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989 Halsey St 3 Unit Apartment Building $2,551,039 CAD ($850,346 CAD/Unit) 6.86% Cap Rate Brooklyn, NY 11207
Investment Highlights
- Fully gut-renovated mixed-use building offering both residential and commercial income streams.
- Two floor-through residential apartments designed with contemporary finishes and efficient features.
- Minimal anticipated near-term capital costs and strong leasing potential across all units.
- Ground-floor commercial suite includes office layout with conference room, private offices, and backyard access.
- Located in Bushwick, adjacent to popular dining, retail, and creative hubs, and supported by robust transit options.
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,551,039 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $850,346 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.86% | Building Size | 3,300 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6 - High Density Residential | ||
| Price | $2,551,039 CAD |
| Price Per Unit | $850,346 CAD |
| Sale Type | Investment |
| Cap Rate | 6.86% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,300 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Opportunity Zone |
Yes |
| Zoning | R6 - High Density Residential |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Hardwood Floors
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03401-0054 | Improvements Assessment | $66,461 CAD |
| Land Assessment | $11,787 CAD | Total Assessment | $78,248 CAD |
Property Taxes
Parcel Number
03401-0054
Land Assessment
$11,787 CAD
Improvements Assessment
$66,461 CAD
Total Assessment
$78,248 CAD
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989 Halsey St
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