Two-Family Brownstone Built in
347 Halsey St. Brooklyn, NY 11216
For Sale
Contact for pricing
Two-family brownstone built in 1899 with five bedrooms and three baths, sold as-is.
Property Size2,000 SF
Price / SF$1,100
Days on Market91
Property Features for 347 Halsey St.
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1899
Listing Agency:
FLATEAU REALTY CORP
(718) 953-2732
Listed By:
Maria Flateau · License #NY
Source:
Crexi
Added: Apr 24
Changed: Jul 23
Last Checked: Jul 23 at 7:08AM
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 FLATEAU REALTY CORP
Investment Insights
Based on property information with market context.
For sale: a two-family brownstone built in 1899. The home is configured with five bedrooms and three bathrooms and offers approximately 3,000 square feet of living space. The property is being sold as-is.
Located at 347 Halsey St. in Brooklyn’s Bedford-Stuyvesant area, the residence is situated in a well-established urban community. Prospective buyers should review the property’s condition and suitability for their intended use prior to purchase.
Located at 347 Halsey St. in Brooklyn’s Bedford-Stuyvesant area, the residence is situated in a well-established urban community. Prospective buyers should review the property’s condition and suitability for their intended use prior to purchase.
Key Highlights
- Two‑family brownstone built in 1899 in Brooklyn, sold as‑is.
- 5 bedrooms and 3 baths across the two‑family layout.
- Approximately 3,000 sq ft of living space.
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 | $102.0k | $51.00 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $100.1k | $50.03 |
| − OpEx | −$30.0k | −$15.01 |
| NOI | $70.0k | $35.02 |
2,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.5K – $1.17M
NOI $70,043 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 2.78%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family brownstone built in 1899 with five bedrooms and three baths, sold as-is.
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 $2,200,000.
What are key features of this property?
This property features: Two‑family brownstone built in 1899 in Brooklyn, sold as‑is.; 5 bedrooms and 3 baths across the two‑family layout.; Approximately 3,000 sq ft of living space.
