199-201 Chauncey St - Apartments FOR SALE


Brooklyn, NY 11233- Stuyvesant Heights
$4,595,000 USD
917-502-3964
199-201 Chauncey St, Brooklyn, NY for Sale
$4,595,000 USD
Apartments - FOR SALE
1/12
null | 8.07% Cap Rate

199-201 Chauncey St
Brooklyn, NY 11233
Stuyvesant Heights


HIGHLIGHTS

  • TWO MULTIFAMILY ASSETS WITH SIXTEEN (16) RESIDENTIAL UNITS
  • 421a TAX ABATEMENT WITH NINE (9) YEARS UNTIL EXPIRY
  • UPSIDE OPPORTUNITY ON RESIDENTIAL UNITS
  • CLOSE PROXIMITY TO A/C TRAIN AT UTICA AVE
  • ATTRACTIVE IN-PLACE 7.05% CAP RATE
  • 8.84% YOY RENT GROWTH IN STUYVESANT HEIGHTS

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,595,000 USD

PRICE/SF

$437 USD /SF

# OF UNITS

16

PRICE/UNIT

$287,188

CAP RATE

8.07%

% 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

6,098 SF

ZONING

R6B

APN/PARCEL ID

01687-0068,01687-0069

ASK ABOUT THIS PROPERTY

Todd WeinbergDouglas EllimanMore Info
917-502-3964

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Todd WeinbergDouglas EllimanMore Info
917-502-3964

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