1231 Halsey StBrooklyn, NY 11237

Property Details for 1231 Halsey St

Year built

1906

Lot size

0.06 AC

Property size (Sq ft)

6,890 SF

Zone code

R6

Property type

Apartment buildings

APN

03406-0056

APU

34060056

Description

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.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6938

Longitude

-73.9076

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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