981 Halsey St Brooklyn, NY 11207
For Sale
1 / 12
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.
-
Samir Hair Braiding Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R6 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.