Corner Auto Repair
For Sale
$3,000,000
2448 Montauk Highway, Brookhaven, NY 11719
Existing automotive improvements occupy a signalized commercial corner within J-2 zoning.
Property Size5,389 SF
Days on Market75
Property Features for 2448 Montauk Highway
General Information
Standard status
Active
Size
5,389 SF
Property subtype
Commercial
Zoning
J-2
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,223
Building Details
Building Size
5,389 SF
Buildings
1
Listing Agency:
Realty Connect USA L I Inc
(631) 838-2135
Listed By:
William F. Restmeyer CBR PSA
(631) 838-2135
Source:
Professionalchoicerealty
Added: Jun 17
Changed: Aug 28
Last Checked: Aug 29 at 10:20AM
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 Realty Connect USA L I Inc
Investment Insights
Based on property information with market context.
This automotive property at 2448 Montauk Highway is currently operated as an automobile body repair facility. The corner site meets Montauk Highway and South Country Road, with the address identified in Brookhaven, NY 11719. J-2 zoning supports a commercial setting for the existing use and other uses permitted under that classification.
Automotive activity at the property dates to before 1973. The site also operated as a gasoline service station before 1959 and includes a Certificate of Existing Use associated with that history, which may support evaluation of a future gasoline-related use. Daily traffic at the intersection is reported at more than 13,000 vehicles, providing a prominent setting for an automotive operator.
Automotive activity at the property dates to before 1973. The site also operated as a gasoline service station before 1959 and includes a Certificate of Existing Use associated with that history, which may support evaluation of a future gasoline-related use. Daily traffic at the intersection is reported at more than 13,000 vehicles, providing a prominent setting for an automotive operator.
Key Highlights
- Automobile body repair facility currently operates on site
- J‑2 zoning
- Corner location at Montauk Highway and South Country Road
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
$104,940
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
3.50%
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%
$2,098,800
$2.1M
Cap Rate 7%
$1,499,143
$1.5M
Cap Rate 9%
$1,166,000
$1.2M
Market Conditions
NOI Build-Up for 5,389 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
$157.1K $29.16/SF
− Vacancy
−$7.2K −$1.34/SF
EGI
$149.9K $27.82/SF
− OpEx
−$45.0K −$8.35/SF
NOI
$104.9K $19.47/SF
Area
ZIP 11719
Vacancy
4.60%
Lease Rate
$29.16 /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%
$2,098,800
Cap Rate 7%
$1,499,143
Cap Rate 9%
$1,166,000
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,940 @ 7.0% cap · market cap 3.50%
Second Best
Industrial
$1.00M
$876.4K – $1.17M
NOI $70,110 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$2.22M
$1.95M – $2.60M
NOI $155,721 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
7,814 visits/mo
0.1 miles
Mvp Automotive
Shops & Services
1,125 visits/mo
0.2 miles
Demographics for 11719, NY
3,447
Population
1,174
Households
2.9
Avg Household Size
50
Median Age
37%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
650
Density / Sq Mi
$96,638
Median Household Income
$47,548
Median Earnings
$1,987
Median Rent
$564,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lube-Rite Equipment Co — 349 S Country Rd, Brookhaven, NY 11719
- A&D AutoBody and Mechanical Repair — 2448 montauk hwy, brookhaven, ny 11719
- ROADWAY EXOTIC MOTORS INC — 2515 Montauk Hwy, Brookhaven, NY 11719
- Metro — 2549 Montauk Hwy, Brookhaven, NY 11719
Frequently Asked Questions
What type of property is this?
Auto shop - Existing automotive improvements occupy a signalized commercial corner within J-2 zoning.
Where is this auto shop located?
The property is located at 2448 Montauk Highway Brookhaven, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Automobile body repair facility currently operates on site; J‑2 zoning; Corner location at Montauk Highway and South Country Road
