Waterfront Auto Repair
69 Pelham Rd New Rochelle, NY 10805
69 Pelham Rd, New Rochelle, NY, 10805
Contact for pricing
For Sale
Contact for pricing
Auto repair shop with waterfront views for sale.
Property Size5,662 SF
Price / SF$326.74
Days on Market986
Property Features for 69 Pelham Rd
General Information
- Standard status
- Active
- Size
- 5,662 SF
- Property subtype
- Mixed Use
Listing agency
Houlihan Lawrence
(917) 596-4789
Listed by
Darren Gordon · License #NY
Source
Crexi
Added: Nov 8, 2023 Updated: Jul 10 at 3:41PM Checked: Jul 20 at 5:48AM
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 Houlihan Lawrence
Investment Insights
Based on property information with market context.
This property is an auto repair shop with waterfront views. The property is suitable for auto shops, automotive properties, retail properties, waterfront land, land, and general commercial real estate. The property size is 5662 square feet.
Key Highlights
- Auto repair business included, a fantastic opportunity for entrepreneurs.
- Enjoy a waterfront view, adding tranquility and value.
- Property details available upon request.
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 | $197.0k | $34.80 |
| − Vacancy | −$26.0k | −$4.59 |
| EGI | $171.0k | $30.21 |
| − OpEx | −$51.3k | −$9.06 |
| NOI | $119.7k | $21.14 |
5,662 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.71M
$1.50M – $2.00M
NOI $119,720 @ 7.0% cap · market cap 6.47%
Second Best
Industrial
$1.15M
$1.00M – $1.34M
NOI $80,387 @ 7.0% cap · market cap 4.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Echo Bay Services ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- PREMCO, Inc. — 11 Beechwood Ave, New Rochelle, NY 10801
- Rob's Auto Body — 719 Main St, New Rochelle, NY 10801
- Starry Night New York — 76 North Ave, New Rochelle, NY 10801
- AMJ Customs Collision Inc — 19 Beechwood Ave, New Rochelle, NY 10801
- New Rochelle Truck Repairs — 12 Beechwood Ave, New Rochelle, NY 10801
FAQs
What type of property is this?
Auto shop - Auto repair shop with waterfront views for sale.
Where is this auto shop located?
The property is located at 69 Pelham Rd New Rochelle, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Auto repair business included, a fantastic opportunity for entrepreneurs.; Enjoy a waterfront view, adding tranquility and value.; Property details available upon request.
