301 Halsey Street Brooklyn NY 11216 Mixed Use Property For Sale $2,500,000

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NY Commercial Real Estate Investment Sales | Besen Partners
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301 Halsey Street Brooklyn New York 11216

Building/Land Information
Property Type
Mixed Use
Property Subtype
Mixed Use
Property Classification Description
Mixed-Use Building (C7)
Zoning
R6B
Lot Size Acres
0.06
Census Tract
275
301 Halsey Street Brooklyn NY 11216 For Sale $2,500,000
Sale Price Dollars
$2,500,000.00
Market
Bedford-Stuyvesant
Cross Streets
Throop Avenue and Halsey Avenue (Corner Of)
Description
Built-in 1910 and renovated in 1990, this 4‐story walkup mixed-use building with 8 apartments and 3 stores consists of 11,200± SF. It is located on the northeast corner of Throop Avenue and Halsey Avenue, three blocks away from the Kingston-Throop Aves subway station on the [C] line. All residential units are rent-stabilized and the building is fully occupied.

ABOUT BEDFORD-STUYVESANT
Bedford-Stuyvesant area was first developed by wealthy German and Dutch immigrants in the mid-19th century, has since seen waves of demographic change. It remains a stronghold of black culture, nicknamed “Brooklyn’s Little Harlem.” Musicians and artists from Duke Ellington to Jay-Z, Spike Lee to Lil Kim, have memorialized what Bed-Stuy means to them. Today, older small-town traditions of community persist, a legacy imported with residents who moved in from the South. Neighbors look after each others’ kids and catch up at block parties.
With nearly 9,000 houses built before 1900, Bed-Stuy offers a feast for the eyes, showcasing jaw-dropping architectural styles that range from Italianate to Queen Anne. Many of the houses boast intact original details that are hard to find anywhere else in the city.

The neighborhood remains a home for many artists, actors, and musicians, and the cultural and culinary offerings are appropriately rich. Restaurant and bar doors open as the sun sets: cocktails at Dynaco, Nashville-style fried chicken at Peaches Hot House, Neapolitan pizza at Saraghina. Sip on one of the 45 draft beers at Brooklyn Tap House. Catch some jazz at the Sankofa Aban Bed & Breakfast, or an outdoor movie screened in one of Bed-Stuy’s green spaces.

While other smaller neighborhoods remain prohibitively expensive for younger folks or first-time homebuyers, Bed- Stuy still offers great deals for those willing to be patient or move fast.
This is among the city’s most well-preserved collections of 19th-century rowhouses. MacDonough Street, Decatur Street, and Bainbridge Street make up the Stuyvesant Heights Historic District, one of the major stops on Brooklyn’s brownstone belt. Homes come replete with details like arabesque masonry, wrought-iron fences, turrets, wide stoops, bowed windows, and animal grotesqueries — much of it the handiwork of the borough’s famous architect, Montrose Morris. Look to the northwest section of the neighborhood for newly built residential units and condos.
Location Description
Walk Up Apartments: Over Six Families With Stores
Building Dimensions 33.33' X 84'
Lot Dimensions 33.33' X 84' (Corner Lot)
Actual FAR 4
Total Units 11
Residential Units 8

Sale Information

Sale Description
Built-in 1910 and renovated in 1990, this 4‐story walkup mixed-use building with 8 apartments and 3 stores consists of 11,200± SF. It is located on the northeast corner of Throop Avenue and Halsey Avenue, three blocks away from the Kingston-Throop Aves subway station on the [C] line. All residential units are rent-stabilized and the building is fully occupied.
Sale Highlights
Built-in 1910 and renovated in 1990
4‐story walkup mixed-use building with 8 apartments and 3 stores consists of 11,200± SF
Located on the northeast corner of Throop Avenue and Halsey Avenue, three blocks away from the Kingston-Throop Aves subway station on the [C] line
All residential units are rent-stabilized and the building is fully occupied.
REVENUE
Commercial (3 Stores) = $81,468
Residential (8 Units) = $130,472
Tenant Real estate Tax Contribution = $8,726
Effective Gross Income = $220,766
Number of Lots
1
Property Use
Investment

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