Three-Unit Brooklyn
New
For Sale
$2,095,000
617 HALSEY St, Brooklyn, NY 11233
Three apartments include a garden-level duplex with private outdoor space and two upper-floor residences.
Property Size750 SF
Price / SF$1,058
Days on Market4
Property Features for 617 HALSEY St
General Information
Standard status
Active
Size
750 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
3
Additional Details
Gross Income
$96,600
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,972
Building Details
Building Size
750 SF
Year Built
1899
Stories
2
Units
3
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Alex Salem · License #40SA1050114
(646) 522-6162
Source:
Elliman
Added: Oct 30
Last Checked: Nov 1 at 6:35AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 1899 townhouse contains three residential units within approximately 1,980 square feet. The garden-level residence is a three-bedroom, two-bath duplex with private garden space; the other two apartments each have two bedrooms. The property sits on a 16.67-by-100-foot lot, with a layout spanning the garden level and two upper floors.
The address is in the Stuyvesant Heights area of Brooklyn, near the A and C trains at Utica Avenue and the J and Z trains at Gates Avenue. Walk Score is 92, Transit Score is 98, and Bike Score is 67.
The address is in the Stuyvesant Heights area of Brooklyn, near the A and C trains at Utica Avenue and the J and Z trains at Gates Avenue. Walk Score is 92, Transit Score is 98, and Bike Score is 67.
Key Highlights
- Three residential units in approximately 1,980 square feet
- Built in 1899 on a 16.67‑by‑100‑foot lot
- Garden‑level three‑bedroom, two‑bath duplex with private garden space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,343
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,860
$1.4M
Cap Rate 7%
$990,614
$990.6K
Cap Rate 9%
$770,478
$770.5K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$101.0K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$99.1K $50.03/SF
− OpEx
−$29.7K −$15.01/SF
NOI
$69.3K $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%
$1,386,860
Cap Rate 7%
$990,614
Cap Rate 9%
$770,478
Alternative Uses
Best Use
Multifamily LT 5
$990.6K
$866.8K – $1.16M
NOI $69,343 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$863.5K
$755.6K – $1.01M
NOI $60,447 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,761 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,815
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include a garden-level duplex with private outdoor space and two upper-floor residences.
Where is this triplex located?
The property is located at 617 HALSEY St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Three residential units in approximately 1,980 square feet; Built in 1899 on a 16.67‑by‑100‑foot lot; Garden‑level three‑bedroom, two‑bath duplex with private garden space
