Listing Notes
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.
Price in context
Cheaper than 37% of the 24 homes listed nearby right now, which run $655,000 to $1,625,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 145 Chestnut St | $655,000 | 4 bd · 2 ba |
| 150 Ridgewood Ave | $699,000 | 5 bd · 3 ba |
| 38 Shepherd Ave | $699,000 | 3 bd · 1 ba |
| 321 Essex St | $699,000 | 3 bd · 2 ba |
| 27 Milford St | $798,000 | 6 bd · 4 ba |
| 155 Linwood St | $849,000 | 4 bd · 3 ba |
| 93 Linwood St | $850,000 | 3 bd · 2 ba |
| 270 Linwood St | $899,000 | 6 bd · 2 ba |
| 11 Milford St | $905,000 | 4 bd · 3 ba |
| 301 Ridgewood Ave | $945,500 | 5 bd · 3 ba |
| 36 Hale Ave | $950,000 | 5 bd · 2 ba |
| 900 Glenmore Ave | $950,000 | 6 bd · 2 ba |
| 852 Glenmore Ave | $995,000 | 6 bd · 3 ba |
| 3242 Fulton St | $1,080,000 | 4 bd · 3 ba |
| 42 Norwood Ave | $1,100,000 | Studio |
| 33 Hale Ave | $1,195,000 | 6 bd · 5 ba |
| 120 Highland Pl | $1,200,000 | 8 bd · 4 ba |
| 120 Highland Pl | $1,200,000 | 8 bd · 4 ba |
| 65 Richmond St | $1,200,000 | Studio |
| 54 Elton St | $1,250,000 | 5 bd · 4 ba |
| 97 Elton St | $1,259,000 | 7 bd · 3 ba |
| 90 Milford St | $1,298,000 | 7 bd · 5 ba |
| 325 Shepherd Ave | $1,399,000 | 9 bd · 5 ba |
| 3043 Fulton St | $1,625,000 | 6 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
OpenRealtor, a RealtyLens company. Listing facts are drawn from public feeds and enriched with NYC public records. This is not the original listing site.