4-Bay Auto
For Sale
$1,400,000
120 South 2nd, New Hyde Park, NY 11040
Collision and mechanical work areas are complemented by office space, basement storage, and two restrooms.
Property Size3,036 SF
Price / SF$461.13
Days on Market139
Property Features for 120 South 2nd
General Information
Standard status
Active
Size
3,036 SF
Property subtype
Commercial
Automotive
Service Bays
4
Automotive Uses
auto repair, collision/body shop
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$20,183
Amenities
basement
restrooms
private office entrance
Building Details
Building Size
3,036 SF
Buildings
1
Listing Agency:
Keller Williams Points North
(516) 865-1800
Listed By:
Frederick Blustein · License #10401286118
(516) 974-4265
Source:
Croninreale
Added: Jun 8
Changed: Oct 23
Last Checked: Oct 23 at 9:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Points North
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,036-square-foot automotive property in New Hyde Park is configured for collision and mechanical operations. The shop has two mechanical bays and a separate collision area with two bays and two overhead doors. A full basement provides storage, while office space has its own private entrance. The building also contains two restrooms.
Key Highlights
- 3,036‑square‑foot automotive property in New Hyde Park
- Two mechanical bays and two collision bays
- Two overhead doors in the collision area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,122
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,440
$1.2M
Cap Rate 7%
$858,886
$858.9K
Cap Rate 9%
$668,022
$668.0K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$91.1K $30.00/SF
− Vacancy
−$5.2K −$1.71/SF
EGI
$85.9K $28.29/SF
− OpEx
−$25.8K −$8.49/SF
NOI
$60.1K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,440
Cap Rate 7%
$858,886
Cap Rate 9%
$668,022
Alternative Uses
Best Use
Retail
$858.9K
$751.5K – $1.00M
NOI $60,122 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$620.7K
$543.1K – $724.2K
NOI $43,449 @ 7.0% cap · market cap 3.10%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,514 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
137k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Groceries 22%
Office Supplies 11%
Dining 10%
Lidl
Groceries
30,920 visits/mo
0.4 miles
Staples
Office Supplies
14,566 visits/mo
0.2 miles
TD Bank
Shops & Services
14,008 visits/mo
0.5 miles
Chase Bank
Shops & Services
11,832 visits/mo
0.3 miles
7-Eleven
Shops & Services
11,436 visits/mo
0.4 miles
Demographics for 11040, NY
43,075
Population
14,608
Households
2.9
Avg Household Size
45
Median Age
56%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
8,974
Density / Sq Mi
$153,511
Median Household Income
$70,649
Median Earnings
$2,388
Median Rent
$795,300
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
Similar Off Market Nearby
- Burnham's Shop — 44 Nassau Terminal Rd, New Hyde Park, NY 11040
- Sambucci Bros Auto Salvage — 1 Denton Ave S, Garden City Park, NY 11040
- K A W Auto Repair — 1 Denton Ave, Garden City Park, NY 11040
- Alfredo The Mechanic Inc Auto Repair — New Hyde Park, NY 11040
- A-Spec Performance — 50 Nassau Terminal Rd, New Hyde Park, NY 11040
Frequently Asked Questions
What type of property is this?
Auto shop - Collision and mechanical work areas are complemented by office space, basement storage, and two restrooms.
Where is this auto shop located?
The property is located at 120 South 2nd New Hyde Park, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3,036‑square‑foot automotive property in New Hyde Park; Two mechanical bays and two collision bays; Two overhead doors in the collision area
