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Status: Active

201 CHAUNCEY Street, #

Crown Heights North

$4,595,000
 |  16 Beds  |  16 Baths  |  5,611SF

Description

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
  • Each unit 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.

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Property Details

  • Multi Family

Amenities

  • Building Roof Deck
  • Cooling: Other
  • View: Other
  • Smoke Free
  • Pets: Building Yes, No

The Neighborhood

Crown
Heights
Crown Heights North

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For information on 201 CHAUNCEY Street, # contact:

realtor top real estate agent

Brian Bassi-Smith

Licensed RE Salesperson

646-239-1136

Licensed RE Salesperson
brianbassismith@gmail.com
646-239-1136

Listing courtesy of Douglas Elliman Real Estate
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