Two-Family Brownstone with 5
347 Halsey St. Brooklyn, NY 11216
347 Halsey St., Brooklyn, NY, 11216
$2,150,000
Pending
For Sale
$2,150,000
Pending
MULTI_FAMILY - Brooklyn, NY
Property Size3,000 SF
Lot Size0.05 Acres
Days on Market86
Property Features for 347 Halsey St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3
- Standard status
- Pending
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5551
Utilities
- Water source
- Public
Building Details
- Year built
- 1899
- Floors in Building
- 3
- Flooring type
- Hardwood
Listing Agency
FLATEAU REALTY CORP
(718) 953-2732
368A DECATUR ST, BROOKLYN, NY
Listed by
Maria Flateau
Added: Apr 24 Checked: Jul 18 at 7:06 am
MLS# 11688168
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5-bedroom, 3-bath two-family brownstone was built in 1899 and retains classic pre-war character. The property is being marketed as a two-family investment or owner-occupant residence, with the total footprint described as approximately 3,000 square feet. Per the owner, at the buyer’s request, the kitchen and bathroom on the parlor or ground floor will be removed.
Showings are by appointment, with Friday and Saturday appointments preferred. The listing describes the home as located in Bedford-Stuyvesant, Brooklyn, where it notes convenient transit access and a strong local dining and arts presence.
For tenants and buyers, the layout provides flexibility typical of a two-family brownstone, with the parlor or ground-floor kitchen and bath potentially configurable through the stated removal process. This may appeal to an owner looking to reconfigure the space for personal use, or to an investor seeking to adjust unit composition in line with their plan for the property.
Showings are by appointment, with Friday and Saturday appointments preferred. The listing describes the home as located in Bedford-Stuyvesant, Brooklyn, where it notes convenient transit access and a strong local dining and arts presence.
For tenants and buyers, the layout provides flexibility typical of a two-family brownstone, with the parlor or ground-floor kitchen and bath potentially configurable through the stated removal process. This may appeal to an owner looking to reconfigure the space for personal use, or to an investor seeking to adjust unit composition in line with their plan for the property.
Key Highlights
- Two‑family brownstone built in 1899 with approximately 3,000 sq ft
- 5 bedrooms and 3 bathrooms across the two‑family layout
- Hardwood flooring
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 1899, this two-family brownstone offers 5 bedrooms and 3 baths with possible parlor/ground-floor unit adjustments.
Where is this duplex located?
The property is located at 347 Halsey St. Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Two‑family brownstone built in 1899 with approximately 3,000 sq ft; 5 bedrooms and 3 bathrooms across the two‑family layout; Hardwood flooring
