Established Mechanic Shop
For Sale
$1,049,000
1286 Utica Avenue, Brooklyn, NY 11203
COMMERCIAL - Brooklyn, NY
Property Size1,200 SF
Lot Size0.05 Acres
Price / SF$874.17
Days on Market342
Property Features for 1286 Utica Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C8-1
Subdivision
East Flatbush
Standard status
Active
Size
1,200 SF
Lot size
0.05 Acres
Building Details
Year built
1953
Floors in Building
1
Number of units
1
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Vito Angelo · License #40AN0957928
(718) 532-2000
Added: Sep 15, 2025
Changed: Aug 4
Last Checked: Aug 22 at 1:06AM
MLS# 495725
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 property features an established mechanic shop business and building. The ground floor property presents an opportunity for an end-user or investor to own property on Utica Avenue. The business includes all accounts and equipment and has over 35 years of reviews. The property is zoned C8-1 and has a property size of 1200 square feet and a lot size of 0.0459 acres.
Key Highlights
- Turn‑key mechanic shop business and building included in sale
- Established business with over 35 years of operation
- Includes all accounts and equipment
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
$57,546
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
5.49%
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%
$1,150,920
$1.2M
Cap Rate 7%
$822,086
$822.1K
Cap Rate 9%
$639,400
$639.4K
Market Conditions
NOI Build-Up for 1,200 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
$93.3K $77.76/SF
− Vacancy
−$11.1K −$9.25/SF
EGI
$82.2K $68.51/SF
− OpEx
−$24.7K −$20.55/SF
NOI
$57.5K $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%
$1,150,920
Cap Rate 7%
$822,086
Cap Rate 9%
$639,400
Alternative Uses
Best Use
Retail
$822.1K
$719.3K – $959.1K
NOI $57,546 @ 7.0% cap · market cap 5.49%
Second Best
Industrial
$305.0K
$266.9K – $355.8K
NOI $21,348 @ 7.0% cap · market cap 2.04%
Theoretical Best
Specialty Retail
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,828
Businesses Nearby
164k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 47%
Electronics 2%
Groceries 2%
Wendy's
Dining
25,381 visits/mo
0.5 miles
KFC
Dining
18,966 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
16,501 visits/mo
0.5 miles
BP
Shops & Services
14,999 visits/mo
0.4 miles
Shell
Shops & Services
13,843 visits/mo
0.4 miles
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Brooklyn Auto Collision — 1684 Utica Ave, Brooklyn, NY 11234
- A&M Express Mobile Tire Shop — 1714 Utica Ave, Brooklyn, NY 11234
- Brooklyn Car Audio — 1683 Utica Ave, Brooklyn, NY 11234
- Utica Tire Shop — 1714 Utica Ave, Brooklyn, NY 11234
- A n S Automotive — 925 E 57th St, Brooklyn, NY 11234
Frequently Asked Questions
What type of property is this?
Auto shop - Turn-key mechanic shop business and building on Utica Avenue.
Where is this auto shop located?
The property is located at 1286 Utica Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Turn‑key mechanic shop business and building included in sale; Established business with over 35 years of operation; Includes all accounts and equipment
