Auto Repair
For Sale
Contact for pricing
476 Utica Ave, Brooklyn, NY 11203
For sale auto repair shop offering approximately 2,930 square feet of automotive service space.
Property Size2,930 SF
Price / SF$439.89
Days on Market417
Property Features for 476 Utica Ave
General Information
Standard status
Active
Size
2,930 SF
Property subtype
Industrial, Retail
Zoning
C8-2
Lease Type
Modified Gross
Building Details
Year Built
1931
Year Renovated
2010
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
DGNY Commercial
Listed By:
Desmond Cassidy · License #10301216460
Source:
Crexi
Added: Jun 26, 2025
Changed: Aug 7
Last Checked: Aug 13 at 3:27PM
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 DGNY Commercial
Investment Insights
Based on property information with market context.
This for-sale auto repair shop totals approximately 2,930 square feet and is presented as an automotive service property. It is marketed for sale by a motivated seller.
The property is located at 476 Utica Ave in Brooklyn, NY 11203.
The offering is specifically positioned as an auto repair use, giving prospective tenants or buyers a purpose-built starting point for automotive operations within the stated building area.
The property is located at 476 Utica Ave in Brooklyn, NY 11203.
The offering is specifically positioned as an auto repair use, giving prospective tenants or buyers a purpose-built starting point for automotive operations within the stated building area.
Key Highlights
- Auto repair shop built in 1931
- Approximately 2,930 SF automotive service space
- Offered for sale at $1,488,000
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
$52,125
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
4.04%
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%
$1,042,500
$1.0M
Cap Rate 7%
$744,643
$744.6K
Cap Rate 9%
$579,167
$579.2K
Market Conditions
NOI Build-Up for 2,930 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
$78.1K $26.64/SF
− Vacancy
−$3.6K −$1.23/SF
EGI
$74.5K $25.41/SF
− OpEx
−$22.3K −$7.62/SF
NOI
$52.1K $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%
$1,042,500
Cap Rate 7%
$744,643
Cap Rate 9%
$579,167
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,507 @ 7.0% cap · market cap 10.90%
Second Best
Industrial
$744.6K
$651.6K – $868.8K
NOI $52,125 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$2.43M
$2.12M – $2.83M
NOI $169,823 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,213
Businesses Nearby
132k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 23%
Groceries 10%
Home Improvements & Furnishings 5%
Wendy's
Dining
22,854 visits/mo
0.0 miles
White Castle
Dining
16,363 visits/mo
0.2 miles
KFC
Dining
16,352 visits/mo
0.1 miles
BP
Shops & Services
14,012 visits/mo
0.1 miles
Dunkin' Donuts
Dining
10,056 visits/mo
0.2 miles
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- precision worxs — 851 Utica Ave, Brooklyn, NY 11203
- Mikes Tire — 3609 Church Ave, Brooklyn, NY 11203
- PAYLESS TIRES #2 — 5702 Church Ave, Brooklyn, NY 11203
- Payless tires — 5702 church ave, brooklyn, ny 11203
- Danny’s Wash — 245 E 34th St, Brooklyn, NY 11203
Frequently Asked Questions
What type of property is this?
Auto shop - For sale auto repair shop offering approximately 2,930 square feet of automotive service space.
Where is this auto shop located?
The property is located at 476 Utica Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: Auto repair shop built in 1931; Approximately 2,930 SF automotive service space; Offered for sale at $1,488,000
