Property Description

Pesenting 192 Hale Avenue - a solid three-family home with a detached rear structure, 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 (13 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 rear structure of approximately 1,000 sq. ft., also delivered vacant, offers bonus 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 from investors alike, 192 Hale Avenue is a flexible, income-producing entry point into Brooklyn ownership.

Property Features

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