Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    528 President Street Brooklyn, NY 11215

    View on Map
    Claim this Listing
    For Sale
    $8,000,000

    COMMERCIAL - Brooklyn, NY

    Property size:
    5,063 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $1,580/SF
    Added:
    Dec 6, 2025
    Days on Market:
    149
    Last Refresh:
    May 4 at 6:06 am

    Property Features for 528 President Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M1-4/R6B
    Parking features
    Garage
    Basement
    Unfinished, Full
    Standard status
    Active
    Size
    5,063 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Annual Amount
    23451

    Building Details

    Year built
    1931
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick, Masonry
    Roof type
    Flat, Rubber

    We can help!

    Listing Contact
    Hua Ming (Freddy) Chen

    Listing agent Hua Ming (Freddy) Chen License #KNM9509

    Listing office Century 21 Realty First 6806 18th Avenue, Brooklyn, NY

    Listing date Dec 6, 2025

    MLS# 497744

    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.

    Overview

    Brooklyn Commercial Property For Sale

    This commercial property is located in Park Slope, Brooklyn. It presents an investment or business opportunity, having operated as a body shop since 2004. The property features a building and lot size of 60 ft x 150 ft, with a building classification of Auto Body/Collision or Auto Repair. The zoning designation is M1-4/R6B. The property size is 5,063 square feet and the lot size is 0.1162 acres. The property is located in Kings County (Brooklyn).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    lll Speedy Road ... Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sammy's Auto Repair — 44 15th St, Brooklyn, NY 11215
    • 15th Street Auto Body — 35 15th St, Brooklyn, NY 11215
    • AA's towing and collision — 79 14th St, Brooklyn, NY 11215
    • South Slope Auto Center — 102 13th St, Brooklyn, NY 11215
    • Fleet Auto Enterprise — 169 2nd Ave, Brooklyn, NY 11215

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.98443
    Latitude
    40.676866

    Nearby Similar for Sale

    • $999,000
      8,820 SF

      Established Supermarket Business For Sale

      High-volume supermarket in Bensonhurst/Gravesend with excellent street exposure.
      65 Quentin Road, Brooklyn, NY 11223
      View Details
    • $375,000
      3,120 SF

      Established Restaurant in Sunset Park

      Asian restaurant for sale in prime Sunset Park area.
      5304 8th Avenue, Brooklyn, NY 11220
      View Details
    • $549,000
      7,900 SF

      Established Karaoke Bar & Sushi

      Turnkey karaoke bar and sushi restaurant in Bensonhurst, Brooklyn.
      6115 20th Avenue, Brooklyn, NY 11204
      View Details
    • $349,000
      2,100 SF

      Thriving Storefront in Brooklyn

      Turn-key general merchandise store with loyal customer base.
      611 Brighton Beach Avenue, Brooklyn, NY 11235
      View Details
    • $968,000
      1,335 SF

      Brooklyn Commercial Condo For Sale

      Commercial condo in Sunset Park with immediate rental income.
      867 53rd Street, Brooklyn, NY 11220
      View Details
    • $1,899,000
      3,158 SF

      Spacious Kings Highway Commercial Unit

      3,158 SF commercial unit in prime Brooklyn location.
      366 Kings Highway, Brooklyn, NY 11223
      View Details
    • $2,190,000
      3,500 SF

      Luxury Atelier & Designer Showroom

      Turnkey, two-story luxury atelier in Sunset Park, Brooklyn.
      821 39th Street, Brooklyn, NY 11232
      View Details
    • $899,000
      2,879 SF

      Brooklyn Commercial Condo with Parking

      Ground floor commercial condo with cellar and deeded parking.
      2533 Ocean Avenue, Brooklyn, NY 11229
      View Details
    • $2,980,000
      7,311 SF

      Brooklyn Commercial Building For Sale

      Commercial building with five tenants, elevator, and private driveway.
      8510 Bay 16th Street, Brooklyn, NY 11214
      View Details
    • $680,000
      2,380 SF

      Medical Office in Sheepshead Bay

      Renovated medical office condominium for sale in Sheepshead Bay.
      2752 Ocean Avenue, Brooklyn, NY 11229
      View Details
    • $4,500,000
      14,700 SF

      Flatbush Commercial Building on Retail Corridor

      14,700 SF commercial property on a predominant retail corridor.
      5203-5207 Church Avenue, Brooklyn, NY 11203
      View Details
    • $699,000
      1,476 SF

      Brooklyn Office Ideal for Service

      Versatile 1,476 sqft office space in vibrant Brooklyn neighborhood.
      5811 6th Avenue, Brooklyn, NY 11220
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial property in Park Slope, Brooklyn, with business potential.
    Where is this auto shop located?
    The property is located at 528 President Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Established business location in Park Slope since 2004; Large 60 ft x 150 ft lot size; Suitable for Auto Body/Collision or Auto Repair business
    (718) 758-5838
    We can help!
    Listing Contact
    Hua Ming (Freddy) Chen
    Real Estate License ID: KNM9509
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    528 President Street, Brooklyn, NY 11215

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!