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About This Home

This 8-bedroom, 3-bathroom residential multi family at 192 Hale Avenue in Brooklyn, NY is listed for $1,149,888. Built in 1901, on a 0.05 acres lot.

Agent Description

Presenting 192 Hale Avenue - a solid three-family home with a bonus rear, offering a rare combination of immediate income and built-in upside in Brooklyn's Cypress Hills neighborhood. Set on a 23 x 100 lot with approximately 3,072 sq. ft. of building space across three stories (built 1901), this is exactly the kind of well-positioned multifamily that today's investors and owner-occupants are searching for.

The unit mix is the story here. The first-floor two-bedroom will be delivered vacant at closing - move-in ready for an owner-occupant or open for an incoming tenant at market rent. The second- and third-floor three-bedroom units are occupied by long-term, stable tenants (18 years in place) each contributing $2,000/month with leases running through May 2027 - predictable income today with a clear horizon for repositioning down the road.

A bonus structure of approximately 1,000 sq. ft., also delivered vacant, offers extra space for the buyer with vision; it needs work, but the potential is real. Behind the walls, the building is set up for efficiency: four separate electric meters, one oil boiler, and one hot water heater.

The full, unfinished basement has already been excavated to roughly seven feet with two exterior entrances (front and rear) - the heavy lifting is done for a buyer looking to add value below grade. Location is a genuine advantage. The J train, Highland Park, the Jackie Robinson Parkway, and a full range of neighborhood conveniences are all close at hand, with Manhattan well within commuting reach.

Zoned R5B on a residential block in a neighborhood drawing steady attention all type of buyers, 192 Hale Avenue is a flexible, income-producing entry point into Brooklyn ownership.

Key Features

  • Built in 1901
  • 0.05 acre lot

Property Details

3 full
1901

Monthly Cost Estimate

$6,150/mo

20% down · 6.5% · 30 years

Principal$832
Interest$4,983
Insurance$335

Estimates only. Actual payments may vary.

Location

192 Hale Avenue

Brooklyn, NY 11208

Features & Amenities

Interior Features

First Floor Bedroom

Property Details

Construction

Brick

Heating

Natural Gas

Questions & Answers

This 8-bedroom, 3-bathroom residential multi family at 192 Hale Avenue is listed at $1,149,888. The estimated monthly payment is $4,983 based on 20% down at 6.5% interest.

Key features include: Built in 1901, 0.05 acre lot. Interior Features: First Floor Bedroom.

This property is listed by Philip Ross SRS and can be reached at 9175029420 or philip@theysellrealestate.com.

PS

Philip Ross SRS

Agent at EXP Realty

(917) 502-9420

Listed by EXP Realty · View on Broker Site

MLS# 1013148· Source: listhub· Updated 22 days ago

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192 Hale Avenue, Brooklyn, NY 11208

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