859 Halsey Street, Brooklyn, NY 11233

18 Photos
 
$2,599,000 Sold Price
Sold on 12/22/2021
 
Listing ID 11026473
Property Type Multi-Unit (5+)
County Kings
Township Kings
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Neighborhood Bedford Stuyvesant
Total Tax $8,521
Year Built 1910
   
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Turn-Key 6 Family Investment Property

*Trains and shopping one block away. Renovated free-market floor thru apartments* 859 Halsey is an impeccably maintained 25' wide townhouse featuring six fully-occupied free-market apartments yielding approximately a 5.28% capitalization rate. This turnkey building faces Saratoga Park. It offers an excellent opportunity to own an investment property in a great neighborhood. The units are in perfect condition, five of which are newly renovated, all six apartments have central A/C. The roof, facade, and mechanicals are in excellent condition. In addition, the common hallway areas are renovated and restored. Tenants have access to laundry and bike storage in the basement. This outstanding location offers various shopping, nightlife, and accessible transportation options, including the J train at Halsey and the C at Ralph Ave. The high-income potential and beautifully maintained units, along with the superior condition and location of this property, make this an exceptional investment opportunity.
IVEY NORTH
Property Details
  • 6 Full Baths
  • 1 Half Bath
  • 4875 Sq. Ft.
  • 2500 Sq. Ft. Lot
  • Built in 1910
  • Renovated 2019
  • 3 Stories
  • Available 9/27/2021
  • Full Basement
  • 1625 Lower Level Sq. Ft.
  • Lower Level: Walk Out
  • Renovation: Five of six apartments completely renovated including central A/C, kitchens, appliances and electric
Unit Information
Unit #1Residential, Gross Area: 1179, Rent Price: 2700, Bedrooms: 3, Full Baths: 1, Half Baths: 1, Occupied
Unit #2Residential, Gross Area: 813, Rent Price: 2900, Bedrooms: 2, Full Baths: 1, Occupied
Unit #3Residential, Gross Area: 813, Rent Price: 2300, Bedrooms: 1, Full Baths: 1, Occupied
Unit #4Residential, Gross Area: 813, Rent Price: 1500, Bedrooms: 2, Full Baths: 1, Occupied
Unit #5Residential, Gross Area: 813, Rent Price: 2900, Bedrooms: 2, Full Baths: 1
Interior Features
  • Hardwood Flooring
  • Forced Air
  • 6 Heat/AC Zones
  • Oil Fuel
  • Natural Gas Avail
  • Central A/C
  • 200 Amps
Exterior Features
  • Masonry - Brick Construction
  • Stone Siding
  • Rubber Roof
  • Other Water
  • Other Waste Removal
  • Park View
  • Near Bus
  • Near Train
Commercial Info
  • 5% Cap. Rate
Income/Expenses
  • Gross Income $175,200
  • Net Income $137,279
  • Maintainence Exp $2,000
  • Insurance Exp $9,100
  • Heat Exp $10,800
  • Water Exp $7,500
  • Paid by Landlord: Heat, Water, Insurance
Taxes and Fees
  • $8,521 Total Tax
  • Tax Year 2021
Previously Listed By
IVEY NORTH
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