Eight-Unit Multifamily
673 Halsey St Brooklyn, NY 11233
For Sale
Contact for pricing
Renovated eight-unit multifamily building with central heating and cooling, fully occupied and currently producing in-place income.
Property Size5,649 SF
Lot Size0.06 Acres
Price / SF$548.77
Days on Market45
Property Features for 673 Halsey St
General Information
- Standard status
- Active
- Size
- 5,649 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing Agency:
Asset CRG Advisors, LLC
(347) 762-4055
Listed By:
Sadya Liberow · License #NY
Source:
Crexi
Added: Jun 11
Changed: Jul 23
Last Checked: Jul 24 at 3:35PM
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 Asset CRG Advisors, LLC
Investment Insights
Based on property information with market context.
This eight-family multifamily building was originally constructed in 1910 and fully renovated in 2016. The property is currently configured as eight residential units and is equipped with central heating and cooling to support modern, consistent tenant comfort. All units are fully occupied, providing in-place income for an investor from day one.
The building benefits from a 15-year J-51 tax abatement that expires in 2032. After the abatement period ends, the units have the potential to transition to free-market status.
Located in Bedford-Stuyvesant, the property offers convenient public transit access, with the Halsey Street (J) and Chauncey Street (J/Z) subway stations within walking distance.
The building benefits from a 15-year J-51 tax abatement that expires in 2032. After the abatement period ends, the units have the potential to transition to free-market status.
Located in Bedford-Stuyvesant, the property offers convenient public transit access, with the Halsey Street (J) and Chauncey Street (J/Z) subway stations within walking distance.
Key Highlights
- Eight‑family multifamily building on 673 Halsey St, Brooklyn, originally built in 1910
- Fully renovated in 2016 and configured as 8 residential units
- Approximately 5,649 built SF on a 2,700 SF lot
Financial Insights For Apartment 5plus
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 | $320.0k | $56.64 |
| − Vacancy | −$6.4k | −$1.13 |
| EGI | $313.6k | $55.51 |
| − OpEx | −$141.1k | −$24.98 |
| NOI | $172.5k | $30.53 |
5,649 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.46M
$2.16M – $2.87M
NOI $172,458 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.68M
$4.09M – $5.46M
NOI $327,416 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Renovated eight-unit multifamily building with central heating and cooling, fully occupied and currently producing in-place income.
Where is this apartment building located?
The property is located at 673 Halsey St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Eight‑family multifamily building on 673 Halsey St, Brooklyn, originally built in 1910; Fully renovated in 2016 and configured as 8 residential units; Approximately 5,649 built SF on a 2,700 SF lot
