Equipped Auto Repair
For Sale
Contact for pricing
739 3rd Avenue, Brooklyn, NY 11232
Operating automotive facility with service bays and diagnostic equipment near the Brooklyn-Queens Expressway.
Property Size2,754 SF
Price / SF$907.77
Days on Market14
Property Features for 739 3rd Avenue
General Information
Standard status
Active
Size
2,754 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Buildings
1
Listing Agency:
Crifasi Real Estate Inc
Listed By:
Salvatore Crifasi · License #NY 31CR0315651
(718) 894-8700
Source:
Crexi
Added: Sep 3
Changed: Sep 9
Last Checked: Sep 15 at 6:03AM
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 Crifasi Real Estate Inc
Investment Insights
Based on property information with market context.
This auto repair property includes a 2,754-square-foot facility configured for automotive service operations. The improvements include multiple service bays, diagnostic equipment, and a range of repair and maintenance capabilities. The existing setup supports continued use as an auto shop and provides a functional base for an owner-operator or automotive business.
The property is positioned near the Brooklyn-Queens Expressway, providing access to a major regional roadway. The surrounding area includes commercial and industrial development, reinforcing the site’s established automotive and service-oriented setting. The facility combines an operating repair-shop layout with existing equipment and roadway proximity.
The property is positioned near the Brooklyn-Queens Expressway, providing access to a major regional roadway. The surrounding area includes commercial and industrial development, reinforcing the site’s established automotive and service-oriented setting. The facility combines an operating repair-shop layout with existing equipment and roadway proximity.
Key Highlights
- 2,754 SF auto repair facility
- Multiple service bays
- Diagnostic equipment included
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
$132,067
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
5.28%
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%
$2,641,340
$2.6M
Cap Rate 7%
$1,886,671
$1.9M
Cap Rate 9%
$1,467,411
$1.5M
Market Conditions
NOI Build-Up for 2,754 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
$214.2K $77.76/SF
− Vacancy
−$25.5K −$9.25/SF
EGI
$188.7K $68.51/SF
− OpEx
−$56.6K −$20.55/SF
NOI
$132.1K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /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%
$2,641,340
Cap Rate 7%
$1,886,671
Cap Rate 9%
$1,467,411
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 authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,970
Businesses Nearby
170k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Home Improvements & Furnishings 43%
Groceries 6%
Dining 5%
The Home Depot
Home Improvements & Furnishings
70,488 visits/mo
0.4 miles
Dollar Tree
Shops & Services
30,894 visits/mo
0.4 miles
Speedway
Shops & Services
17,683 visits/mo
0.3 miles
Market Place By Key Food
Groceries
9,432 visits/mo
0.5 miles
KFC
Dining
8,382 visits/mo
0.2 miles
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Latino's Auto Services & Collision — 269 45th St, Brooklyn, NY 11220
- Hm & Sons Auto Repair Corp. — 265 43rd St, Brooklyn, NY 11232
- 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
Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive facility with service bays and diagnostic equipment near the Brooklyn-Queens Expressway.
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 auto repair facility; Multiple service bays; Diagnostic equipment included
