673 Halsey St - Apartments FOR SALE


Brooklyn, NY 11233- Stuyvesant Heights
$3,100,000 USD
347-762-4055
673 Halsey St, Brooklyn, NY for Sale
$3,100,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

673 Halsey St
Brooklyn, NY 11233
Stuyvesant Heights


HIGHLIGHTS

  • 3-story eight-family building in the Bedford-Stuyvesant neighborhood of Brooklyn.
  • Property sits on a 2,700 SF lot with a three-story stone building of approximately 5,649 SF, currently configured as eight residential units.
  • Units are fully occupied, providing stable in-place income.
  • Equipped with central heating and cooling, providing modern mechanical systems and enhanced tenant comfort.
  • Benefits from a 15-year J-51 tax abatement expiring in 2032, providing long-term tax advantages for ownership.
  • Units can achieve free market status upon expiration of J-51.

OVERVIEW

Asset CRG Advisors, LLC has been exclusively retained to market 673 Halsey St, an eight-family multifamily building located in the Bedford-Stuyvesant neighborhood of Brooklyn. Originally built in 1910 and fully renovated in 2016, the property consists of approximately 5,649 built square feet situated on a 2,700 square foot lot and is currently configured as eight residential units. The building is equipped with central heating and cooling, providing modern mechanical systems and enhanced tenant comfort throughout. All residential units are fully occupied, providing stable inplace income and immediate cash flow for investors. The property benefits from a 15-year J-51 tax abatement expiring in 2032, offering substantial tax savings and enhanced investment returns over the remaining term. Upon expiration of the J-51 program, the units have the potential to transition to free-market status, presenting a compelling opportunity for future rental growth.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

8

PRICE/UNIT

$387,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,700 SF

ZONING

R5

APN/PARCEL ID

01663-0087

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info
347-762-4055

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Sadya LiberowAsset CRG Advisors LLCMore Info
347-762-4055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.