Auto Shop with Spray
For Sale
$2,100,000
1794 E 49th Street, Brooklyn, NY 11234
Commercial, Brooklyn, NY
Property Size4,000 SF
Lot Size0.09 Acres
Price / SF$525
Days on Market195
Property Features for 1794 E 49th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c8-1
Subdivision
Old Mill Basin
Standard status
Active
Size
4,000 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
20000
Amenities
roll up gate
private office
new rubber roof
new electric
new heat
new drainage
Building Details
Number of units
1
Flooring type
Concrete
Building materials
Block, Brick
Roof type
Rubber
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Kevin Stile
(718) 763-4110
Added: Feb 27
Changed: Aug 27
Last Checked: Sep 10 at 8:06AM
MLS# 499227
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,000-square-foot auto shop includes a frame machine, vehicle lift, large spray booth, roll-up gate, and a dedicated owner’s office. The facility has concrete flooring, block and brick construction, and a rubber roof. Ceiling height measures 16 feet in the front portion and 18 feet toward the rear, providing functional clearance for automotive work. Recent improvements include electrical and heating systems, roof work, and drainage upgrades.
The sale includes the operating collision business along with two tow trucks. Existing relationships include bus-company contracts, and the operation participates in the DARP program. The property is identified as c8-1 zoning and is located in Brooklyn, New York.
The sale includes the operating collision business along with two tow trucks. Existing relationships include bus-company contracts, and the operation participates in the DARP program. The property is identified as c8-1 zoning and is located in Brooklyn, New York.
Key Highlights
- 4,000‑square‑foot garage with 16‑foot front and 18‑foot rear ceiling heights
- Frame machine, vehicle lift, large spray booth, roll‑up gate, and owner’s office
- Two tow trucks included with the business and building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$191,818
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,836,360
$3.8M
Cap Rate 7%
$2,740,257
$2.7M
Cap Rate 9%
$2,131,311
$2.1M
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$311.0K $77.76/SF
− Vacancy
−$37.0K −$9.25/SF
EGI
$274.0K $68.51/SF
− OpEx
−$82.2K −$20.55/SF
NOI
$191.8K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,836,360
Cap Rate 7%
$2,740,257
Cap Rate 9%
$2,131,311
Alternative Uses
Best Use
Retail
$2.74M
$2.40M – $3.20M
NOI $191,818 @ 7.0% cap · market cap 9.13%
Second Best
Industrial
$1.02M
$889.5K – $1.19M
NOI $71,161 @ 7.0% cap · market cap 3.39%
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,964
Businesses Nearby
152k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 65%
Shops & Services 34%
Home Improvements & Furnishings 1%
ShopRite
Groceries
98,156 visits/mo
0.2 miles
Chase Bank
Shops & Services
17,965 visits/mo
0.3 miles
Bank of America
Shops & Services
17,802 visits/mo
0.2 miles
Webster Bank
Shops & Services
7,940 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
5,569 visits/mo
0.3 miles
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Auto shop - Established collision operation with specialized equipment, contracted bus-company work, and two tow trucks included.
Where is this auto shop located?
The property is located at 1794 E 49th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 4,000‑square‑foot garage with 16‑foot front and 18‑foot rear ceiling heights; Frame machine, vehicle lift, large spray booth, roll‑up gate, and owner’s office; Two tow trucks included with the business and building
