Three-Bay Auto Repair
21842 Hempstead Avenue, Queens Village, NY 11429
For Sale
New
$950,000
The sale includes the operating repair business, its inventory, and the property.
Property Size1,775 SF
Lot Size0.06 Acres
Price / SF$535.21
Days on Market7
Property Features for 21842 Hempstead Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams NYC
Listed By:
Gershon Adjaye · License #0231787
(973) 583-3030
Source:
Moreandmorerealestate
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 3:02PM
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 NYC
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Investment Insights
Based on property information with market context.
This 1,775-square-foot auto and tire repair building contains three service bays equipped with car lifts. The property includes a 2,600-square-foot corner lot measuring 25 feet by 65 feet, with on-site parking. Built in 1931, the property is zoned R3-2.
The sale covers the real estate, operating business, and current inventory. The property is located at 21842 Hempstead Avenue in Queens Village, New York.
The sale covers the real estate, operating business, and current inventory. The property is located at 21842 Hempstead Avenue in Queens Village, New York.
Key Highlights
- Three service bays with car lifts
- 1,775‑square‑foot auto and tire repair building
- 2,600‑square‑foot corner lot measuring 25' x 65'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,684
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,680
$633.7K
Cap Rate 7%
$452,629
$452.6K
Cap Rate 9%
$352,044
$352.0K
Market Conditions
NOI Build-Up for 1,775 SF
Gross rent
$53.3K $30.00/SF
− Vacancy
−$8.0K −$4.50/SF
EGI
$45.3K $25.50/SF
− OpEx
−$13.6K −$7.65/SF
NOI
$31.7K $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%
$633,680
Cap Rate 7%
$452,629
Cap Rate 9%
$352,044
Alternative Uses
Best Use
Retail
$452.6K
$396.1K – $528.1K
NOI $31,684 @ 7.0% cap · market cap 3.34%
Second Best
Industrial
$159.5K
$139.6K – $186.1K
NOI $11,166 @ 7.0% cap · market cap 1.18%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,599 @ 7.0% cap · market cap 9.64%
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
3
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,704
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 28%
Electronics 2%
Citibank
Shops & Services
14,764 visits/mo
0.4 miles
Chase Bank
Shops & Services
10,271 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
6,164 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,146 visits/mo
0.4 miles
Regency Party Hall
Shops & Services
3,267 visits/mo
0.4 miles
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Auto shops in Queens County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- El's Air and Tire Supply LLC — 209-06 112th ave, queens, ny 11429
- 111 Rd Auto Spa — 111-28 springfield blvd, queens, ny 11429
- K & AW Auto Repair — 112-31 Springfield Blvd, Queens, NY 11429
- Wrapid concept L.L.C — 111-28b springfield blvd, queens village, ny 11429
- Car To Mechanic — 10 112th Rd #225, Queens Village, NY 11429
Frequently Asked Questions
What type of property is this?
Auto shop - The sale includes the operating repair business, its inventory, and the property.
Where is this auto shop located?
The property is located at 21842 Hempstead Avenue Queens Village, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three service bays with car lifts; 1,775‑square‑foot auto and tire repair building; 2,600‑square‑foot corner lot measuring 25' x 65'
