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199-201 Chauncey St
Brooklyn, NY 11233
Multifamily Property For Sale
·
16 Units
Investment Highlights
- TWO MULTIFAMILY ASSETS WITH SIXTEEN (16) RESIDENTIAL UNITS
- UPSIDE OPPORTUNITY ON RESIDENTIAL UNITS
- ATTRACTIVE IN-PLACE 7.05% CAP RATE
- 421a TAX ABATEMENT WITH NINE (9) YEARS UNTIL EXPIRY
- CLOSE PROXIMITY TO A/C TRAIN AT UTICA AVE
- 8.84% YOY RENT GROWTH IN STUYVESANT HEIGHTS
Executive Summary
VIRTUALLY STAGED PHOTOS - CAP RATE 8%
Presenting a premier investment opportunity at 199 and 201 Chauncey Street, in the heart of the highly desirable Bedford-Stuyvesant neighborhood of Brooklyn.
Property Overview
Contemporary two-building asset built in 2017
16 thoughtfully designed one-bedroom units across 4 stories
Modern finishes and high-quality craftsmanship throughout
Bright, open layouts optimized for natural light and flexible design
Unit and Design Highlights
Spacious, efficient floor plans that maximize livable space
Sleek, contemporary interiors with premium materials
Versatile design options to suit a minimalist or personalized aesthetic
Each unit is crafted to deliver comfort, convenience, and lasting appeal
Neighborhood and Location Benefits
Prime Bed-Stuy setting with a vibrant, evolving urban culture
Abundant local attractions, shops, cafes, and cultural landmarks nearby
Strong public transportation access for effortless commutes to Manhattan and across Brooklyn
A neighborhood experiencing continuous growth and revitalization, attracting residents and investors alike
Investment Highlights
Rental Income (2025): $441,773.57
Operating Expenses: $71,128.64
Net Operating Income (NOI): $370,644.93
Cap Rate: 8%
Why This Is an Attractive Investment
Scale and consistency: 16 well-positioned one-bedroom units across a modern four-story building
Stability with upside: Established asset class in a high-demand market with potential for rent optimization and value-add opportunities
Location-driven demand: Walkable neighborhood with abundant amenities and excellent transit access
Efficient operating profile: Solid NOI with favorable expense structure
Financial Snapshot (for quick reference)
Annual Rental Income (2025): $441,773.57
Annual Expenses: $71,128.64
NOI: $370,644.93
Cap Rate: 8%
This listing offers a compelling blend of modern construction, desirable urban living, and strong, sponsor-friendly investment metrics. For more details, schedule a viewing, or request a comprehensive financial package and property tour, please contact us.
Presenting a premier investment opportunity at 199 and 201 Chauncey Street, in the heart of the highly desirable Bedford-Stuyvesant neighborhood of Brooklyn.
Property Overview
Contemporary two-building asset built in 2017
16 thoughtfully designed one-bedroom units across 4 stories
Modern finishes and high-quality craftsmanship throughout
Bright, open layouts optimized for natural light and flexible design
Unit and Design Highlights
Spacious, efficient floor plans that maximize livable space
Sleek, contemporary interiors with premium materials
Versatile design options to suit a minimalist or personalized aesthetic
Each unit is crafted to deliver comfort, convenience, and lasting appeal
Neighborhood and Location Benefits
Prime Bed-Stuy setting with a vibrant, evolving urban culture
Abundant local attractions, shops, cafes, and cultural landmarks nearby
Strong public transportation access for effortless commutes to Manhattan and across Brooklyn
A neighborhood experiencing continuous growth and revitalization, attracting residents and investors alike
Investment Highlights
Rental Income (2025): $441,773.57
Operating Expenses: $71,128.64
Net Operating Income (NOI): $370,644.93
Cap Rate: 8%
Why This Is an Attractive Investment
Scale and consistency: 16 well-positioned one-bedroom units across a modern four-story building
Stability with upside: Established asset class in a high-demand market with potential for rent optimization and value-add opportunities
Location-driven demand: Walkable neighborhood with abundant amenities and excellent transit access
Efficient operating profile: Solid NOI with favorable expense structure
Financial Snapshot (for quick reference)
Annual Rental Income (2025): $441,773.57
Annual Expenses: $71,128.64
NOI: $370,644.93
Cap Rate: 8%
This listing offers a compelling blend of modern construction, desirable urban living, and strong, sponsor-friendly investment metrics. For more details, schedule a viewing, or request a comprehensive financial package and property tour, please contact us.
Property Facts
| Price Per Unit | $287,188 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 8.07% | Building Size | 10,524 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2016 |
| Apartment Style | Mid-Rise | ||
| Zoning | R6B - The property is listed as zoned R6B (for both 199 and 201 Chauncey St). The combined properties comprise a mid-rise multifamily development. | ||
| Price Per Unit | $287,188 |
| Sale Type | Investment |
| Cap Rate | 8.07% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 10,524 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2016 |
| Zoning | R6B - The property is listed as zoned R6B (for both 199 and 201 Chauncey St). The combined properties comprise a mid-rise multifamily development. |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,312,200 | |
| Land Assessment | $317,700 | Total Assessment | $1,629,900 |
Property Taxes
Parcel Numbers
Land Assessment
$317,700
Improvements Assessment
$1,312,200
Total Assessment
$1,629,900
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