192 Hale Avenue, Brooklyn, NY 11208

Property 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), currently generating $1,751.28 and $2,004.15 per month respectively — predictable income today with a clear horizon for repositioning down the road. 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.