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7722295
7722294

981 Halsey St, Brooklyn, NY 11207

Premiere Property Group, LLC
Listed by Premiere Property Group, LLC
$1,100,000
1403 days on market
Updated 4 days ago
Opportunity zone

981 Halsey Street

Details
Property Type Retail
Sub Type Storefront
Square Footage 625
Net Rentable (SqFt) 625
Units 2
Cap Rate 7.60%
NOI $44,992
Occupancy 100%
Lease Type Modified
Year Built 1925
Stories 1
Lot Size (SqFt) 625
Zoning R6, C1-3
Investment Type Value Add

Retail | 7.60% CAP | 625 SqFt

Marketing description

981 Halsey Street in Brooklyn, NY presents an exclusive opportunity to acquire a prime single-story commercial building in the desirable neighborhood of Bushwick. This newly renovated property offers two fully leased retail units with a combined size of 625 square feet. The first store is currently occupied by a hair salon, with three years remaining on their lease. The second store is home to a brand new convenience store, leased for five years. Both units have undergone extensive renovations, including a new storefront, bathroom, and flooring. The property also features a full basement, a new roof installation, and a freshly painted exterior. Positioned in a bustling commercial corridor, 981 Halsey Street enjoys excellent visibility and is just steps away from the J subway station. The location offers convenient access to shopping and dining options on Broadway, further enhancing its desirability as an investment opportunity. This prime Bushwick property is being exclusively listed by Premiere Real Estate Group Inc. with an asking price of $1,100,000. Don't miss out on this chance to acquire a fully leased commercial building in one of Brooklyn's hottest neighborhoods. Contact Shawn Sadaghati at Premiere Real Estate Group Inc. for more information.

Investment highlights

  • Block/Lot: 3401/60
  • Year Built: 1925
  • Lot Size: 25 x 25
  • Built 25 x 25
  • Building SF: 625 SF
  • Zoning: R6, C1-3
  • FAR As Built: 1.0
  • Tax Class: 4

Listing Contacts

Premiere Property Group, LLC
Listed by Premiere Property Group, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$44,992.00
$3,749.33/mo

Valuation Metrics

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DSCR
4.09%
Cap Rate
4.09%
ROI

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