19502 Sagamore Avenue, Hollis, NY 11423

Building Details

Building Size 8,500 SF More

Year Built 1911 More

Buildings 1 More

Stories 3 More

Units 2 More

Listing Agency: Keller Williams Legendary k***@kw.com

Listed By: Jeffrey Huston Show Phone

Source: Croninreale

Added: Aug 6 Changed: Nov 8 Last Checked: Nov 9 at 2:06AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This auto shop building contains approximately 8,500 square feet and has a 1911 construction date. It is currently used as an auto shop and is to be delivered empty. Unfinished storage space is also identified in the property details.

The property is adjacent to the Long Island Rail Road.

Key Highlights

• Approximately 8,500 square feet of building area
• Currently used as an auto shop; delivery is planned in empty condition
• Adjacent to the Long Island Rail Road

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$151,725

Cap Rate

4.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,034,500 $3.0M

Cap Rate 7%

$2,167,500 $2.2M

Cap Rate 9%

$1,685,833 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,500 SF

Gross rent

$255.0K $30.00/SF

− Vacancy

−$38.3K −$4.50/SF

EGI

$216.8K $25.50/SF

− OpEx

−$65.0K −$7.65/SF

NOI

$151.7K $17.85/SF

Area

Queens County, NY

Vacancy

15.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,034,500

Cap Rate 7%

$2,167,500

Cap Rate 9%

$1,685,833

Alternative Uses

Best Use

Retail

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $151,725 @ 7.0% cap · market cap 4.46%

Second Best

Industrial

$763.9K

$668.4K – $891.2K (±1% cap)

NOI $53,473 @ 7.0% cap · market cap 1.57%

Theoretical Best

Office A

$6.27M

$5.48M – $7.31M (±1% cap)

NOI $438,641 @ 7.0% cap · market cap 12.90%

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

Houston Brothers On the Spot Auto Repair Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Gym & Fitness Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,701

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 11423, NY

31,985

Population

10,307

Households

3.1

Avg Household Size

41

Median Age

34%

College-Educated

85%

High-School Grad

1.4 sq mi

ZIP Area

22,846

Density / Sq Mi

$80,870

Median Household Income

$44,639

Median Earnings

$1,706

Median Rent

$717,300

Median Home Value

Market

Properties on Market for Auto shops in Queens County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Auto repair — 198 West 21th Street Suite 721, Queens, NY 10016
• Finest Touch MotorSports Inc. — 180-09 93rd ave, jamaica, ny 11433
• Advanced Collision Repair — 180-09 93rd Ave, Queens, NY 11433
• Phantom Auto Collision — 181-22 93rd Ave, Hollis, NY 11423
• ALLI MOTORSPORTS LLC — 180-05 93rd Ave, Queens, NY 11433

Frequently Asked Questions

What type of property is this?

Auto shop - The property is currently used for automotive service and is scheduled for delivery vacant.

Where is this auto shop located?

The property is located at 19502 Sagamore Avenue Hollis, NY.

What is the asking price?

The asking price for this property is $3,399,995.

What are key features of this property?

This property features: Approximately 8,500 square feet of building area; Currently used as an auto shop; delivery is planned in empty condition; Adjacent to the Long Island Rail Road