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Property profile & analytics
FOR SALE
Retail space

981 Halsey St Brooklyn, NY 11207

625 SF 0.01 ac lot Built 1925
Individually Owned 3-yr Hold Free & Clear
Property ID
US63-5930528
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1925
Total area 625 SF
Lot 0.01 ac (625 SF)
Zoning code R6
APN 03401-0060
UPID US63-5930528
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Samir Hair Braiding Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
$460k
Comparable Approach Comparable
$510k
Blend (final) Blend
$565k
Owner & transaction history
Mohammad Naseem Rana · 3 yrs held
Mohammad Naseem Rana
since 2022
Last sale
$580,000
2 recorded transactions
2022
$580,000
2022
$265,000
Zoning & alternative use
R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $495,000 +3.2%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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