Established Automotive Repair
For Sale
$1,250,000
262 Quassaick Avenue, New Windsor, NY 12553
Operational automotive facility with multiple bays, extensive equipment, and an established service history.
Property Size2,969 SF
Lot Size0.69 Acres
Days on Market51
Property Features for 262 Quassaick Avenue
General Information
Standard status
Active
Size
2,969 SF
Total Parking Spaces
30
Lot size
0.69 Acres
Property subtype
Commercial
Zoning
R-4
Additional Details
Business Included
Yes
Traffic Count
7,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$21,718
Building Details
Building Size
2,969 SF
Stories
1
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
Nicholas Cuomo · License #10401279744
(845) 928-8000
Source:
Cohenandcohenrealty
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 25 at 7:25AM
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 Realty
Investment Insights
Based on property information with market context.
This automotive property combines an operating repair business with the underlying real estate and a broad equipment package. The nearly 3,000-square-foot facility occupies approximately 0.69 acres and includes multiple service bays supported by vehicle lifts, alignment equipment, compressors, tire machines, diagnostic tools, welding equipment, presses, jacks, workbenches, and shelving. Two operable plow-equipped vehicles are also included, subject to the final inventory of included and excluded items.
Levine's Garage has served the area since 1979 and has provided diagnostics, repairs, maintenance, tire work, alignments, and New York State inspections for cars, light trucks, and small RVs. The property is located at 262 Quassaick Avenue in New Windsor, New York, along a corridor reported to carry approximately 7,000 vehicles daily. Zoning is R-4.
Levine's Garage has served the area since 1979 and has provided diagnostics, repairs, maintenance, tire work, alignments, and New York State inspections for cars, light trucks, and small RVs. The property is located at 262 Quassaick Avenue in New Windsor, New York, along a corridor reported to carry approximately 7,000 vehicles daily. Zoning is R-4.
Key Highlights
- Nearly 3,000 SF automotive facility on approximately 0.69 acres
- Multiple service bays with vehicle lifts and alignment equipment
- Extensive equipment package includes compressors, tire machines, diagnostics, welding equipment, and presses
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
$36,137
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
2.89%
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%
$722,740
$722.7K
Cap Rate 7%
$516,243
$516.2K
Cap Rate 9%
$401,522
$401.5K
Market Conditions
NOI Build-Up for 2,969 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
$53.4K $18.00/SF
− Vacancy
−$1.8K −$0.61/SF
EGI
$51.6K $17.39/SF
− OpEx
−$15.5K −$5.22/SF
NOI
$36.1K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /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%
$722,740
Cap Rate 7%
$516,243
Cap Rate 9%
$401,522
Alternative Uses
Best Use
Retail
$516.2K
$451.7K – $602.3K
NOI $36,137 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$346.0K
$302.7K – $403.7K
NOI $24,219 @ 7.0% cap · market cap 1.94%
Theoretical Best
Office A
$1.01M
$879.9K – $1.17M
NOI $70,390 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 100%
Windsor
Apparel
2,288 visits/mo
0.5 miles
Demographics for 12553, NY
26,728
Population
11,150
Households
2.4
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
24.2 sq mi
ZIP Area
1,104
Density / Sq Mi
$94,207
Median Household Income
$50,749
Median Earnings
$1,612
Median Rent
$351,200
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Operational automotive facility with multiple bays, extensive equipment, and an established service history.
Where is this auto shop located?
The property is located at 262 Quassaick Avenue New Windsor, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Nearly 3,000 SF automotive facility on approximately 0.69 acres; Multiple service bays with vehicle lifts and alignment equipment; Extensive equipment package includes compressors, tire machines, diagnostics, welding equipment, and presses
