Auto Repair & Car Wash
For Sale
Contact for pricing
225 Union Ave, Brooklyn, NY 11211
Established auto repair and car wash business for sale in Brooklyn.
Property Size3,430 SF
Price / SF$1,457
Days on Market204
Property Features for 225 Union Ave
General Information
Standard status
Active
Size
3,430 SF
Class
C
Property subtype
Retail, Business for Sale
Zoning
C8-2
Investment Type
Owner/User
Building Details
Year Built
1950
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Brooklyn Real Property
(718) 875-8899
Listed By:
John H. Johnson Jr · License #10301210448
Source:
Crexi
Added: Jan 28
Changed: Aug 9
Last Checked: Aug 18 at 11:32PM
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 Brooklyn Real Property
Investment Insights
Based on property information with market context.
An established auto repair shop and car wash business is available for purchase in Williamsburg, Brooklyn. This is a business-only sale, and the property itself is not included. The sale is a turnkey operation, encompassing all equipment, machinery, and personal property required for the continued operation of both the car wash and auto repair services. The car wash business sale excludes accounts receivable, cash in the bank, and other investments. Similarly, the auto repair business sale excludes accounts receivable, cash in the bank, other investments, and individual mechanics’ personal tools. All assets will be transferred free and clear of any liens, encumbrances, or equipment leases, and all machinery and equipment will be in working order at the time of closing. The purchaser will not assume any outstanding debts or equipment leases. A deposit equal to 10% of the Purchase Price will be provided upon executing the Purchase Agreement. This deposit will be held in escrow by the seller’s counsel and applied toward the final cash portion of the purchase price at closing. The location in Williamsburg, Brooklyn, is known for its vibrant community and high-traffic areas, making it a prime spot for an automotive service business.
Key Highlights
- Turnkey operation includes all equipment and machinery for both car wash and auto repair services.
- Located in the high‑traffic, desirable Williamsburg neighborhood of Brooklyn.
- Debt‑free transaction with all assets transferred free and clear of liens and encumbrances.
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
$198,803
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
3.98%
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%
$3,976,060
$4.0M
Cap Rate 7%
$2,840,043
$2.8M
Cap Rate 9%
$2,208,922
$2.2M
Market Conditions
NOI Build-Up for 3,430 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
$288.1K $84.00/SF
− Vacancy
−$23.0K −$6.72/SF
EGI
$265.1K $77.28/SF
− OpEx
−$66.3K −$19.32/SF
NOI
$198.8K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,976,060
Cap Rate 7%
$2,840,043
Cap Rate 9%
$2,208,922
Alternative Uses
Best Use
Specialty Retail
$2.84M
$2.49M – $3.31M
NOI $198,803 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$2.35M
$2.06M – $2.74M
NOI $164,484 @ 7.0% cap · market cap 3.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,415
Businesses Nearby
223k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Dining 26%
Shops & Services 19%
Electronics 5%
Food Bazaar Supermarket
Groceries
102,163 visits/mo
0.4 miles
Dunkin' Donuts
Dining
18,501 visits/mo
0.5 miles
Chase Bank
Shops & Services
17,187 visits/mo
0.5 miles
Dunkin' Donuts
Dining
14,140 visits/mo
0.4 miles
BP
Shops & Services
12,903 visits/mo
0.0 miles
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
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 - Established auto repair and car wash business for sale in Brooklyn.
Where is this auto shop located?
The property is located at 225 Union Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Turnkey operation includes all equipment and machinery for both car wash and auto repair services.; Located in the high‑traffic, desirable Williamsburg neighborhood of Brooklyn.; Debt‑free transaction with all assets transferred free and clear of liens and encumbrances.
