1616 Voorhies Avenue, Brooklyn, NY 11235

Listing office Citi Star Realty c***@yahoo.com Show Phone

Listing date Apr 17, 2024

Source Crexi

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Overview

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.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Brooklyn

County

Kings

State

New York

Longitude

-73.952326

Latitude

40.585622

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FAQs

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.