MultiFamily Property at 673 Halsey Street in Brooklyn

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 inplace 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.