Two-Family Brownstone
For Sale
$2,150,000
347 Halsey St., Brooklyn, NY 11216
Five bedrooms and three bathrooms are arranged across two residential units.
Property Size3,000 SF
Price / SF$716.67
Days on Market187
Property Features for 347 Halsey St.
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family Home
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1899
Year Renovated
2011
Stories
3
Listing Agency:
CRYSTIN & CO REALTY LLC
Listed By:
Crystin Drowlette
(518) 986-5484
Source:
Crystinandcorealty
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 26 at 3:51AM
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 CRYSTIN & CO REALTY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family brownstone dates to 1899 and contains approximately 3,000 square feet, with five bedrooms and three bathrooms. The owner will remove the kitchen and bathroom on the parlor or ground floor at the buyer’s request.
The property is located at 347 Halsey St. in Brooklyn’s Bedford-Stuyvesant neighborhood.
The property is located at 347 Halsey St. in Brooklyn’s Bedford-Stuyvesant neighborhood.
Key Highlights
- Two‑family brownstone built in 1899
- Approximately 3,000 square feet
- Five bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,369
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Five bedrooms and three bathrooms are arranged across two residential units.
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; Approximately 3,000 square feet; Five bedrooms and three bathrooms
