859 Halsey Street, Brooklyn, NY 11233

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$2,900,000 List Price
Off Market
 
Listing ID 10590292
Property Type Multi-Unit (5+)
County Kings
Township Kings
Neighborhood Bedford Stuyvesant
FEMA Flood Map fema.gov/portal
Year Built 1910
   
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Beautiful 6 Family investment property

*All six (6) units are FREE MARKET non-stabilized apartments* *Trains and shopping one block away.* Renovated free market floor thru apartments* 859 Halsey Street is a 25' wide 4,875 sq ft three (3) story six (6) unit townhouse. Located between Saratoga and Howard and facing Saratoga Park. Built 25 X 65 on three floors, 859 Halsey offers substantial income and spacious free-market units. The units have renovated kitchens, new appliances, and modern bathrooms. All of the apartments provide new central heating and air conditioning installed in 2019. Other updates to the building include new electrical wiring and plumbing, (replaced in 2008) and a new roof. (replaced in 2017) The beautiful common hallways retain their pre-war elegance and have been renovated and restored. The large basement offers 7'10" ceilings, washer and dryer, bike space, storage, and rear yard gardens. This solid investment opportunity provides an annual income of $187,200, $155,003 NOI, and a 5.34 cap rate. Easy street parking, or a 2-minute walk to the J train at Halsey St and a 10-minute walk to the C train at Ralph Avenue.
Property Details
  • 6 Full Baths
  • 1 Half Bath
  • 4875 SF
  • 2500 SF Lot
  • Built in 1910
  • Renovated 2019
  • 3 Stories
  • Full Basement
  • 1625 Lower Level SF
  • Lower Level: Partly Finished, Walk Out
  • Renovation: Five of six apartments completely renovated including central A/C, kitchens, appliances and electric
Unit Information
Unit #1 – Gross Area: 813, Rent Price: 2800, Bedrooms: 2, Full Baths: 1, Occupied
Unit #2 – Gross Area: 1000, Rent Price: 3200, Bedrooms: 3, Full Baths: 1, Half Baths: 1, Occupied
Unit #3 – Gross Area: 813, Rent Price: 2300, Bedrooms: 2, Full Baths: 1, Occupied
Unit #4 – Gross Area: 813, Rent Price: 2100, Bedrooms: 2, Full Baths: 1, Occupied
Unit #5 – Gross Area: 813, Rent Price: 2600, Bedrooms: 2, Full Baths: 1, Occupied
Unit #6 – Gross Area: 813, Rent Price: 2600, Bedrooms: 2, Full Baths: 1, Occupied
Interior Features
  • Hardwood Flooring
  • Forced Air
  • 5 Heat/AC Zones
  • Oil Fuel
  • Natural Gas Avail
  • Central A/C
  • 200 Amps
Exterior Features
  • Masonry - Brick Construction
  • Stone Siding
  • Rubber Roof
  • Park View
  • Near Bus
  • Near Train
Commercial Info
  • 5% Cap. Rate
Income/Expenses
  • Gross Income $187,200
  • Net Income $155,003
  • Maintainence Exp $3,726
  • Insurance Exp $3,516
  • Heat Exp $5,318
  • Electric Exp $5,318
  • Water Exp $6,985
  • Misc Exp $7,335
  • Total Exp $32,197
  • Paid by Landlord: Heat, Gas, Water, Insurance
Previously Listed By
IVEY NORTH
Ayanna Barton
IVEY NORTH
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