Updated 5 years ago
Sold
859 Halsey Street
Bedford Stuyvesant, Brooklyn | Howard Ave & Saratoga Ave
20 Rooms7 Beds6 Baths4,875 Square FeetMulti-Family
$2,599,000
floors / apts3 / 6
Lot Size25'x100'
Built Size25'x65'
ZoneR6B
Building TypeTownhouse
RE Taxes$8,543
Price Per SF
$533
This property was sold for $2,599,999 on 12/22/21.
Listing Features
- Architectural Dtls
- High Ceilings
- Restored Details
- Skylights
- Central AC
- Central Heat
Outdoor space and views
- City Views
- Treeline Views
Building Amenities
- Voice Intercom
- Bike Storage
- Garden
- Laundry Room
- Storage
Property Description for 859 Halsey Street
*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.
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.
Listing History for 859 Halsey Street
Now
12/22/2021
$2,599,999
Sold and Closed by Abdul Muid
Ivey North
11/09/2021
Contract Signed by Abdul Muid
Ivey North
Building Details for 859 Halsey Street
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/6
Transit and Citi Bike
Subway
Halsey St
0.1 miles
Gates Av
0.34 miles
Chauncey St
0.45 miles
Ralph Av
0.49 miles
Citi Bike
Broadway & Hancock St
0.1 miles
Macon St & Howard Ave
0.12 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 75667TH
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