Established Salon in Sheepshead
For Sale
Contact for pricing
1616 Voorhies Avenue, Brooklyn, NY 11235
Well-established salon with diverse services and high income.
Property Size6,400 SF
Price / SF$121.41
Days on Market852
Property Features for 1616 Voorhies Avenue
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Land
Building Details
Units
1
Listing Agency:
Citi Star Realty
(718) 332-6669
Listed By:
Mohamed Mahmoud · License #New York
Source:
Crexi
Added: Apr 17, 2024
Changed: Aug 10
Last Checked: Aug 14 at 10:46PM
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 Citi Star Realty
Investment Insights
Based on property information with market context.
Located in Sheepshead Bay, this established hair salon has been in operation for 22 years. The salon offers a range of services, including hair services, laser hair removal, facials, massages (including Japanese massage), manicures, pedicures, make-up application, eyelashes, tattoo & powder eyebrows, and Botox. Make-up and lash classes are also available, and there is a party room. The property benefits from a long lease with 7.5 years remaining, plus an option for another 5 years. The annual rent and expenses are $178,200, with a total annual income of $480,000, resulting in a clean income of $301,800 per year. The property is situated close to all modes of transportation and is half a block from the Sheepshead Bay train station, Sheepshead Bay Road shopping center, restaurants, and Emmons Avenue. The property size is 6,400 square feet.
Key Highlights
- High Net Income: Clean income of $301,800 per year.
- Established Business: Well‑established, first‑class hair salon with a 22‑year history.
- Favorable Lease Terms: Long lease with 7.5 years remaining and an option for another 5 years.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - Well-established salon with diverse services and high income.
Where is this specialty property located?
The property is located at 1616 Voorhies Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $777,000.
What are key features of this property?
This property features: High Net Income: Clean income of $301,800 per year.; Established Business: Well‑established, first‑class hair salon with a 22‑year history.; Favorable Lease Terms: Long lease with 7.5 years remaining and an option for another 5 years.
