981 Halsey StBrooklyn, NY 11207

Property Details for 981 Halsey St

Year built

1925

Lot size

0.01 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $151,897

  6.5%

  $140,212

  7%

  $130,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $205,790

  Geo Method

  $205,790

• Alternative Use

  Use

  Valuation

  Residential

  $118,274

  Hospitality

  $108,339

  Educational

  $90,137

  Medical

  $93,237

  Retail

  $140,212

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.686

Longitude

-73.9152

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].