Auto Repair Shop with Multiple
739 3rd Avenue Brooklyn, NY 11232
For Sale
$2,500,000
2,754 SF auto repair facility with multiple service bays and diagnostic equipment on a busy corridor near BQE.
Property Size2,754 SF
Price / SF$907.77
Days on Market29
Property Features for 739 3rd Avenue
General Information
- Standard status
- Active
- Size
- 2,754 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1936
Listing Agency:
Halo Realty Properties LLC
(848) 229-1810
Listed By:
Maria J. Mosconi
(848) 229-1810
Source:
Cohenandcohenrealty
Added: Jun 27
Changed: Jul 22
Last Checked: Jul 24 at 3:39PM
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 Halo Realty Properties LLC
Investment Insights
Based on property information with market context.
For sale, this 2,754 SF auto repair shop is set up for automotive maintenance and diagnostics, featuring multiple service bays and diagnostic equipment. The property is described as a well-established commercial auto repair operation with the equipment and configuration needed to support day-to-day service work.
Located at 739 3rd Avenue in Brooklyn, the shop sits on a busy commercial corridor just steps away from the Brooklyn-Queens Expressway (BQE). The surrounding area includes commercial and industrial development, with access and nearby amenities positioned to support continued customer draw.
The facility’s practical layout and service-focused improvements make it suited to an owner-operator or buyer looking for an automotive repair use with existing operational infrastructure.
Located at 739 3rd Avenue in Brooklyn, the shop sits on a busy commercial corridor just steps away from the Brooklyn-Queens Expressway (BQE). The surrounding area includes commercial and industrial development, with access and nearby amenities positioned to support continued customer draw.
The facility’s practical layout and service-focused improvements make it suited to an owner-operator or buyer looking for an automotive repair use with existing operational infrastructure.
Key Highlights
- 2,754 SF commercial auto repair facility on a busy corridor at 739 3rd Avenue
- Multiple service bays and diagnostic equipment included for auto repair operations
- Year built: 1936
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 | $214.2k | $77.76 |
| − Vacancy | −$25.5k | −$9.25 |
| EGI | $188.7k | $68.51 |
| − OpEx | −$56.6k | −$20.55 |
| NOI | $132.1k | $47.95 |
2,754 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.89M
$1.65M – $2.20M
NOI $132,067 @ 7.0% cap · market cap 5.28%
Second Best
Industrial
$699.9K
$612.4K – $816.6K
NOI $48,994 @ 7.0% cap · market cap 1.96%
Theoretical Best
Specialty Retail
$2.28M
$2.00M – $2.66M
NOI $159,622 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lopez Byway Auto ...
Auto Repair Shop
Similar Off Market Nearby
- Jimmy's Auto Service Corp — 248 42nd St, Brooklyn, NY 11232
- HWL Auto Repair Corporation — 265 43rd St, Brooklyn, NY 11232
- Imax Electric Motors — 262 43rd St, Brooklyn, NY 11232
- Latino's Auto Services & Collision — 269 45th St, Brooklyn, NY 11220
- Hm & Sons Auto Repair Corp. — 265 43rd St, Brooklyn, NY 11232
FAQs
What type of property is this?
Auto shop - 2,754 SF auto repair facility with multiple service bays and diagnostic equipment on a busy corridor near BQE.
Where is this auto shop located?
The property is located at 739 3rd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 2,754 SF commercial auto repair facility on a busy corridor at 739 3rd Avenue; Multiple service bays and diagnostic equipment included for auto repair operations; Year built: 1936
