981 Halsey St Brooklyn, NY 11207

Property Details for 981 Halsey St

Year built

1925

Lot size

0.01 lot acres

Property size

625 SF

Zone code

R6

Property type

Retail space

APN

03401-0060

APU

34010060

Description

This exceptional investment opportunity presents a fully leased, single-story commercial building at 981 Halsey Street in Brooklyn, NY's vibrant Bushwick neighborhood. The property boasts 625 square feet across two retail units, situated on a 25 x 25 foot lot (Block/Lot: 3401/60). One unit, a hair salon, has three years remaining on its lease; the other, a newly established convenience store, is under a five-year lease. Recent renovations include a new storefront, bathrooms, flooring, a full basement, a new roof, and fresh exterior paint. Built in 1925, the building is zoned R6, C1-3, with a FAR of 1.0. The property generates a strong NOI of $44,992, resulting in an attractive 7.60% cap rate. Its prime location offers excellent visibility and convenient access to the J subway line and the bustling commercial corridor of Broadway, providing ample foot traffic and customer accessibility. This is a rare chance to acquire a stable, high-return investment in a rapidly growing area of Brooklyn. The asking price is $895,000.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9152

Latitude

40.686

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments