---
title: "1219 HALSEY Street, Brooklyn, NY 11237"
description: "1219 HALSEY Street, Brooklyn, NY 11237 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,089,000. Est. potential buyer savings up to $27,225 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11237/1219-halsey-street-ny-11237"
source: "Real Estate Rebate Team"
---

# 1219 HALSEY Street, Brooklyn, NY 11237

> **Listing Courtesy of:** Corcoran Group

## Description

Investment Opportunity 1219 Halsey Street, Bushwick, Brooklyn, NY 11237
  8-Unit Multifamily Building Asking $1,089,000
 
 Corcoran has been exclusively retained to market and sell 1219 Halsey Street - a fully occupied, income-producing 8-unit multifamily building situated in the heart of Bushwick, Brooklyn. Originally constructed in 1906, this classic four-story masonry walk-up is a study in both enduring character and modern operational efficiency, offering an investor a rare combination of immediate cash flow and meaningful long-term upside.
 
  The Property
 The building features eight spacious 2-bedroom, 1-bathroom railroad-style apartments, each averaging 861 square feet, with a desirable southeast-facing exposure that fills every unit with natural light throughout the day. The building sits on a 26.42 100 ft lot, is zoned R6, and carries a Tax Class 2B designation.
 
  Capital Improvements
 Significant capital improvements have been completed, positioning this asset as truly turnkey for its next owner. Upgrades include a full electrical panel modernization with circuit breakers routed to all four floors, updated individual meters, renovated kitchens and bathrooms throughout, and a conversion from oil to gas heating - a meaningful operational improvement that substantially reduces ongoing costs and long-term maintenance exposure.
 
  Income & Financial Performance
 All eight tenants are current with zero arrears, generating $10,015 per month and $120,180 in gross annual rent. Annual operating expenses break down as follows:
  Real estate taxes: $14,205 Water: $10,290 Insurance: $10,403 Gas / heating: $6,800 Common area electric: $1,584   Total expenses: $43,282  This yields an estimated Net Operating Income of  $76,898, a cap rate of approximately  7.06%, and a Gross Rent Multiplier of  9.06x - compelling metrics for a stabilized Brooklyn multifamily asset at this price point.
 Worth noting: the building currently operates on flat-fee water billing, presenting an immediate opportunity for a new owner to transition to metered billing and further reduce operating expenses.
 
 
  Location
 Situated steps from the Halsey Street J/Z subway station and Irving Square Park, 1219 Halsey Street benefits from exceptional transit connectivity and immediate access to the vibrant dining, retail, and nightlife corridor along Knickerbocker Avenue. Bushwick continues to be one of Brooklyn's most dynamic and actively appreciating neighborhoods, drawing a growing base of young professionals and long-term residents alike - underpinning both rental demand and asset value for years to come.
 
  The Opportunity
 With zero arrears, a stabilized tenancy, a modernized physical plant, and strong in-place cash flow, 1219 Halsey Street represents an ideal acquisition for an investor seeking a low-maintenance, income-producing asset in one of Brooklyn's most compelling submarkets. Properties of this quality, at this cap rate, at this price point, do not last.

## Property Details

- **Price**: $1,089,000
- **Potential Buyer Rebate**: $27,225
- **Bedrooms**: 16
- **Bathrooms**: 8
- **Living Area**: 1,717 sqft
- **Property Type**: Residential
- **Year Built**: 1906
- **Building**: 1219 HALSEY Street
- **Neighbourhood**: Bushwick
- **Area / Borough**: Brooklyn
- **Subdivision**: Bushwick
- **Listing Office**: Corcoran Group
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$27,225** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/1219-halsey-street)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/bushwick)
- [Estimate your Buyer Commission Share and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.