Automotive 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 Market176
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
frame machine
vehicle lift
spray booth
roll up gate
private office
2 tow trucks
new rubber roof
new electric and heat
new drainage
16 ft ceiling height (front)
18 ft ceiling height (rear)
Building Details
Number of units
1
Flooring type
Concrete
Building materials
Block, Brick
Roof type
Rubber
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Kevin Stile
(718) 763-4110
Added: Feb 27
Changed: Aug 4
Last Checked: Aug 22 at 10:06AM
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 approximately 4,000-square-foot automotive facility includes a collision-repair business and building. The garage is equipped with a frame machine, vehicle lift, spray booth, and roll-up gate, along with a private owner’s office. Two tow trucks are included in the sale. The building has concrete flooring, block and brick construction, and a rubber roof.
Recent property improvements include a new rubber roof, electrical system, heating system, and drainage. Ceiling height measures 16 feet in the front portion and 18 feet at the rear. The operation has bus company contracts and participates in the DARP program. The property is located at 1794 E 49th Street in Brooklyn, NY 11234, within the Old Mill Basin section, and is zoned C8-1.
Recent property improvements include a new rubber roof, electrical system, heating system, and drainage. Ceiling height measures 16 feet in the front portion and 18 feet at the rear. The operation has bus company contracts and participates in the DARP program. The property is located at 1794 E 49th Street in Brooklyn, NY 11234, within the Old Mill Basin section, and is zoned C8-1.
Key Highlights
- 4,000‑square‑foot garage with collision‑repair business and building
- 16‑foot front ceiling height and 18‑foot rear ceiling height
- Frame machine, vehicle lift, new spray booth, and roll‑up gate
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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Collision facility with specialized equipment, tow trucks, and dedicated office space in Brooklyn’s Old Mill Basin section.
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 collision‑repair business and building; 16‑foot front ceiling height and 18‑foot rear ceiling height; Frame machine, vehicle lift, new spray booth, and roll‑up gate
