Established Pizzeria Restaurant
For Sale
$1,888,000
330 Halsey Street, Brooklyn, NY 11216
Operating at this address since 2011, the pizzeria is positioned near established retail, service, and fitness businesses.
Property Size2,630 SF
Days on Market289
Property Features for 330 Halsey Street
General Information
Standard status
Active
Size
2,630 SF
Total Parking Spaces
6
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,454
Building Details
Building Size
2,630 SF
Year Built
1910
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Maurafinnegan
Added: Nov 14, 2025
Changed: Aug 29
Last Checked: Aug 25 at 9:23AM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
This conventional restaurant business operates as a pizzeria at 330 Halsey Street in Brooklyn. The operation has been established at this location since 2011 and is described as an absentee-run business. The property’s original building dates to 1910.
The restaurant is situated in Bed-Stuy, several blocks from Nostrand Avenue and Fulton Avenue. Nearby businesses and destinations include USPS, UPS, The Home Depot, Walgreens, Bank of America, Planet Fitness, Shake Shack, and McDonald’s. The Barclays Center, Brooklyn Children’s Museum, and Prospect Park Zoo are also within minutes of the location.
The restaurant is situated in Bed-Stuy, several blocks from Nostrand Avenue and Fulton Avenue. Nearby businesses and destinations include USPS, UPS, The Home Depot, Walgreens, Bank of America, Planet Fitness, Shake Shack, and McDonald’s. The Barclays Center, Brooklyn Children’s Museum, and Prospect Park Zoo are also within minutes of the location.
Key Highlights
- Pizzeria business operating at 330 Halsey Street since 2011
- Absentee‑run restaurant operation
- Located in Bed‑Stuy near Nostrand Avenue and Fulton Avenue
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
$152,435
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
8.07%
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%
$3,048,700
$3.0M
Cap Rate 7%
$2,177,643
$2.2M
Cap Rate 9%
$1,693,722
$1.7M
Market Conditions
NOI Build-Up for 2,630 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
$220.9K $84.00/SF
− Vacancy
−$17.7K −$6.72/SF
EGI
$203.2K $77.28/SF
− OpEx
−$50.8K −$19.32/SF
NOI
$152.4K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,048,700
Cap Rate 7%
$2,177,643
Cap Rate 9%
$1,693,722
Alternative Uses
Best Use
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,435 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,068
Businesses Nearby
106k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 28%
Groceries 11%
Electronics 1%
McDonald's
Dining
37,615 visits/mo
0.2 miles
Sunoco
Shops & Services
14,076 visits/mo
0.4 miles
7-Eleven
Shops & Services
13,294 visits/mo
0.4 miles
Bravo Supermarkets
Groceries
11,307 visits/mo
0.5 miles
Burger King
Dining
9,347 visits/mo
0.5 miles
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Soldier — 1444 Fulton St, Brooklyn, NY 11216
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating at this address since 2011, the pizzeria is positioned near established retail, service, and fitness businesses.
Where is this conventional restaurant located?
The property is located at 330 Halsey Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Pizzeria business operating at 330 Halsey Street since 2011; Absentee‑run restaurant operation; Located in Bed‑Stuy near Nostrand Avenue and Fulton Avenue
