Auto Repair Shop with
169 Remsen Avenue, Brooklyn, NY 11212
For Sale
$1,999,999
The sale includes the operating business, FF&E and clientele, with delivery planned vacant.
Property Size2,880 SF
Price / SF$694.44
Days on Market46
Property Features for 169 Remsen Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Business Included
Automotive Uses
Real Estate Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Keller Williams Legendary
(516) 328-8600
Listed By:
Jeremy M. Ogur · License #1040135971,NEWYORK
(516) 647-1782
Source:
Adamstreetrealty
Added: Sep 23
Changed: Nov 7
Last Checked: Nov 7 at 9:26AM
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 Legendary
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,880-square-foot auto repair property dates to 1931. The sale includes the associated business, furniture, fixtures and equipment, and clientele. The property is to be delivered vacant.
Key Highlights
- 2,880‑square‑foot auto repair property built in 1931
- Sale includes the auto repair business, FF&E, and clientele
- Property to be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,109
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,762,180
$2.8M
Cap Rate 7%
$1,972,986
$2.0M
Cap Rate 9%
$1,534,544
$1.5M
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$223.9K $77.76/SF
− Vacancy
−$26.6K −$9.25/SF
EGI
$197.3K $68.51/SF
− OpEx
−$59.2K −$20.55/SF
NOI
$138.1K $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 Rate 5%
$2,762,180
Cap Rate 7%
$1,972,986
Cap Rate 9%
$1,534,544
Alternative Uses
Best Use
Retail
$1.97M
$1.73M – $2.30M
NOI $138,109 @ 7.0% cap · market cap 6.91%
Second Best
Industrial
$731.9K
$640.5K – $853.9K
NOI $51,236 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,925 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,778
Businesses Nearby
226k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 36%
Groceries 12%
Home Improvements & Furnishings 3%
Wendy's
Dining
22,854 visits/mo
0.2 miles
Dollar Tree
Shops & Services
20,615 visits/mo
0.4 miles
Shell
Shops & Services
19,041 visits/mo
0.4 miles
White Castle
Dining
16,363 visits/mo
0.3 miles
KFC
Dining
16,352 visits/mo
0.2 miles
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Brooklyn, NY
Properties on Market for Auto shops in Brooklyn
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- precision worxs — 851 Utica Ave, Brooklyn, NY 11203
- PAYLESS TIRES #2 — 5702 Church Ave, Brooklyn, NY 11203
- Payless tires — 5702 church ave, brooklyn, ny 11203
- DUBAI TINT — 5402 Church Ave, Brooklyn, NY 11203
- Meineke Car Care Center — 8914 Church Ave, Brooklyn, NY 11236
Frequently Asked Questions
What type of property is this?
Auto shop - The sale includes the operating business, FF&E and clientele, with delivery planned vacant.
Where is this auto shop located?
The property is located at 169 Remsen Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 2,880‑square‑foot auto repair property built in 1931; Sale includes the auto repair business, FF&E, and clientele; Property to be delivered vacant
