Closed 07/07/2013

6,750 SF Corner Mixed-Use Building For Sale

616 Halsey Street

Bedford-Stuyvesant

Closed 07/07/2013 at
$1,500,000

Total Units 7
Residential Units 6
Commercial Units 1
Gross SF 6,746
Cross Streets Stuyvesant Ave & Malcolm X Blvd
Subways
a
c
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Retail/Mixed-Use 616 Halsey Street, Bedford-Stuyvesant
Matthew Cosentino
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Details

Block_Lot 1666_41
Lot Size 21.08 ft x 80 ft
Building Size 21.08 ft 80 ft
Zoning C2-4/R6A
Stories 3

Overview

The corner mixed use building located at 616 Halsey Street is now offered for sale. The property is located on Halsey Street between Stuyvesant Avenue and Malcolm X Boulevard in the Stuyvesant Heights section of Bedford Stuyvesant.

The huge 6,750 SF corner property contains 6 large three bedroom residential units and 1 ground floor retail space, 4 of the residential apartments will be delivered vacant.

The retail space is currently paying $2,555/month and pays 1/3 of the tax expense (the retail space has 4% annual increases). The residential units are true 3 bedroom apartments with rent potential on the vacant units of $2,400/month. The rent potential of the building when the vacant units are occupied is about $160,000/year

 

Attractions

The Stuyvesant Heights Historic District contains some of the most beautiful brownstones and tree lined streets in all of New York. The property is conveniently located within close proximity to the Utica Avenue A & C subway station. The building is also located near many of the new cafes and bars opening in the area including Peaches Restaurant, Saraghina and Liquid Oz Cafe.

Fulton Park
Barclays Center

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