673 Halsey St

Highlights:

• 3-story eight-family building in the Bedford-Stuyvesant neighborhood of Brooklyn.
• Originally built in 1910 and fully renovated in 2016, the property sits on a 2,700 SF lot with a three-story stone building of approximately 5,649 SF, currently configured as eight residential units.
• Residential units are fully occupied, providing stable in-place income.
• Building is equipped with central heating and cooling, providing modern mechanical systems and enhanced tenant comfort.
• Property benefits from a 15-year J-51 tax abatement expiring in 2032, providing long-term tax advantages for ownership.
• Units can achieve free market status upon expiration of J-51.
• Conveniently located near the Halsey Street Station (J train) and Chauncey Street Station (J/Z trains).

Description:

Asset CRG Advisors, LLC has been exclusively retained to market 673 Halsey St, an eight-family multifamily building located in the Bedford-Stuyvesant neighborhood of Brooklyn. Originally built in 1910 and fully renovated in 2016, the property consists of approximately 5,649 built square feet situated on a 2,700 square foot lot and is currently configured as eight residential units. The building is equipped with central heating and cooling, providing modern mechanical systems and enhanced tenant comfort throughout.

All residential units are fully occupied, providing stable in-place income and immediate cash flow for investors. The property benefits from a 15-year J-51 tax abatement expiring in 2032, offering substantial tax savings and enhanced investment returns over the remaining term. Upon expiration of the J-51 program, the units have the potential to transition to free-market status, presenting a compelling opportunity for future rental growth.

673 Halsey St is ideally located in the Bedford-Stuyvesant neighborhood of Brooklyn, a thriving residential community known for its historic brownstones, strong rental demand, and continued investment activity. The property is within walking distance of the Halsey Street (J) and Chauncey Street (J/Z) subway stations, providing convenient access to Williamsburg, Downtown Brooklyn, and Manhattan.

The surrounding area offers a wide range of neighborhood amenities, including local restaurants, cafes, retail corridors, and parks. Benefiting from strong transportation connectivity and a growing residential population, Bedford-Stuyvesant remains one of Brooklyn’s most desirable neighborhoods for both residents and investors.

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