A laundromat at 75 Ralph Avenue has sold for $4,300,000 to an LLC in an all-cash deal, according to public records. DNAinfo, which was the first to write about the sale, said it indicates the east side of Bed Stuy is gentrifying.
The new owner, Solomon Feder, plans to tear down the laundromat and put up a six-story, 57-unit apartment building, according to an application for a new building permit he filed in April before the deal closed. The permit was disapproved.
The architect is Charles Mallea, and the asking price was $3.9 million, as New York YIMBY noted in April. Massey Knakal brokered the deal.
The laundromat closed a few months ago “and now it’s basically a garbage-strewn parking lot,” a neighbor told us. “It’s kind of a major loss since it was by far the biggest and nicest laundromat around.”