192 Hale Ave Brooklyn, NY 11208
Three-story multifamily with a vacant two-bedroom unit plus occupied three-bedrooms and a bonus rear structure for additional space.
- Added:
- Jun 20, 2026
- Days on Market:
- 24
- Last Refresh:
- Jun 21 at 1:53 am
Property Features for 192 Hale Ave
General Information
- Standard status
- Active
- Size
- 3,072 SF
- Lot size
- 0.05 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1901
Listing office eXp Realty (917) 502-9420
Listing date Jun 20, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
The property sits on a 23 x 100 lot with a full, unfinished basement that has been excavated to roughly seven feet. There are two exterior entrances to the basement, front and rear. Internally, the building is set up for separate utility billing with four separate electric meters, plus one oil boiler and one hot water heater. The home is located in Brooklyn’s Cypress Hills area, with the J train, Highland Park, and the Jackie Robinson Parkway nearby.
This configuration can fit owner-occupants seeking one unit ready for move-in while maintaining rental income from the upper floors under existing leases. It also provides an opportunity for investors or builders to incorporate the vacant bonus structure and below-grade space into a broader renovation strategy, supported by the property’s existing meter setup and basement access.
Key Highlights
- Three‑family built in 1901 with approx. 3,072 sq. ft. across three stories on a 23 x 100 lot in Cypress Hills, Brooklyn
- First‑floor 2‑bedroom will be delivered vacant at closing
- Second- and third‑floor 3‑bedroom units are occupied by long‑term tenants (18 years in place) at $2,000/month each, with leases through May 2027
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 | $118.0k | $38.40 |
| − Vacancy | −$5.3k | −$1.73 |
| EGI | $112.7k | $36.67 |
| − OpEx | −$33.8k | −$11.00 |
| NOI | $78.9k | $25.67 |
