Renovated Duplex With
For Sale
$2,195,000
537 Halsey Street, Brooklyn, NY 11233
Residential, Brooklyn, NY
Property Size3,040 SF
Lot Size0.04 Acres
Price / SF$722.04
Days on Market143
Property Features for 537 Halsey Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 5, Bathroom 4
Patio and Porch features
Patio
Interior features
Central Air - Split, Dishwasher, Microwave, Patio Garden, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Bedford Stuyvesant
Standard status
Active
Size
3,040 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4231
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Ceramic
Building materials
Masonry
Roof type
Flat
Listing Agency:
Bellmarc
Listed By:
Gamal Hasan
(718) 768-4500
Added: May 29
Changed: Oct 13
Last Checked: Oct 18 at 1:06AM
MLS# 501863
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 3,040-square-foot masonry brownstone, built in 1899, contains an upper duplex and a separate garden-level apartment. The main residence spans three stories and includes three bedrooms, two-and-a-half bathrooms, a finished cellar, laundry area, hardwood and ceramic flooring, and a private garden. Its kitchen is equipped with a waterfall island, custom cabinetry, dishwasher, microwave, refrigerator, and stove. The lower apartment offers two bedrooms, one bathroom, and its own entrance.
Major building updates include new electrical wiring, new plumbing, and central HVAC. The property sits on a 0.043-acre lot, is zoned R6B, and includes a patio. Nearby destinations named in the property information include Saraghina, Bar LunAtico, and Herbert Von King Park, with access to the A and C subway lines.
Major building updates include new electrical wiring, new plumbing, and central HVAC. The property sits on a 0.043-acre lot, is zoned R6B, and includes a patio. Nearby destinations named in the property information include Saraghina, Bar LunAtico, and Herbert Von King Park, with access to the A and C subway lines.
Key Highlights
- 3,040‑square‑foot masonry brownstone on a 0.043‑acre lot
- Upper duplex plus separate‑entry garden‑level apartment with 2 bedrooms and 1 bathroom
- Main residence includes 3 bedrooms, 2.5 bathrooms, and a finished cellar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,466
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,129,320
$2.1M
Cap Rate 7%
$1,520,943
$1.5M
Cap Rate 9%
$1,182,956
$1.2M
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$155.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$152.1K $50.03/SF
− OpEx
−$45.6K −$15.01/SF
NOI
$106.5K $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%
$2,129,320
Cap Rate 7%
$1,520,943
Cap Rate 9%
$1,182,956
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,466 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,808 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$2.52M
$2.20M – $2.94M
NOI $176,198 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,932
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
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 - Two residences include a separate-entry apartment and private outdoor space in Brooklyn’s Bedford-Stuyvesant Historic District.
Where is this duplex located?
The property is located at 537 Halsey Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 3,040‑square‑foot masonry brownstone on a 0.043‑acre lot; Upper duplex plus separate‑entry garden‑level apartment with 2 bedrooms and 1 bathroom; Main residence includes 3 bedrooms, 2.5 bathrooms, and a finished cellar
