Auto Repair Shop with Multiple
For Sale
$2,500,000
739 3rd Avenue, Brooklyn, NY 11232
2,754 SF auto repair facility with multiple service bays and diagnostic equipment on a busy corridor near BQE.
Property Size963 SF
Price / SF$907.77
Days on Market56
Property Features for 739 3rd Avenue
General Information
Standard status
Active
Size
963 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,860
Building Details
Building Size
963 SF
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: Aug 8
Last Checked: Aug 20 at 1:10PM
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
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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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
Frequently Asked Questions
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
