914-391-7689
377 Chauncey St, Brooklyn, NY for Sale
Apartments - FOR SALE
1/4
null | Request Cap Rate

377 Chauncey St
Brooklyn, NY 11233
Bedford-Stuyvesant


OVERVIEW

377 Chauncey Street is a fully tenanted, six-unit residential walk-up in Stuyvesant Heights — four free-market apartments over a favorable rent-stabilized base of two units, generating $90,858 in current net operating income against a $1,900,000 ask. All six apartments are configured as approximately 2.5-bedroom, one-bath railroad-style layouts. The boiler was replaced in 2026, and the roof is reported to be approximately ten years old, limiting near-term capital exposure for an incoming buyer. Four of the six units are free market, and current rents on those units sit meaningfully below projected market levels — identifying roughly $2,350 per month ($28,200 annually) of achievable upside at turnover or renewal, without touching the two DHCRregistered stabilized units. A verified same-block sale at 375 Chauncey Street (July 2023, $2,235,000 / $372,500 per unit) provides a direct, like-for-like benchmark for value, supported by additional same-street trading activity.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

6

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,807 SF

ZONING

R6Brooklyn(C2)

APN/PARCEL ID

01509-0065

ASK ABOUT THIS PROPERTY

Jeffrey KesslerDouglas EllimanMore Info
914-391-7689

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

Jeffrey KesslerDouglas EllimanMore Info
914-391-7689

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