Ariel Property Advisors has been retained on an exclusive basis to sell 278 Chauncey Street, a four-story multifamily walk-up building located between Ralph and Howard Avenues in the Bedford Stuyvesant neighborhood of Brooklyn.
The property consists of 8 three-bedroom apartments, four of which have been fully renovated. The building is situated on a 25’ x 100’ lot and spans 6,800 square feet. The property was recently upgraded with a new boiler system, two new hot water tanks, and roof improvements. Additionally, the utilities are well maintained and sub-metered so that tenants pay for their own electric and gas.
Transportation is in abundance being positioned within short walking distance of the Ralph Avenue, Chauncey Street, Rockaway Avenue, and Utica Avenue subway stations, providing access to the C, A, and J trains. Additionally, the B47 is just around the corner on Ralph Avenue. Shopping includes restaurants, clothing stores, laundromats and more in both directions on Ralph Avenue. Retail and cafes on Halsey Street are also within a five-minute walk. In addition, the property is less than a block away from Brevoort Playground and around the corner from Carver Playground. The George Washington Carver School is also situated one block away. Various condominium and apartment projects in the area are underway with completion dates in mid-late 2019.
