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    364 Maspeth Ave Brooklyn, NY 11211-1704
    Property profile & analytics

    364 Maspeth Ave Brooklyn, NY 11211-1704

    View on Map
    • Auto shops
    • 4,022 SF
    • 2.16 lot acres
    Off-Market
    Last Sale Mar 11, 2021
    Property ID
    US63-5676073
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,010,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J&J Junk removal and pick up metal free / Waste Management Facility / Hazardous Waste Disposal
    • Gaseteria Oil / Gas Company
    • Largavista Co LLC / Corporate Office / Coworking & Hybrid Office
    • Marshall Impound Facility / Auto Repair Shop
    • Cryptic Studios / (Bike/Boat/Book/etc) Store / Photography Service

    Property Details for 364 Maspeth Ave

    Year built
    1984
    Lot size
    2.16 lot acres
    Property size
    4,022 SF
    Zone code
    M3-1
    Property type
    Auto shops
    APN
    02927-0123
    APU
    29270123

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9285
    Latitude
    40.7181
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $268,720
    $1,697,400
    $1,521,000
    $3,218,400
    -
    $3,772,000
    $3,380,000
    $7,152,000

    Comparable in this City

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      $4,900,000
      97,780 SF

      125 Maspeth Ave

      AUTO REPAIR, GARAGE • 97,780 SF
      125 Maspeth Ave, Brooklyn, NY 11211-2603
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    • Value Estimation
      $1,280,000
      2,505 SF

      359 Hooper St

      AUTO REPAIR, GARAGE • 2,505 SF
      359 Hooper St, Brooklyn, NY 11211-6410
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    • Value Estimation by Request
      0.04 Acres

      380 1st St

      AUTO REPAIR, GARAGE • 0.04 Acres
      380 1st St, Brooklyn, NY 11211-4701
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    • Value Estimation by Request
      0.06 Acres

      Keap St

      AUTO REPAIR, GARAGE • 0.06 Acres
      Keap St, Brooklyn, NY 11211
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    • Value Estimation by Request
      0.03 Acres

      1st St

      AUTO REPAIR, GARAGE • 0.03 Acres
      1st St, Brooklyn, NY 11211
      View Details
    • Value Estimation
      $9,575,000
      0.18 Acres

      196 3rd St, Unit 200

      AUTO REPAIR, GARAGE • 0.18 Acres
      196 3rd St, Brooklyn, NY 11211-5602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,430 SF

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      Established auto repair and car wash business for sale in Brooklyn.
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    • New
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      0.06 Acres

      Mixed-Use Brooklyn Investment Opportunity

      Mixed-use property with renovation potential in prime Williamsburg.
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    • $3,500,000
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      Williamsburg Mixed-Use Building For Sale

      Mixed-use building in prime Williamsburg location with income potential.
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    Similar Nearby for Lease

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      4,400 SF

      Former Auto Body Shop Space

      Prime location, former auto body shop with flexible zoning.
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      Williamsburg Retail Space For Rent

      New retail space in prime Williamsburg location.
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      Retail Spaces Available For Rent

      Retail spaces available, ranging from 400 to 2,475 SqFt.
      326-328 Graham Ave, Brooklyn, NY 11211
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    • Contact for pricing
      5,000 SF

      Lorimer Street Retail/Manufacturing Space

      5,000 SF space near L & G train in Williamsburg.
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      2,000 SF

      Williamsburg Turnkey Restaurant Opportunity

      Turnkey restaurant in Williamsburg neighborhood of Brooklyn with corner location.
      317 Union Ave, Brooklyn, NY 11211
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      700 SF

      Williamsburg Retail Space Available

      700 SF retail space with basement storage in Williamsburg.
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      View Details
    Request Owner's contact information
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    364 Maspeth Ave
    Brooklyn, NY 11211-1704
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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