Listed by Verada
$2,095,000
989 Halsey Street
Details
Property Type Multifamily, Office
Sub Type Apartment Building
Square Footage 980
Units 2
Cap Rate 6.00%
NOI $127,000
Occupancy 100%
Tenancy Multi
Investment Type Stabilized
Ground Lease No
Multifamily | 6.00% CAP | 2 Units
Marketing description
Verada, as exclusive agent, is pleased to offer for sale 989 Halsey Street, a renovated two-family mixed-use townhouse in Bushwick, Brooklyn.
The property features two residential apartments and a finished lower-level office/commercial space with private rear yard access.
Both residential units are leased through mid-2027, generating $103,800 annually in durable residential income.
The commercial space is currently owner-occupied at $4,950/month and vacating soon.
Investment highlights
- Renovated two-family townhouse
- 2 residential apartments (fully leased through mid-2027)
- Lower-level office/commercial space: 980 SF
- Private rear yard access
- Strong residential income: $103,800 annually
- Low operating costs, low real estate taxes
- Flexible use: suits investor or owner-user
- One of Brooklyn's fastest-growing residential corridors
- Strong mix of young professionals, creatives, and long-term residents
- Active retail, F&B, and arts/culture scene along Halsey St and surrounding blocks
- Significant new residential development driving neighborhood demand
- Close to J/Z (Halsey St), A/C (Utica Ave), and L (DeKalb Ave) subway lines
- Proximity to Ridgewood and Bed-Stuy, expanding buyer and tenant pool
- Low real estate taxes relative to surrounding submarkets
Listing Contacts
Listed by Verada
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,000.00
$10,583.33/mo
Valuation Metrics
0
DSCR
6.06%
Cap Rate
6.06%
ROI
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