537 Halsey Street Brooklyn, NY 11233
MULTI_FAMILY - Brooklyn, NY
Property Features for 537 Halsey Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 5, Bathroom 2
- Patio and Porch features
- Patio
- Interior features
- Central Air - Split, Dishwasher, Microwave, Patio Garden, Refrigerator, Stove, Washer
- Basement
- Full, Finished
- 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 agent Gamal Hasan (718) 768-4500
Listing office Bellmarc 715 5th Avenue, Brooklyn, NY (718) 768-4500
Listing date May 29, 2026
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.
Investment Insights
Based on property information with market context.
The property is located in Brooklyn’s Bedford-Stuyvesant Historic District and is zoned R6B. It also offers convenient access to the A and C subway lines and is near local amenities including Saraghina, Bar LunAtico, and Herbert Von King Park. Renovations include new electrical wiring, plumbing, and a central HVAC system.
Key Highlights
- Fully renovated three‑story brownstone with a finished cellar, built in 1899
- Upper duplex offers 3 bedrooms and 2.5 bathrooms with open‑concept living, dining, and a chef’s kitchen
- Chef’s kitchen with custom cabinetry, waterfall countertop island, and includes dishwasher, microwave, refrigerator, and stove
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 | $155.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $152.1k | $50.03 |
| − OpEx | −$45.6k | −$15.01 |
| NOI | $106.5k | $35.02 |
