199-201 Chauncey St - Apartments FOR SALE


Brooklyn, NY 11233- Stuyvesant Heights
$4,750,000 USD
646-363-6175
199-201 Chauncey St, Brooklyn, NY for Sale
$4,750,000 USD
Apartments - FOR SALE
1/35
null | 7.96% Cap Rate

199-201 Chauncey St
Brooklyn, NY 11233
Stuyvesant Heights


HIGHLIGHTS

  • Two 4-story buildings (one on each lot). Each building comprises 8 residential units, totaling 16 units.
  • Situated on a 5,884 sf lot with a combined building area of 11,768 sf.
  • Built in 2016 with Certificates of Occupancy issued in 2018.
  • Properties currently benefit from a 421-a tax abatement through 2035, after which they will convert to 100% market-rate units.
  • Just a five-minute walk to the Utica Avenue [A, C] Subway Station, providing direct access to Manhattan and Downtown Brooklyn.

OVERVIEW

Asset CRG Advisors has been authorized to sell 199-201 Chauncey St, Brooklyn, NY 11233-5563. Property is a Two four-story buildings located in the highly sought-after BedfordStuyvesant neighborhood of Brooklyn. Each building comprises 8 residential units, totaling 16 units. Situated on a 5,884 sf lot with a combined building area of 11,768 sf. Built in 2016 with Certificates of Occupancy issued in 2018. Properties currently benefit from a 421-a tax abatement through 2035, after which they will convert to 100% market-rate units, offering significant long-term upside.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

16

PRICE/UNIT

$296,875

CAP RATE

7.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,884 SF

ZONING

R6B

APN/PARCEL ID

01687-0068,01687-0069

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.