Auto Shop in M1-1
For Sale
$1,350,000
4201 Glenwood Road, Brooklyn, NY 11210
COMMERCIAL - Brooklyn, NY
Property Size3,000 SF
Lot Size0.07 Acres
Price / SF$450
Days on Market92
Property Features for 4201 Glenwood Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-1
Basement
Finished
Subdivision
East Flatbush
Standard status
Active
Size
3,000 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
21914
Building Details
Flooring type
Concrete
Building materials
Brick
Roof type
Metal
Listing Agency:
Real Broker NY LLC
(718) 256-4000
Listed By:
Cindy Jones
(718) 256-4000
Added: May 21
Changed: Aug 4
Last Checked: Aug 20 at 5:06AM
MLS# 501651
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
4201 Glenwood Road in Brooklyn is an operating automotive repair and service facility built with brick construction. The building features concrete flooring and a metal roof, and the property is currently used as an auto repair and service operation suitable for automotive-related services.
The lot size is 0.0689 acres, with an overall property size of 3,000 square feet. The property is located in a neighborhood setting with street access and visibility, supporting automotive service uses.
The property is zoned M1-1. The provided zoning description indicates the district allows light industrial uses, warehousing, offices, certain retail uses in some cases, and service businesses in general, subject to applicable DOB and NYC Planning approvals.
The lot size is 0.0689 acres, with an overall property size of 3,000 square feet. The property is located in a neighborhood setting with street access and visibility, supporting automotive service uses.
The property is zoned M1-1. The provided zoning description indicates the district allows light industrial uses, warehousing, offices, certain retail uses in some cases, and service businesses in general, subject to applicable DOB and NYC Planning approvals.
Key Highlights
- Operating automotive repair and service facility at 4201 Glenwood Road
- Zoned M1‑1 for a mix of light industrial, warehousing, and office uses
- 0.0689‑acre lot with 3,000 square feet total
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
$53,371
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
3.95%
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%
$1,067,420
$1.1M
Cap Rate 7%
$762,443
$762.4K
Cap Rate 9%
$593,011
$593.0K
Market Conditions
NOI Build-Up for 3,000 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
$79.9K $26.64/SF
− Vacancy
−$3.7K −$1.23/SF
EGI
$76.2K $25.41/SF
− OpEx
−$22.9K −$7.62/SF
NOI
$53.4K $17.79/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /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%
$1,067,420
Cap Rate 7%
$762,443
Cap Rate 9%
$593,011
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.40M
NOI $143,864 @ 7.0% cap · market cap 10.66%
Second Best
Industrial
$762.4K
$667.1K – $889.5K
NOI $53,371 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,190
Businesses Nearby
223k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 35%
Office Supplies 13%
Electronics 3%
McDonald's
Dining
30,212 visits/mo
0.4 miles
Staples
Office Supplies
29,527 visits/mo
0.5 miles
Wendy's
Dining
25,381 visits/mo
0.4 miles
Dollar Tree
Shops & Services
22,241 visits/mo
0.4 miles
KFC
Dining
18,966 visits/mo
0.4 miles
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
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
- InDa Mix Company — 983 E 31st St, Brooklyn, NY 11210
- JAHWERKS-AUTO LLC *MOBILE MECHANIC* — 2329 Nostrand Ave, Brooklyn, NY 11210
- EVERTECHS CAR AUDIO — 5010 Flatlands Ave, Brooklyn, NY 11234
- Midwood Glass & Shade — 1778 Flatbush Ave, Brooklyn, NY 11210
- One Stop Tire Shop — 1707 Flatbush Ave, Brooklyn, NY 11210
Frequently Asked Questions
What type of property is this?
Auto shop - Brick auto repair facility with concrete flooring and metal roof, currently operating in an M1-1 zoning district.
Where is this auto shop located?
The property is located at 4201 Glenwood Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Operating automotive repair and service facility at 4201 Glenwood Road; Zoned M1‑1 for a mix of light industrial, warehousing, and office uses; 0.0689‑acre lot with 3,000 square feet total
