Two-Family Brownstone
For Sale
$2,150,000
347 Halsey St., Brooklyn, NY 11216
Residential Income, Brooklyn, NY
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$716.67
Days on Market187
Property Features for 347 Halsey St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Subdivision
Bedford-Stuyvesant
Standard status
Active
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
Listed By:
Maria Flateau
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 27 at 3:06AM
MLS# 11688168
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.
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Investment Insights
Based on property information with market context.
This two-family brownstone in Brooklyn has five bedrooms, three bathrooms, and hardwood flooring. Constructed in 1899, it occupies a 0.0459-acre lot and has a public water source. At the buyer’s request, the owner will remove the kitchen and bathroom on the parlor or ground floor.
Key Highlights
- Two‑family brownstone with 5 bedrooms and 3 bathrooms
- Built in 1899
- Sited on a 0.0459‑acre lot
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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The 1899 Brooklyn residence has hardwood flooring and a two-family configuration.
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 with 5 bedrooms and 3 bathrooms; Built in 1899; Sited on a 0.0459‑acre lot
