Canarsie Retail Building For
For Sale
$660,000
Pending
992 Remsen Ave, Brooklyn, NY 11236
Free-standing building in high-traffic area, suitable for various uses.
Property Size1,700 SF
Lot Size0.05 Acres
Days on Market191
Property Features for 992 Remsen Ave
General Information
Standard status
Pending
Size
1,700 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,531
Building Details
Building Size
1,700 SF
Stories
1
Listing Agency:
Brooklyn Real Property, Inc
Listed By:
Siu Y Shum · License #SYS0658
(718) 875-8899
Source:
Elliman
Added: Apr 28
Changed: Nov 3
Last Checked: Nov 3 at 6:41AM
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 Brooklyn Real Property, Inc
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Investment Insights
Based on property information with market context.
Located in the busy retail corridor of Canarsie's Remsen Avenue, this fully detached, free-standing brick building has been established as an auto mechanic shop for 50 years. Constructed in 1950, the property is offered as a turnkey opportunity, including three lifts, an oil tank, fixtures, and tools. The building, with the business or without, features a 14 ft ceiling, a half bath, and a private front driveway accommodating four cars. The building measures 20 ft x 82 ft on a 21.58 ft x 100 ft lot with R4-1 zoning. The property is located near BJ's Wholesale Club, shopping options, and bus lines. The property may be converted to a warehouse, office, or other uses.
Key Highlights
- High‑traffic location on Remsen Avenue in Canarsie with excellent visibility.
- Turnkey auto mechanic business opportunity: building, business, 3 lifts, oil tank, fixtures, and tools included.
- Free‑standing, fully detached brick building with flexible R4‑1 zoning allowing for warehouse, office, or other uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,176
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,520
$583.5K
Cap Rate 7%
$416,800
$416.8K
Cap Rate 9%
$324,178
$324.2K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$43.7K $26.64/SF
− Vacancy
−$2.0K −$1.23/SF
EGI
$41.7K $25.41/SF
− OpEx
−$12.5K −$7.62/SF
NOI
$29.2K $17.79/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,520
Cap Rate 7%
$416,800
Cap Rate 9%
$324,178
Alternative Uses
Best Use
Retail
$1.12M
$983.1K – $1.31M
NOI $78,646 @ 7.0% cap · market cap 11.92%
Second Best
Industrial
$416.8K
$364.7K – $486.3K
NOI $29,176 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $95,054 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,307
Businesses Nearby
361k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Superstores 33%
Dining 16%
Groceries 10%
BJ's Wholesale Club
Superstores
120,868 visits/mo
0.2 miles
Dollar Tree
Shops & Services
35,330 visits/mo
0.2 miles
Wendy's
Dining
24,532 visits/mo
0.3 miles
Gitto Farmer's Market
Groceries
22,786 visits/mo
0.3 miles
Mobil
Shops & Services
18,966 visits/mo
0.5 miles
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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
Similar Off Market Nearby
- MACH 1 AUTO REPAIR — 920 E 54th St, Brooklyn, NY 11234
- Phil's Auto Radio Repair, Inc. — 7718 Flatlands Ave, Brooklyn, NY 11236
- Infiniti Tires and Wheels — 728 E 56th St, Brooklyn, NY 11234
- Zaid Auto Collision 1 — 5249 Kings Hwy, Brooklyn, NY 11234
- Rh Window Tinting — 921 E 53rd St, Brooklyn, NY 11234
Frequently Asked Questions
What type of property is this?
Auto shop - Free-standing building in high-traffic area, suitable for various uses.
Where is this auto shop located?
The property is located at 992 Remsen Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: High‑traffic location on Remsen Avenue in Canarsie with excellent visibility.; Turnkey auto mechanic business opportunity: building, business, 3 lifts, oil tank, fixtures, and tools included.; Free‑standing, fully detached brick building with flexible R4‑1 zoning allowing for warehouse, office, or other uses.
