1231 Halsey StBrooklyn, NY 11237

This 8-unit apartment building, located at 1231 Halsey Street in Brooklyn, NY 11237, presents a compelling investment opportunity. Built in 1910 and renovated in 2018, this four-story brick building boasts 6,890 square feet of net rentable space, situated on a 26.42' x 100' lot. The property features a full basement and a sizable 925 square foot rear garden. With eight units, each priced at $262,500, the asking price for the entire building is $2,100,000, reflecting a price per square foot of $304.79 and a 5.67% cap rate. The property generates a Net Operating Income (NOI) of $119,092. Its prime location in Bushwick, steps from the L train and Irving Square Park, ensures strong rental demand and a steady rent roll. Low taxes and a buildable floor area ratio (FAR) further enhance its investment potential. This well-maintained property offers a solid return on investment for a discerning buyer. Financial details are available upon request.