly the kind of mixed-use profile NYC investors hunt for when they want diversification inside a single deed.
The two 4-bedroom apartments above add meaningful upside. In Queens, large-format residential units command strong rents, especially in neighborhoods where housing supply is tight. Whether the buyer operates the units as long-term rentals or explores other strategies, the residential component provides a stabilizing income layer alongside the laundromat's daily coin and card revenue.
Equipment age matters. Machines that are only three years old mean the incoming owner is not inheriting deferred maintenance or an imminent six-figure retool. Modern washers and dryers also tend to run more efficiently on water and energy — a real operating advantage in a utility-intensive business where every percentage point of margin counts.
Ideal acquirers include experienced laundromat operators expanding in New York City, mixed-use real estate investors who want an operating business anchoring the commercial floor, and portfolio buyers seeking business + property in a single closing rather than negotiating separate asset purchases.
What to Know About Laundromat Acquisitions
Why buyers pursue this sector
- Essential, recession-resilient service — People always need to wash clothes; laundromats capture non-discretionary spending in dense neighborhoods.
- Semi-absentee potential — Well-run coin laundries with card systems and reliable attendants or remote monitoring can operate without daily owner presence.
- Property ownership upside — Owning the real estate eliminates lease risk and builds long-term equity alongside operating cash flow.
- Blended income streams — Mixed-use assets with residential units above commercial reduce reliance on a single revenue source.
Key metrics to diligence
- Turns per day per machine — The core productivity metric; verify against utility bills and gross coin/card collections.
- Utility costs as % of revenue — Water, gas, and electric are the largest variable costs in laundry operations; newer equipment should show efficiency gains.
- Washer/dryer mix — Balance of load sizes and pricing tiers affects average ticket and throughput.
- Card vs. coin collection — Modern card systems reduce shrinkage and enable remote monitoring; understand the payment infrastructure.
- Residential rent roll — Current leases, market rents, and condition of the two 4-bedroom units above.
- Property condition — Building systems, roof, plumbing, and any shared infrastructure between commercial and residential floors.
Value drivers & typical valuation
- Business + real estate — Combined-asset sales are often underwritten on total cash flow (laundry SDE plus net operating income from apartments) relative to asking price.
- Equipment age — Three-year-old machines reduce near-term capex and support lender comfort on SBA or conventional financing.
- Machine count — 60 units provide scale that smaller laundromats cannot match in a Queens density market.
- Location density — Foot traffic, renter-occupancy rates, and competition radius drive turns per day.
- Residential component — Two 4-bedroom units add appraised value and income diversification beyond the laundry alone.
Operator playbook
- Protect uptime — Machine availability drives revenue; maintain aggressive repair cycles and spare-parts inventory from day one.
- Optimize vend pricing — Small price adjustments across 60 machines compound quickly; benchmark against local competitors.
- Monitor utilities weekly — A spike in water or gas often signals a leak, inefficient cycle, or equipment issue before it hits the P&L hard.
- Maximize residential income — Keep the upper units leased at market, maintain the apartments well, and treat them as a core part of the asset — not an afterthought.
Jason Taken of HedgeStone Business Advisors is representing this opportunity. All inquiries are handled confidentially — qualified buyers will receive additional details upon request.
Inquire with Jason Taken
Schedule a confidential call to discuss this opportunity, or reach out directly. Serious inquiries only.
This is not an offer to sell securities or a solicitation to buy. Information is for qualified prospective buyers only and does not constitute financial, legal, or tax advice. Financial details are available to qualified inquiries under confidentiality.