Auto Repair Shop with Large
441 BEACH 129TH ST Belle Harbor, NY 11694
441 BEACH 129TH ST, Belle Harbor, NY, 11694
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For Sale
Contact for pricing
Auto repair shop on a commercial block with 130 feet of frontage and development potential for additional space.
Property Size14,200 SF
Price / SF$225.35
Days on Market20
Property Features for 441 BEACH 129TH ST
General Information
- Standard status
- Active
- Size
- 14,200 SF
- Property subtype
- Retail, Hospitality, Land
Building Details
- Year Built
- 930
Listing agency
Corbett & Dullea Real Estate
Listed by
Nick Dullea · License #49DU1074980
Source
Crexi
Added: Jul 3 Updated: Jul 21 at 11:03PM Checked: Jul 21 at 11:03PM
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 Corbett & Dullea Real Estate
Investment Insights
Based on property information with market context.
Located at 441 BEACH 129TH ST, BELLE HARBOR, NY 11694, this 14,200-square-foot property currently houses an auto repair shop. The site may be used as-is, or it can be redeveloped for other commercial uses as contemplated by the seller, including a grocery/market, medical building, or food and beverage operation.
The property offers 130 feet of frontage on a busy commercial block. The seller also notes available FAR to build an additional 4,970 square feet, along with the ability to further develop the overall site.
The property is positioned on what the seller describes as the main commercial block servicing a residential community, supporting continued commercial utility and expansion possibilities for an end user or developer.
The property offers 130 feet of frontage on a busy commercial block. The seller also notes available FAR to build an additional 4,970 square feet, along with the ability to further develop the overall site.
The property is positioned on what the seller describes as the main commercial block servicing a residential community, supporting continued commercial utility and expansion possibilities for an end user or developer.
Key Highlights
- 14,200 SF property currently operating as an auto repair shop
- 130 ft of frontage on a busy commercial block
- Development potential includes building an additional 4,970 SF based on available FAR
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $426.0k | $30.00 |
| − Vacancy | −$63.9k | −$4.50 |
| EGI | $362.1k | $25.50 |
| − OpEx | −$108.6k | −$7.65 |
| NOI | $253.5k | $17.85 |
14,200 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$9.39M
$8.22M – $10.95M
NOI $657,212 @ 7.0% cap · market cap 20.54%
Second Best
Office B
$6.68M
$5.84M – $7.79M
NOI $467,518 @ 7.0% cap · market cap 14.61%
Theoretical Best
Office A
$10.47M
$9.16M – $12.21M
NOI $732,788 @ 7.0% cap · market cap 22.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Drive Safe Auto Center — 11505 Beach Channel Dr, Rockaway Park, NY 11694
- Carmes Car Towings — 239 Beach 116th St, Queens, NY 11694
- Jim Bulloch's Services — 445 Beach 129th St, Far Rockaway, NY 11694
- Rockaway Auto Repair And Quick Lube Inc — 11520 Beach Channel Dr, Far Rockaway, NY 11694
- C & L Tire — 112-16 Beach Channel Dr, Rockaway Park, NY 11694
FAQs
What type of property is this?
Auto shop - Auto repair shop on a commercial block with 130 feet of frontage and development potential for additional space.
Where is this auto shop located?
The property is located at 441 BEACH 129TH ST Belle Harbor, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 14,200 SF property currently operating as an auto repair shop; 130 ft of frontage on a busy commercial block; Development potential includes building an additional 4,970 SF based on available FAR
