Brooklyn Garage Space For
For Sale
$1,250,000
Pending
9530 Ditmas Ave, Brooklyn, NY 11236
Garage space/store front on a 40X100 lot.
Property Size3,160 SF
Lot Size0.09 Acres
Days on Market153
Property Features for 9530 Ditmas Ave
General Information
Standard status
Pending
Size
3,160 SF
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,402
Building Details
Building Size
3,160 SF
Year Built
1948
Stories
1
Listing Agency:
Excell Choice Realty
(646) 286-2776
Listed By:
Kwesi Cunningham
(646) 286-2776
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
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 Excell Choice Realty
Investment Insights
Based on property information with market context.
This garage space and storefront, currently operating as a car mechanic shop, is situated on a 40x100 lot and features a 39.5x80 building. The property is zoned M1-1 (Manufacturing). It is located near L trains, restaurants, and stores.
Key Highlights
- Zoned M1‑1 (Manufacturing) offering diverse usage possibilities.
- Substantial building size of 39.5X80 on a 40X100 lot.
- Currently operating as a car mechanic shop, presenting immediate business potential.
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
$56,217
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
4.50%
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%
$1,124,340
$1.1M
Cap Rate 7%
$803,100
$803.1K
Cap Rate 9%
$624,633
$624.6K
Market Conditions
NOI Build-Up for 3,160 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
$84.2K $26.64/SF
− Vacancy
−$3.9K −$1.23/SF
EGI
$80.3K $25.41/SF
− OpEx
−$24.1K −$7.62/SF
NOI
$56.2K $17.79/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /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%
$1,124,340
Cap Rate 7%
$803,100
Cap Rate 9%
$624,633
Alternative Uses
Best Use
Retail
$2.16M
$1.89M – $2.53M
NOI $151,537 @ 7.0% cap · market cap 12.12%
Second Best
Industrial
$803.1K
$702.7K – $937.0K
NOI $56,217 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.05M
NOI $183,154 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,751
Businesses Nearby
336k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Superstores 36%
Dining 16%
Groceries 6%
BJ's Wholesale Club
Superstores
120,868 visits/mo
0.5 miles
Dollar Tree
Shops & Services
35,330 visits/mo
0.4 miles
Wendy's
Dining
24,532 visits/mo
0.3 miles
Mobil
Shops & Services
18,336 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,059 visits/mo
0.5 miles
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mechanical Work Tire Shop — Brooklyn, NY 11203
- Fame Auto Group — 599 a E 56th St, Brooklyn, NY 11203
- Metropolitan Repair Center Inc — 5811 foster ave, brooklyn, ny 11234
- Foster Ave Tires & Wheels — 5880 Foster Ave, Brooklyn, NY 11234
- Sundy's Tires — Preston Ct, Brooklyn, NY 11234
Frequently Asked Questions
What type of property is this?
Auto shop - Garage space/store front on a 40X100 lot.
Where is this auto shop located?
The property is located at 9530 Ditmas Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Zoned M1‑1 (Manufacturing) offering diverse usage possibilities.; Substantial building size of 39.5X80 on a 40X100 lot.; Currently operating as a car mechanic shop, presenting immediate business potential.
