Bedford-Stuyvesant Brownstone
For Sale
$2,050,000
Pending
113 Halsey St, Brooklyn, NY 11216
Classic brownstone in prime location with great potential.
Property Size2,880 SF
Lot Size0.02 Acres
Days on Market285
Property Features for 113 Halsey St
General Information
Standard status
Pending
Size
2,880 SF
Lot size
0.02 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,453
Building Details
Building Size
2,880 SF
Year Built
1901
Stories
3
Listing Agency:
Excell Choice Realty
Listed By:
Jeloni Cunningham
(718) 705-4646
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 21
Last Checked: Sep 8 at 7:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Excell Choice Realty
Investment Insights
Based on property information with market context.
This classic brownstone townhouse is located in Bedford-Stuyvesant. The property is currently configured as a single-family residence with 6 bedrooms and 3 bathrooms. The four-story building includes a basement and offers significant upside potential. The building dimensions are 16 x 45 feet, situated on a 16 x 63 foot lot. The basement houses the boiler and hot water tank and features a high ceiling. The ground level comprises a living room, dining area, kitchen, and bathroom. The parlor level includes 2 bedrooms with a pocket door and high ceilings. The second floor contains a full bathroom and 2 additional bedrooms. The third floor features 1 bedroom, a bathroom, and a kitchen. The property is in a great location, close to transportation and stores, but needs some TLC.
Key Highlights
- Classic brownstone townhouse in Bedford‑Stuyvesant
- Configured as a 1‑family with 6 bedrooms and 3 bathrooms
- Four stories with a basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,923
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,758,460
$1.8M
Cap Rate 7%
$1,256,043
$1.3M
Cap Rate 9%
$976,922
$976.9K
Market Conditions
NOI Build-Up for 2,880 SF
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.
Gross rent
$163.1K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$159.9K $55.51/SF
− OpEx
−$71.9K −$24.98/SF
NOI
$87.9K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,758,460
Cap Rate 7%
$1,256,043
Cap Rate 9%
$976,922
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,923 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,925 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,968
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Classic brownstone in prime location with great potential.
Where is this multifamily property located?
The property is located at 113 Halsey St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Classic brownstone townhouse in Bedford‑Stuyvesant; Configured as a 1‑family with 6 bedrooms and 3 bathrooms; Four stories with a basement
